Commerce Bancshares (CBSH) SVP disposes 898 shares of common stock

Rhea-AI Filing Summary

Commerce Bancshares Inc. Senior Vice President Douglas D. Neff reported a disposition of 898 shares of common stock on 02/02/2026 at $53.23 per share. After this transaction, he directly held 10,576 common shares and indirectly held 715 common shares through a 401(k) plan.

The filing notes that all stock holding balances were adjusted to reflect a 5% stock dividend with a record date of 12/2/2025, payable on 12/16/2025, meaning the reported share amounts incorporate this dividend adjustment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Neff Douglas D

Role Senior Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	898	$53.23	$48K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,576 shares (Direct); Common Stock — 715 shares (Indirect, 401(k))

Footnotes (1)

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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^*

Neff Douglas D

(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)
02/02/2026

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	02/02/2026		F		898	D	$53.23	10,576(1)	D
Common Stock								715	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.

	/s/ By: Paul A. Steiner For: Douglas D. Neff	02/04/2026
	** 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.

FAQ

What insider transaction did CBSH executive Douglas D. Neff report?

Douglas D. Neff reported a disposition of 898 shares of Commerce Bancshares common stock. The transaction occurred on 02/02/2026 at a reported price of $53.23 per share, as reflected in the Form 4 insider trading report.

How many Commerce Bancshares (CBSH) shares does Douglas D. Neff hold after this filing?

After the reported transaction, Douglas D. Neff directly held 10,576 shares of Commerce Bancshares common stock. He also indirectly held 715 additional shares through a 401(k) plan, according to the positions listed in the Form 4.

What does the transaction code F mean in Douglas D. Neff’s CBSH Form 4?

The Form 4 lists transaction code F for the 898-share disposition on 02/02/2026. Code F is a standard SEC code indicating a specific type of non-derivative transaction, as categorized in Section 16 reporting for equity awards and related share movements.

How did the 5% stock dividend affect Douglas D. Neff’s CBSH share balances?

The filing states all stock holding balances were adjusted for a 5% stock dividend. The dividend had a record date of 12/2/2025 and was payable on 12/16/2025, so the reported holdings already incorporate this 5% increase.

What indirect holdings in Commerce Bancshares (CBSH) does Douglas D. Neff report?

Douglas D. Neff reports indirect ownership of 715 shares of Commerce Bancshares common stock. These shares are held through a 401(k) plan, as indicated in the ownership table of the Form 4 insider report.

What is Douglas D. Neff’s role at Commerce Bancshares (CBSH)?

Douglas D. Neff is identified as a Senior Vice President of Commerce Bancshares Inc. The Form 4 lists him as an officer of the company, without director or 10% owner status checked.