Commerce Bancshares (CBSH) CEO John Kemper adds 18,038 new shares

Rhea-AI Filing Summary

Commerce Bancshares President and CEO John W. Kemper reported acquiring 18,038 shares of common stock on February 3, 2026. The shares were acquired at a reported price of $0 per share, increasing his directly held stake to 229,925 shares.

In addition to his direct holdings, the filing shows 284,092 shares of Commerce Bancshares common stock held indirectly through Tower Properties Co. Kemper is both a director and the President and CEO of the company, and this Form 4 reflects his updated ownership position.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kemper John W

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	18,038	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 229,925 shares (Direct); Common Stock — 284,092 shares (Indirect, Tower Properties Co)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Kemper John W

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		A		18,038	A	$0	229,925	D
Common Stock								284,092	I	Tower Properties Co

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: John W. Kemper	02/05/2026
	** 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 did CBSH President and CEO John W. Kemper report in this Form 4?

John W. Kemper reported acquiring 18,038 shares of Commerce Bancshares common stock. The transaction occurred on February 3, 2026 at a reported price of $0 per share, updating his direct and indirect ownership positions in the company.

How many Commerce Bancshares (CBSH) shares does John W. Kemper own directly after this filing?

After the reported transaction, John W. Kemper directly holds 229,925 shares of Commerce Bancshares common stock. This reflects the addition of 18,038 shares acquired on February 3, 2026 at a reported price of $0 per share.

What indirect ownership in CBSH does John W. Kemper report?

The filing lists 284,092 Commerce Bancshares common shares held indirectly through Tower Properties Co. This indirect position is separate from his 229,925 directly held shares and is identified in the Form 4 under indirect beneficial ownership.

What is the transaction code and price for John W. Kemper’s CBSH share acquisition?

The transaction is coded “A” for acquisition and reports a price of $0 per share. On February 3, 2026, John W. Kemper acquired 18,038 Commerce Bancshares common shares under these terms, increasing his reported direct holdings.

What roles does John W. Kemper hold at Commerce Bancshares (CBSH)?

John W. Kemper is identified as both a director and an officer of Commerce Bancshares. His officer title is President and CEO, and this Form 4 filing reflects changes in his beneficial ownership of the company’s common stock.