Commerce Bancshares Director Acquires 747 Shares; Post-Trade Holdings 16,773

Rhea-AI Filing Summary

Commerce Bancshares director Karen L. Daniel purchased 747 shares of Common Stock on 08/29/2025 at $61.94 per share, increasing her direct beneficial ownership to 16,773 shares. The Form 4 shows the transaction was reported by an authorized signer on 09/03/2025 and is filed under Section 16 disclosure requirements.

Positive

• Director reported acquisition of company stock, increasing disclosed holdings to 16,773 shares
• Transaction details are fully disclosed: date (08/29/2025), amount (747 shares) and price ($61.94)

Negative

• None.

Insights

Financial Analyst

TL;DR: Director bought 747 shares at $61.94, bringing direct holdings to 16,773 shares; disclosure is routine insider reporting.

The Form 4 documents a non-derivative acquisition by a director of Commerce Bancshares (CBSH). The purchase price and share count are explicit: 747 shares at $61.94 on 08/29/2025, resulting in 16,773 shares beneficially owned. For investors and compliance teams, this is a clear Section 16 disclosure of insider activity; the filing contains no additional terms, plans, or derivative positions.

Corporate Governance Expert

TL;DR: Compliance filing appears complete for the reported transaction and follows required signature protocol.

The Form 4 identifies the reporting person as a director and shows the required signature block (filed by Paul A. Steiner for Karen L. Daniel on 09/03/2025). The report covers a single open-market acquisition of common stock with the post-transaction ownership disclosed. No amendments, plans, or derivative instruments are reported in this filing.

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
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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^*

Daniel Karen L

(Last) (First) (Middle)

1000 WALNUT ST

(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		747	A	$61.94	16,773	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:

	/s/ By: Paul A. Steiner For: Karen L. Daniel	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 transaction did Karen L. Daniel report on Form 4 for CBSH?

The Form 4 reports an acquisition of 747 shares of Common Stock on 08/29/2025 at a price of $61.94 per share.

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

The filing shows 16,773 shares beneficially owned following the reported transaction.

Who signed the Form 4 for Karen L. Daniel and when was it signed?

The Form 4 was signed /s/ By: Paul A. Steiner For: Karen L. Daniel on 09/03/2025.

Does the Form 4 report any derivative securities or Rule 10b5-1 plan?

No derivative securities, exercise/expiration dates, or a 10b5-1 plan are reported in the provided Form 4.