Commerce Bancshares (CBSH) SVP sells 949 common shares at $51.45

Rhea-AI Filing Summary

Commerce Bancshares Senior Vice President Kim L. Jakovich sold 949 shares of common stock in an open-market transaction at $51.45 per share. After this sale, she directly holds 12,741 common shares and indirectly holds 1,463 shares through a 401(k) account.

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^*

JAKOVICH KIM 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		S		949	D	$51.45	12,741	D
Common Stock								1,463	I	401(k)

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: Kim L. Jakovich	03/09/2026
	** 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 insider transaction did CBSH executive Kim L. Jakovich report?

Kim L. Jakovich reported selling 949 shares of Commerce Bancshares common stock. The open-market sale was executed at a price of $51.45 per share, as disclosed in the Form 4 insider trading report for COMMERCE BANCSHARES INC /MO/.

How many Commerce Bancshares (CBSH) shares does Kim L. Jakovich still own?

After the reported transaction, Kim L. Jakovich directly owns 12,741 shares of Commerce Bancshares common stock. She also has an indirect holding of 1,463 shares through a 401(k) account, according to the ownership totals disclosed in the Form 4.

Was the CBSH insider trade by Kim L. Jakovich a buy or a sell?

The transaction reported by Kim L. Jakovich was a sale of Commerce Bancshares common stock. The Form 4 identifies the transaction code as a sale in an open-market or private transaction, covering 949 shares at $51.45 per share.

What price did Kim L. Jakovich receive for selling CBSH shares?

Kim L. Jakovich received $51.45 per share for the 949 Commerce Bancshares common shares sold. This per-share price is explicitly stated in the Form 4, which classifies the transaction as an open-market sale of the company’s common stock.

How is Kim L. Jakovich’s indirect ownership in CBSH structured?

In addition to directly held shares, Kim L. Jakovich indirectly owns 1,463 Commerce Bancshares shares through a 401(k) plan. The Form 4 identifies this position as indirect ownership, separate from her directly owned 12,741 common shares.