Commerce Bancshares Form 4: Insider Purchase and Spouse Disposal Reported

Rhea-AI Filing Summary

Kevin G. Barth, an Executive Vice President of Commerce Bancshares, reported an open-market purchase of 106 shares of Common Stock at $59.4832 per share. The filing lists 22,746 shares as beneficially owned following the reported transaction (reported as indirect). The filing also lists holdings of 47,223 shares under an executive compensation plan and 14,774 shares in a 401(k). The report notes 50,099 shares disposed by a spouse.

Positive

• Insider purchase recorded: 106 shares acquired at $59.4832, indicating personal buy-in by an executive
• Clear disclosure of holdings: executive compensation plan (47,223) and 401(k) (14,774) balances are reported

Negative

• Spouse disposal reported: 50,099 shares disposed, which may affect the reporting person's household holdings

Insights

Financial Analyst

TL;DR: Insider modestly purchased stock; aggregate holdings mix of plan, 401(k), and indirect ownership.

The report documents a small open-market acquisition of 106 shares at $59.4832, increasing the reporting person's indirect beneficial stake to 22,746 shares while showing larger positions held in an executive compensation plan (47,223) and a 401(k) (14,774). The size of the purchase is immaterial relative to those plan holdings, so the transaction has limited market-significance.

Corporate Governance Expert

TL;DR: Filing shows routine insider activity and a spouse disposition; no governance red flags evident.

The Form 4 records routine securities reporting: a small personal purchase alongside significant plan-based and retirement-account holdings. The separate entry showing a spouse disposal of 50,099 shares warrants disclosure but is recorded in the form. There is no indication of restricted trading violations or unusual derivative activity in this filing.

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).

1. Name and Address of Reporting Person^*

BARTH KEVIN G

(Last) (First) (Middle)

1000 WALNUT ST., 7TH FLOOR

(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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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	09/23/2025		A		106	A	$59.4832	22,746	I	Exec Comp Plan
Common Stock								47,223	I	401(k)
Common Stock								14,774	I	By Spouse
Common Stock								50,099	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 Paul A. Steiner For: Kevin G Barth	10/01/2025
	** 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 activity did Kevin G. Barth report for CBSH?

The Form 4 shows a purchase of 106 shares at $59.4832 and lists 22,746 shares as beneficially owned following the transaction.

How many shares does Kevin G. Barth hold through the executive compensation plan?

The filing reports 47,223 shares held in an executive compensation plan.

Does the Form 4 show any retirement-account holdings for the reporting person (CBSH)?

Yes. The report lists 14,774 shares held in a 401(k) account.

Is there any disposition by related parties in the CBSH filing?

Yes. The filing reports a 50,099-share disposal by the reporting person’s spouse.

Were any derivative securities reported on this Form 4 for CBSH?

No derivative securities are reported in Table II; only non-derivative common stock transactions are shown.