[Form 4] Commerce Bancshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Christine B. Taylor, a director of Commerce Bancshares, reported the purchase of 545 shares of the issuer's common stock on 08/29/2025 at a price of $61.94 per share. Following the transaction she beneficially owned 7,954 shares. The Form 4 was signed on behalf of Ms. Taylor by Paul A. Steiner on 09/03/2025. This filing records a non-derivative acquisition by an insider.

Positive

• Insider purchase disclosed: 545 shares acquired, showing director increased personal stake.
• Complete disclosure: Transaction date, price ($61.94), and post-transaction ownership (7,954 shares) are reported.

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine insider purchase of 545 shares at $61.94 increases director ownership to 7,954 shares.

The reported transaction is a straightforward open-market acquisition rather than a derivative or plan-based trade. The size of the purchase appears modest relative to a typical public company market cap and does not by itself imply a material change in insider ownership or control. Useful to investors mainly as a confirmation that a director added to her position.

Corporate Governance Expert

TL;DR: Properly filed Form 4 documents a director's purchase; disclosure and signature are in order.

The Form 4 clearly identifies the reporting person and relationship to the issuer, provides date, transaction code, price, and post-transaction beneficial ownership, and includes an authorized signature. The filing meets Section 16 reporting requirements for a non-derivative acquisition by an officer/director.

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^*

TAYLOR CHRISTINE B

(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		545	A	$61.94	7,954	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: Christine B. Taylor	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 the Commerce Bancshares (CBSH) Form 4 report?

The Form 4 reports that director Christine B. Taylor purchased 545 shares of common stock on 08/29/2025 at $61.94 per share.

How many shares does Christine B. Taylor own after the reported CBSH transaction?

After the reported acquisition, Ms. Taylor beneficially owned 7,954 shares of Commerce Bancshares common stock.

Was the reported CBSH transaction a derivative or stock option exercise?

No. The filing shows a non-derivative acquisition of common stock (listed in Table I).

Who signed the Form 4 for Christine B. Taylor and when?

The Form 4 was signed on behalf of Christine B. Taylor by Paul A. Steiner on 09/03/2025.

Does the Form 4 indicate this trade was part of a Rule 10b5-1 plan?

The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan.