CBSH insider buy: Director acquires 605 shares at $61.94

Commerce Bancshares director Terry D. Bassham purchased 605 shares of the company's common stock at $61.94 per share, increasing his direct holdings to 26,517 shares.

Rhea-AI Filing Summary

Commerce Bancshares director Terry D. Bassham purchased 605 shares of the company's common stock at $61.94 per share, increasing his direct holdings to 26,517 shares. The Form 4 reports this non-derivative acquisition, showing an insider buy that raised the reporting persons stake by a modest amount and reflects an additional personal equity position in the issuer.

Positive

• Director purchase of 605 shares at $61.94 signals insider alignment with shareholders
• Direct ownership increased to 26,517 shares, disclosed on Form 4 as required

Negative

• None.

Insights

Financial Analyst

TL;DR A director executed a small open-market buy, modestly increasing direct ownership; impact on valuation is likely minimal.

This Form 4 shows a 605-share acquisition at $61.94, raising direct holdings to 26,517 shares. From an analyst perspective, the purchase is a positive signal of insider alignment with shareholders but is immaterial relative to typical free float and market cap for most banks. No derivatives or dispositions were reported, and there are no indications of material corporate events tied to this filing.

Corporate Governance Expert

TL;DR Insider purchase by a director suggests alignment but is routine and not a governance red flag.

The disclosure identifies the reporting person as a director who made a direct acquisition of common stock. The transaction was reported on Form 4 and shows straightforward beneficial ownership reporting. The size of the purchase appears modest and does not indicate any immediate governance change or control shift. Documentation and signature are present as required.

Insider Trade Summary

Grant/Award: 605 shares

Grant/Award 1 txn

Insider BASSHAM TERRY D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	605	$61.94	$37K

Holdings After Transaction: Common Stock — 26,517 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Terry D. Bassham report on the Form 4 for CBSH?

He purchased 605 shares of Commerce Bancshares common stock at a reported price of $61.94 per share.

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

26,517 shares of common stock are reported as beneficially owned following the acquisition.

Was the transaction in common stock or derivatives according to the Form 4?

The transaction was in non-derivative common stock; no derivatives were reported on Table II.

Does the Form 4 indicate the reporting person's relationship to the issuer?

Yes. The form identifies Terry D. Bassham as a director of Commerce Bancshares.

Is there any indication of dispositions or other material changes in the filing?

No. The filing reports only the acquisition of 605 shares and no dispositions or other material events.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 09/03/2025 - 05:10 PM Learn about SEC filing dates

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^*

BASSHAM TERRY D

(Last) (First) (Middle)

700 W 31ST ST., SUITE 1902

(Street)

KANSAS CITY MO 64108-3642

(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	26,517	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: Terry Bassham	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.