Commerce Bancshares (CBSH) director receives 886-share stock award

Rhea-AI Filing Summary

Daniel Karen L reported acquisition or exercise transactions in this Form 4 filing.

Commerce Bancshares director Karen L. Daniel received a grant of 886 shares of common stock on May 29, 2026. The shares were awarded at a value of $52.22 per share as part of compensation, rather than an open-market purchase. Following this award, Daniel directly holds 20,305 common shares of the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Daniel Karen L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	886	$52.22	$46K

Holdings After Transaction: Common Stock — 20,305 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 886 shares Grant price: $52.22 per share Post-transaction holdings: 20,305 shares

3 metrics

Shares granted 886 shares Common Stock grant on May 29, 2026

Grant price $52.22 per share Value used for the 886-share award

Post-transaction holdings 20,305 shares Total common shares held directly after the grant

Key Terms

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

3 terms

Common Stock financial

"security_title: "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

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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^*

Daniel Karen L

(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		886	A	$52.22	20,305	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:

	/s/ By: Steven A. Brandjord For: Karen L. Daniel	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 did Commerce Bancshares (CBSH) director Karen L. Daniel report on this Form 4?

Karen L. Daniel reported receiving 886 shares of Commerce Bancshares common stock as a grant. The award was recorded at $52.22 per share and increased her direct holdings to 20,305 shares following the transaction.

Was the Commerce Bancshares (CBSH) Form 4 transaction a market purchase or a grant?

The transaction was a grant or award, not an open-market purchase. The filing classifies the code as “A,” described as a grant, award, or other acquisition, indicating it is part of compensation rather than a discretionary stock purchase.

How many Commerce Bancshares (CBSH) shares does Karen L. Daniel hold after this grant?

After the grant, Karen L. Daniel directly holds 20,305 shares of Commerce Bancshares common stock. This total reflects her position immediately following the 886-share award reported in the Form 4 filing.

What price per share was used for Karen L. Daniel’s Commerce Bancshares (CBSH) stock award?

The awarded shares were valued at $52.22 per share. This price is shown as the transaction price per share for the 886-share grant of Commerce Bancshares common stock reported in the Form 4.

Does the Commerce Bancshares (CBSH) Form 4 show any stock sales by Karen L. Daniel?

No stock sales are reported for Karen L. Daniel in this Form 4. The filing shows a single acquisition transaction coded as a grant or award, with no dispositions or open-market sales disclosed in the summary data.