CBSH SVP acquires stock, then sells 1,134 shares

Commerce Bancshares executive David L. Roller, a Senior Vice President, reported two transactions in the company’s common stock.

Rhea-AI Filing Summary

Commerce Bancshares executive David L. Roller, a Senior Vice President, reported two transactions in the company’s common stock. On February 3, 2026, he acquired 2,736 shares at $0 per share, increasing his direct holdings to 31,669 shares. On February 4, 2026, he sold 1,134 shares at $54.48 per share, leaving 30,535 shares held directly. He also reports 2,155 shares held indirectly through a 401(k) account.

Insider Trade Summary

Net Seller: 1,134 shares

Net Sell 3 txns

Insider Roller David L.

Role Senior Vice President

Sold 1,134 shs ($62K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,134	$54.48	$62K
Grant/Award	Common Stock	2,736	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 30,535 shares (Direct); Common Stock — 2,155 shares (Indirect, 401(k))

FAQ

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

What insider transactions did CBSH executive David L. Roller report?

David L. Roller reported two transactions in Commerce Bancshares stock. He acquired 2,736 common shares on February 3, 2026, at $0 per share, then sold 1,134 shares on February 4, 2026, at $54.48 per share, as disclosed in his Form 4 filing.

How many CBSH shares did David L. Roller acquire and at what price?

He acquired 2,736 shares of Commerce Bancshares common stock on February 3, 2026. The reported acquisition price was $0 per share, indicating a no-cash award or similar transfer, as reflected in the non-derivative Table I of the Form 4.

How many CBSH shares did David L. Roller sell and at what price?

He sold 1,134 shares of Commerce Bancshares common stock on February 4, 2026. The reported sale price was $54.48 per share, and the transaction was coded as a disposition (Code S) in the non-derivative securities table.

What are David L. Roller’s CBSH share holdings after these transactions?

After the reported transactions, David L. Roller directly holds 30,535 shares of Commerce Bancshares common stock. In addition, he reports 2,155 shares held indirectly through a 401(k) plan, reflecting both direct and retirement-related beneficial ownership.

How is David L. Roller related to Commerce Bancshares (CBSH)?

David L. Roller is an officer of Commerce Bancshares, serving as a Senior Vice President. The Form 4 identifies him in this role and confirms that the filing is made by one reporting person, reflecting his insider status under Section 16 requirements.

Does David L. Roller report any indirect ownership of CBSH shares?

Yes. In addition to his direct holdings, David L. Roller reports 2,155 Commerce Bancshares shares held indirectly. These are listed in the Form 4 as being owned through a 401(k) account, categorized as indirect beneficial ownership in Table I.

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

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Accepted by SEC EDGAR 02/05/2026 - 05:17 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^*

Roller 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)
	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		2,736	A	$0	31,669	D
Common Stock	02/04/2026		S		1,134	D	$54.48	30,535	D
Common Stock								2,155	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. Roller	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.