SVP at Commerce Bancshares (CBSH) reports 2,092-share sale and adjustments

Rhea-AI Filing Summary

Commerce Bancshares, Inc. senior vice president David L. Roller reported several common stock transactions in early February 2026. On February 2, 2026, transactions coded "F" involved 1,094 shares at $53.23, leaving 31,513 directly held shares. On February 3, 2026, additional "F" transactions covered 488 shares at $53.59, and a transaction coded "S" reported the sale of 2,092 shares at $53.324, leaving 28,933 shares held directly. The filing also shows 2,155 shares held indirectly through a 401(k). A footnote states that all stock holding balances were adjusted for a 5% stock dividend with a record date of December 2, 2025, payable on December 16, 2025.

Insider Trade Summary

Net Seller: 2,092 shares ($111,554)

Net Sell 4 txns

Insider Roller David L.

Role Senior Vice President

Sold 2,092 shs ($112K)

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	488	$53.59	$26K
Sale	Common Stock	2,092	$53.324	$112K
Tax Withholding	Common Stock	1,094	$53.23	$58K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 31,025 shares (Direct); Common Stock — 2,155 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^*

Roller David 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)
02/02/2026

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		1,094	D	$53.23	31,513(1)	D
Common Stock	02/03/2026		F		488	D	$53.59	31,025	D
Common Stock	02/03/2026		S		2,092	D	$53.324	28,933	D
Common Stock								2,155	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/ Paul A. Steiner for David L. Roller	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 activity did CBSH disclose for David L. Roller?

CBSH disclosed that Senior Vice President David L. Roller reported multiple common stock transactions in early February 2026, including a sale of 2,092 shares at $53.324 per share and several additional transactions coded "F" around $53 per share.

How many Commerce Bancshares (CBSH) shares did the SVP sell?

The senior vice president reported a transaction coded "S" for 2,092 shares of Commerce Bancshares common stock on February 3, 2026, at $53.324 per share. This reduced his directly held position while other transactions adjusted share counts coded as "F."

How many CBSH shares does David L. Roller hold after these transactions?

After the reported February 2026 transactions, David L. Roller directly holds 28,933 shares of Commerce Bancshares common stock and indirectly holds 2,155 shares through a 401(k). These updated balances reflect the reported sale and the other share adjustments.

What were the prices for the reported CBSH insider transactions?

Reported transaction prices were $53.23 per share for 1,094 shares on February 2, 2026, $53.59 per share for 488 shares on February 3, 2026, and $53.324 per share for the 2,092-share sale on February 3, 2026, all in Commerce Bancshares common stock.

How did the 5% stock dividend affect CBSH insider holdings?

A footnote explains that all reported stock holding balances were adjusted for a 5% stock dividend, with a record date of December 2, 2025, and payable December 16, 2025. This means balances shown already incorporate the effect of that stock dividend.

What indirect Commerce Bancshares (CBSH) holdings does the SVP report?

The senior vice president reports holding 2,155 shares of Commerce Bancshares common stock indirectly through a 401(k) plan. This indirect position is in addition to his directly held shares and is shown separately in the filing’s ownership table.