Commerce Bancshares (CBSH) director awarded 662 common shares

Rhea-AI Filing Summary

TAYLOR CHRISTINE B reported acquisition or exercise transactions in this Form 4 filing.

Commerce Bancshares director Christine B. Taylor received a grant of 662 shares of common stock at $50.99 per share. This grant increased her directly held stake to 9,671 shares. The reported holdings have been adjusted to reflect a 5% stock dividend with a record date of December 2, 2025, payable 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^*

TAYLOR CHRISTINE B

(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	9,671(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 12/2/2025, payable 12/16/2025.

	By: Paul A. Steiner For: Christine B. Taylor	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 CBSH director Christine B. Taylor report?

Christine B. Taylor reported receiving a grant of 662 shares of Commerce Bancshares common stock. The award, recorded at $50.99 per share, reflects a grant or similar acquisition rather than an open-market purchase, increasing her directly held position to 9,671 shares.

Was the CBSH Form 4 transaction a stock purchase or a grant?

The CBSH Form 4 shows a stock grant or award, not an open-market purchase. The transaction is coded as an acquisition under a grant, meaning the director received 662 shares at a stated value of $50.99 per share as compensation or incentive.

How many CBSH shares does Christine B. Taylor now own after the grant?

After the reported grant, Christine B. Taylor directly holds 9,671 shares of Commerce Bancshares common stock. This total incorporates the new 662-share award and reflects adjustments for a prior 5% stock dividend applied to her stock holding balances.

What price per share is shown for the CBSH stock grant on the Form 4?

The Form 4 lists a value of $50.99 per share for the 662-share grant. This figure typically represents the grant date fair value used for reporting purposes, rather than a cash purchase price paid by the director in the market.

How did the 5% stock dividend affect CBSH insider holdings on this Form 4?

The footnote explains that all stock holding balances were adjusted for a 5% stock dividend. The dividend had a record date of December 2, 2025, and a payable date of December 16, 2025, increasing reported share counts for existing holders accordingly.

Is the CBSH Form 4 transaction reported as direct or indirect ownership?

The transaction is reported as direct ownership for Christine B. Taylor. The Form 4 marks the nature of ownership as direct, indicating the 9,671 shares after the grant are held in her own name rather than through a trust or other entity.