Senior VP Paula Petersen of Commerce Bancshares (CBSH) granted 2,799 shares at $0

Rhea-AI Filing Summary

Commerce Bancshares Senior Vice President Paula S. Petersen reported an acquisition of company stock. On February 3, 2026, she acquired 2,799 shares of Commerce Bancshares common stock at a reported price of $0 per share, increasing her directly held position to 43,292 shares.

In addition, she is reported to beneficially own 4,932 shares indirectly through a 401(k) plan. This filing simply updates her ownership records and reflects a stock award or similar no-cost acquisition rather than an open‑market purchase.

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
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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^*

Petersen Paula S

(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		2,799	A	$0	43,292	D
Common Stock								4,932	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:

	/s/ Paul A. Steiner for Paula S. Petersen	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 did Paula S. Petersen report in this Commerce Bancshares (CBSH) Form 4?

Paula S. Petersen reported acquiring 2,799 shares of Commerce Bancshares common stock. The shares were recorded at a price of $0, suggesting an award or similar grant, and raised her directly held stake to 43,292 shares, plus indirect 401(k) holdings.

How many Commerce Bancshares (CBSH) shares does Paula S. Petersen own after the transaction?

After the transaction, Paula S. Petersen directly owns 43,292 shares of CBSH. The filing also shows she beneficially owns an additional 4,932 shares indirectly through a 401(k) plan, indicating both direct and retirement-plan related exposure to Commerce Bancshares stock.

What was the price per share for Paula S. Petersen’s CBSH stock acquisition?

The reported price per share for the 2,799 acquired Commerce Bancshares shares was $0. This typically indicates a stock award, grant, or similar compensation-related issuance rather than an open-market purchase funded with cash.

What is Paula S. Petersen’s role at Commerce Bancshares (CBSH)?

Paula S. Petersen is a Senior Vice President at Commerce Bancshares. Her Form 4 identifies her as an officer of the company, and the filing updates the market on changes in her beneficial ownership of Commerce Bancshares common stock.

Does the Form 4 show any indirect ownership for Paula S. Petersen in CBSH?

Yes, the Form 4 reports 4,932 CBSH shares owned indirectly through a 401(k). These shares are listed as indirect beneficial ownership, separate from her 43,292 directly held shares, reflecting retirement-plan based exposure to Commerce Bancshares stock.