Commerce Bancshares (CBSH) EVP David Orf acquires 2,643 additional common shares

Rhea-AI Filing Summary

Commerce Bancshares executive David L. Orf reported acquiring additional company stock. On February 3, 2026, he acquired 2,643 shares of Commerce Bancshares common stock at a stated price of $0 per share, increasing his direct holdings to 24,962 shares.

In addition to these directly held shares, he is also reported as indirectly holding 24,001 shares through a 401(k) plan. Orf is listed as an Executive Vice President and Chief Credit Officer, so these holdings reflect equity exposure by a senior officer.

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

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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^*

Orf David 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)
	Exec. Vice President & CCO

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		2,643	A	$0	24,962	D
Common Stock								24,001	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:

	/s/ Paul A. Steiner for David L. Orf	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 insider transaction did CBSH executive David L. Orf report?

David L. Orf reported acquiring 2,643 shares of Commerce Bancshares common stock. The transaction occurred on February 3, 2026, at a stated price of $0 per share, indicating an award or allocation rather than an open-market purchase.

How many CBSH shares does David L. Orf own directly after this Form 4?

After the reported transaction, David L. Orf directly beneficially owns 24,962 shares of Commerce Bancshares common stock. This figure reflects his updated direct position following the 2,643-share acquisition on February 3, 2026, as disclosed in the Form 4 filing.

Does David L. Orf have indirect holdings of Commerce Bancshares (CBSH) stock?

Yes. The filing shows David L. Orf indirectly holding 24,001 shares of Commerce Bancshares common stock through a 401(k) plan. These indirect holdings are reported separately from his directly owned 24,962 shares, giving insight into his total economic exposure.

What is David L. Orf’s role at Commerce Bancshares (CBSH)?

David L. Orf is identified as an Executive Vice President and Chief Credit Officer of Commerce Bancshares. This senior leadership role means his reported stock holdings and transactions provide visibility into equity ownership by the company’s upper management team.

Was there a sale of CBSH shares in this Form 4 filing?

No sale is reported in this Form 4. The only transaction shown is an acquisition of 2,643 shares of Commerce Bancshares common stock, coded as an “A” transaction, which increased David L. Orf’s directly held position to 24,962 shares.