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Commerce Bancshares (CBSH) SVP updates holdings after 5% stock dividend

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Commerce Bancshares senior vice president Kim L. Jakovich reported an acquisition of 2,083 shares of common stock on 02/03/2026 at a stated price of $0 per share. After this transaction, she held 14,188 shares directly and 1,463 shares indirectly 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 and payment date of 12/16/2025, which affects the reported share counts.

Positive

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Insider JAKOVICH KIM L
Role Senior Vice President
Type Security Shares Price Value
Grant/Award Common Stock 2,083 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 14,188 shares (Direct); Common Stock — 1,463 shares (Indirect, 401(k))
Footnotes (1)
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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*
JAKOVICH KIM L

(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)
02/03/2026
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 02/03/2026 A 2,083 A $0 14,188(1) D
Common Stock 1,463 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.
By: Paul A. Steiner For: Kim L. Jakovich 02/05/2026
** 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 Commerce Bancshares (CBSH) report for Kim L. Jakovich?

Commerce Bancshares reported that Senior Vice President Kim L. Jakovich acquired 2,083 shares of common stock on 02/03/2026 at a stated price of $0. Following this, she held 14,188 shares directly and 1,463 shares indirectly in a 401(k) plan.

How many Commerce Bancshares (CBSH) shares does Kim L. Jakovich own after this Form 4?

After the reported transaction, Kim L. Jakovich beneficially owned 14,188 shares of Commerce Bancshares common stock directly and 1,463 shares indirectly through a 401(k) plan. These balances reflect adjustments related to a previously declared 5% stock dividend.

What is the significance of the 5% stock dividend mentioned in the Commerce Bancshares (CBSH) Form 4?

The Form 4 explains that all stock holding balances were adjusted for a 5% stock dividend with a 12/2/2025 record date and 12/16/2025 payment date. This adjustment affects the share counts reported for Kim L. Jakovich’s direct and indirect holdings.

Was cash paid for the 2,083 Commerce Bancshares (CBSH) shares acquired by Kim L. Jakovich?

The Form 4 lists the 2,083 acquired Commerce Bancshares shares at a transaction price of $0 per share. This, together with the stock dividend footnote, indicates the change in holdings was not reported as a cash purchase transaction.

How are Kim L. Jakovich’s indirect Commerce Bancshares (CBSH) holdings structured?

Kim L. Jakovich’s Form 4 shows 1,463 Commerce Bancshares common shares held indirectly through a 401(k) plan. These indirect holdings are reported separately from her 14,188 directly held shares and are also adjusted for the 5% stock dividend described in the footnote.

What is Kim L. Jakovich’s role at Commerce Bancshares (CBSH) according to the Form 4?

According to the Form 4, Kim L. Jakovich is an officer of Commerce Bancshares with the title of Senior Vice President. She is not listed as a director or 10% owner, and the filing reflects her status as a Section 16 reporting person.