Director William Kyle Chapman granted 662 Commerce Bancshares (CBSH) shares in Form 4

Rhea-AI Filing Summary

Commerce Bancshares director William Kyle Chapman reported an acquisition of company stock through a grant or award. He received 662 shares of common stock at an indicated value of $50.99 per share, bringing his direct holdings to 9,480 shares after the transaction. A footnote states that all stock holding balances were adjusted for a 5% stock dividend with a record date of December 2, 2025 and payable on December 16, 2025.

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

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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^*

CHAPMAN WILLIAM KYLE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		A		662	A	$50.99	9,480(1)	D

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: William Kyle Chapman	03/02/2026
	** 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).
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FAQ

What insider transaction did COMMERCE BANCSHARES INC (CBSH) report for William Kyle Chapman?

COMMERCE BANCSHARES INC reported that director William Kyle Chapman acquired 662 shares of common stock via a grant or award. This increased his direct ownership to 9,480 shares following the transaction on February 28, 2026.

How many COMMERCE BANCSHARES INC (CBSH) shares does William Kyle Chapman own after this Form 4?

After the reported grant, director William Kyle Chapman directly owns 9,480 shares of COMMERCE BANCSHARES INC common stock. This figure reflects the addition of 662 granted shares and includes prior adjustments for a 5% stock dividend.

Was the COMMERCE BANCSHARES INC (CBSH) Form 4 transaction a purchase or an award?

The Form 4 transaction for COMMERCE BANCSHARES INC was an award, not an open-market purchase. The filing classifies it as a grant or other acquisition of 662 common shares, coded "A" for grant, award, or other acquisition.

What price per share is associated with William Kyle Chapman’s COMMERCE BANCSHARES INC (CBSH) stock grant?

The reported value for the grant to William Kyle Chapman is $50.99 per COMMERCE BANCSHARES INC common share. This figure is used to value the 662-share award disclosed in the Form 4 insider transaction filing.

How did a 5% stock dividend affect COMMERCE BANCSHARES INC (CBSH) insider holdings?

Insider holdings were adjusted to reflect a 5% stock dividend, with a record date of December 2, 2025 and payable December 16, 2025. The footnote explains that all reported stock balances incorporate this dividend-related adjustment.

What do the ownership details indicate in the COMMERCE BANCSHARES INC (CBSH) Form 4 for William Kyle Chapman?

The filing shows William Kyle Chapman’s ownership as direct, indicated by the "D" ownership code. This means the 9,480 shares of COMMERCE BANCSHARES INC common stock are held directly in his name after the reported grant.