[Form 4] Commerce Bancshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Benjamin F. Rassieur III, a director of Commerce Bancshares, acquired 605 shares of the issuer's common stock on 08/29/2025 at a reported price of $61.94 per share. After the transaction he beneficially owned 39,505 shares. The purchase was reported on a Form 4 filed as an individual filing and the filing shows a signature executed by Paul A. Steiner on 09/03/2025.

Positive

• Director purchase reported: Benjamin F. Rassieur III acquired 605 shares, which can be viewed as a signal of insider purchase.

Negative

• None.

Insights

Financial Analyst

TL;DR: A small director buy was reported; impact on valuation is likely minimal.

The Form 4 shows an insider director purchased 605 shares at $61.94, increasing his beneficial stake to 39,505 shares. The purchase size is modest relative to typical institutional holdings and provides a limited positive signal about insider confidence but is not material to the company’s capitalization or immediate valuation.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure of a director purchase; filing appears compliant.

The document is a standard Section 16 Form 4 reporting a director-level acquisition executed on 08/29/2025 and signed on 09/03/2025. Details provided include transaction code, price, and post-transaction beneficial ownership, meeting basic disclosure requirements. No governance concerns or unusual arrangements are disclosed in the form.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RASSIEUR BENJAMIN F III

(Last) (First) (Middle)

1000 WALNUT ST., 7TH FLOOR

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMERCE BANCSHARES INC /MO/ [ CBSH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		A		605	A	$61.94	39,505	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	By: Paul A. Steiner For: Benjamin F. Rassieur III	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction was reported for CBSH?

A director, Benjamin F. Rassieur III, acquired 605 shares of Commerce Bancshares common stock on 08/29/2025 at $61.94 per share.

How many shares does the reporting person own after the transaction?

The Form 4 reports 39,505 shares beneficially owned following the reported purchase.

When was the Form 4 transaction reported and who signed it?

The transaction date is 08/29/2025 and the Form 4 shows a signature executed by Paul A. Steiner on 09/03/2025.

Was this Form 4 filed individually or jointly for CBSH?

The filing indicates it was a Form filed by one reporting person (individual filing).

What was the reported price per share for the CBSH insider purchase?

The reported price per share was $61.94.