Director at Commerce Bancshares (NASDAQ: CBSH) receives 662-share stock grant

Rhea-AI Filing Summary

Commerce Bancshares director Alaina G. Macia received a stock grant. She acquired 662 shares of Commerce Bancshares common stock as a grant or award at $50.99 per share, bringing her directly held stake to 1,449 shares. Reported balances reflect a 5% stock dividend adjustment.

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^*

MACIA ALAINA G

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		A		662	A	$50.99	1,449(1)	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:

1. All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

	/s/ By: Paul A. Steiner For: Alaina G. Macia	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did CBSH director Alaina G. Macia report on this Form 4?

Alaina G. Macia reported receiving a grant of 662 shares of Commerce Bancshares common stock. The filing classifies it as a grant, award, or other acquisition, rather than an open-market purchase or sale, indicating additional equity-based compensation.

At what price was the 662-share stock grant to CBSH director Alaina G. Macia recorded?

The 662-share stock grant was recorded at $50.99 per share. This price is used for Form 4 reporting purposes, reflecting the value of the grant or award and helping investors understand the scale of the equity compensation disclosed.

How many Commerce Bancshares (CBSH) shares does Alaina G. Macia hold after this reported grant?

After the reported grant, Alaina G. Macia directly holds 1,449 shares of Commerce Bancshares common stock. This total reflects her position following the 662-share grant and incorporates the company’s disclosed 5% stock dividend adjustment to balances.

How is the 5% stock dividend reflected in the CBSH Form 4 filed by Alaina G. Macia?

The Form 4 notes that all stock holding balances are adjusted for a 5% stock dividend. The record date was December 2, 2025, and the dividend was payable on December 16, 2025, aligning the reported share counts with the post-dividend capitalization.

Does the CBSH Form 4 for Alaina G. Macia indicate a buy or sell of shares on the market?

The filing does not show a market buy or sell; it reports an acquisition via grant or award. The transaction code is “A,” described as a grant, award, or other acquisition, distinguishing it from open-market purchases or dispositions of Commerce Bancshares shares.