Director Blackford F. Brauer awarded 718 CBSH shares in Form 4 filing

Rhea-AI Filing Summary

COMMERCE BANCSHARES INC /MO/ director Blackford F. Brauer reported a grant of 718 shares of Common Stock. The shares were acquired on May 29, 2026 at a price recorded as $52.22 per share in a compensation-related transaction coded as a grant or award. Following this acquisition, Brauer directly owns 46,941 shares of Commerce Bancshares Common Stock, as reported in the filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BRAUER BLACKFORD F

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	718	$52.22	$37K

Holdings After Transaction: Common Stock — 46,941 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 718 shares Grant price: $52.22 per share Total shares held after grant: 46,941 shares

3 metrics

Shares granted 718 shares Common Stock grant on May 29, 2026

Grant price $52.22 per share Recorded transaction price for the 718-share award

Total shares held after grant 46,941 shares Director’s direct ownership following the transaction

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4

3 terms

Common Stock financial

"Director Blackford F. Brauer reported a grant of 718 shares of Common Stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"The transaction was coded as a grant, award, or other acquisition, indicating a compensation-related share award."

Form 4 regulatory

"This figure reflects the value used in the Form 4 for the 718 shares of Commerce Bancshares Common Stock granted."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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^*

BRAUER BLACKFORD F

(Last) (First) (Middle)

1000 WALNUT ST.

(Street)

KANSAS CITY MISSOURI 64106

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/29/2026		A		718	A	$52.22	46,941	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:

	By: Steven A. Brandjord For: Blackford F. Brauer	06/02/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CBSH director Blackford F. Brauer report?

Director Blackford F. Brauer reported receiving 718 shares of Commerce Bancshares Common Stock. The transaction was coded as a grant, award, or other acquisition, indicating a compensation-related share award rather than an open-market purchase or sale.

On what date did the CBSH insider share grant to Blackford F. Brauer occur?

The share grant to Blackford F. Brauer occurred on May 29, 2026. This date is when 718 shares of Commerce Bancshares Common Stock were acquired and recorded on the Form 4 as a grant or award transaction.

What was the price per share for Blackford F. Brauer’s CBSH stock award?

The stock award was recorded at a price of $52.22 per share. This figure reflects the value used in the Form 4 for the 718 shares of Commerce Bancshares Common Stock granted to director Blackford F. Brauer.

How many CBSH shares does Blackford F. Brauer own after this Form 4 transaction?

After this transaction, Blackford F. Brauer directly owns 46,941 shares of Commerce Bancshares Common Stock. This total, reported in the Form 4, reflects his direct holdings immediately following the 718-share grant or award.

Was Blackford F. Brauer’s CBSH Form 4 transaction a market purchase or a grant?

The Form 4 shows the transaction as a grant, award, or other acquisition, not an open-market purchase. It is coded with transaction code “A,” which typically indicates shares received as part of compensation or similar non-market arrangements.