Commerce Bancshares (CBSH) SVP sells 861 common shares

Rhea-AI Filing Summary

Commerce Bancshares Inc. Senior Vice President Margaret M. Rowe reported an open-market sale of 861 shares of common stock on March 5, 2026 at $51.685 per share. After this sale, she directly held 5,742 shares and indirectly held 17,701 shares through a 401(k) account.

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^*

ROWE MARGARET M

(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)
03/05/2026

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	03/05/2026		S		861	D	$51.685	5,742	D
Common Stock								17,701	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:

	By: Paul A. Steiner For: Margaret M. Rowe	03/09/2026
	** 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 Margaret M. Rowe report on this Form 4?

Margaret M. Rowe, a Senior Vice President of Commerce Bancshares Inc., reported selling 861 shares of common stock in an open-market transaction at $51.685 per share on March 5, 2026, according to the Form 4 filing data.

How many Commerce Bancshares (CBSH) shares did the SVP sell and at what price?

The Senior Vice President sold 861 shares of Commerce Bancshares common stock at a price of $51.685 per share. This was reported as an open-market sale under transaction code “S” on March 5, 2026 in the Form 4 filing.

How many CBSH shares does Margaret M. Rowe hold after the reported sale?

After the reported sale, Margaret M. Rowe directly held 5,742 shares of Commerce Bancshares common stock. She also indirectly held 17,701 additional shares through a 401(k) account, as reflected in the post-transaction ownership figures in the Form 4.

What is the nature of Margaret M. Rowe’s indirect ownership in CBSH shares?

Margaret M. Rowe’s indirect ownership in Commerce Bancshares common stock is through a 401(k) account. Following the reported activity, the Form 4 shows 17,701 shares held indirectly, separate from her 5,742 directly owned shares of common stock.

What transaction code and description are used for the CBSH insider sale?

The Form 4 lists transaction code “S” for the Commerce Bancshares insider trade, described as a sale in an open market or private transaction. This code and description apply to the 861 shares sold by Senior Vice President Margaret M. Rowe.