Commerce Bancshares (CBSH) SVP Rowe adds 1,866 shares after 5% stock dividend adjustment

Rhea-AI Filing Summary

Commerce Bancshares insider activity: Senior Vice President Margaret M. Rowe reported an acquisition of 1,866 shares of Commerce Bancshares common stock on February 3, 2026, at a reported price of $0 per share. The filing notes that all stock holding balances were adjusted to reflect a 5% stock dividend with a record date of December 2, 2025 and payable December 16, 2025.

After this adjustment, Rowe held 7,085 shares directly and 17,701 shares indirectly through a 401(k) account. This reflects updated ownership levels following the stock dividend rather than an open-market purchase.

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^*

ROWE MARGARET M

(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)
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		1,866	A	$0	7,085(1)	D
Common Stock								17,701	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:

1. All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

	By: Paul A. Steiner For: Margaret M. Rowe	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did CBSH Senior Vice President Margaret M. Rowe report?

Margaret M. Rowe reported acquiring 1,866 shares of Commerce Bancshares common stock on February 3, 2026 at a stated price of $0 per share. The acquisition reflects an adjustment related to a previously declared 5% stock dividend, not a cash purchase.

How many Commerce Bancshares (CBSH) shares does Margaret M. Rowe own after the reported transaction?

Following the reported adjustment, Margaret M. Rowe beneficially owned 7,085 Commerce Bancshares common shares directly. She also held an additional 17,701 shares indirectly through a 401(k) plan, as shown in the filing’s ownership table after the transaction.

Was the CBSH insider transaction by Margaret M. Rowe a market purchase or related to a stock dividend?

The transaction is tied to a 5% stock dividend, not a market purchase. A footnote explains that all stock holding balances were adjusted for the 5% dividend with a record date of December 2, 2025, payable on December 16, 2025.

What does the $0 per share price mean in Margaret M. Rowe’s CBSH Form 4 filing?

The reported price of $0 per share indicates the shares were not bought for cash but credited in connection with the 5% stock dividend. The filing characterizes the transaction as an acquisition coded “A” with no cash consideration per share.

How is Margaret M. Rowe related to Commerce Bancshares (CBSH)?

Margaret M. Rowe is reported as an officer of Commerce Bancshares with the title Senior Vice President. She is not flagged as a director or 10% owner in the filing, but her role requires reporting transactions under Section 16 rules.

What is the significance of the 5% stock dividend mentioned in the CBSH Form 4?

The filing states that all stock holding balances were adjusted for a 5% stock dividend with record date December 2, 2025 and payable December 16, 2025. This adjustment increased reported share counts without a cash purchase by the insider.