Jonathan M. Kemper - Jan 27, 2023 Form 4 Insider Report for COMMERCE BANCSHARES INC /MO/ (CBSH)

Role: Director
Signature: By: Paul A. Steiner For: Jonathan M. Kemper
Stock symbol: CBSH
Transactions as of: Jan 27, 2023
Transactions value $: -$337,543
Form type: 4
Date filed: 3/13/2023, 12:22 PM
Previous filing: Dec 20, 2022
Next filing: Mar 29, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBSH	Common Stock	Gift	$0	-39	-0.11%	$0.00	36.6K	Jan 27, 2023	Nicolas Kemper Trust
transaction	CBSH	Common Stock	Options Exercise	$676K	+28.2K	+2.98%	$23.96	977K	Mar 9, 2023	Direct
transaction	CBSH	Common Stock	Tax liability	-$338K	-5.47K	-0.56%	$61.66	971K	Mar 9, 2023	Direct
transaction	CBSH	Common Stock	Disposed to Issuer	-$676K	-11K	-1.13%	$61.66	960K	Mar 9, 2023	Direct
holding	CBSH	Common Stock						70.6K	Jan 27, 2023	401(k)
holding	CBSH	Common Stock						20.5K	Jan 27, 2023	Charlotte Kemper Irrev Trust
holding	CBSH	Common Stock						11.1K	Jan 27, 2023	David BR Kemper Irrev Trust
holding	CBSH	Common Stock						179K	Jan 27, 2023	Exec Comp Plan
holding	CBSH	Common Stock						43.4K	Jan 27, 2023	Irrev Trust For Self
holding	CBSH	Common Stock						7.64K	Jan 27, 2023	Nicolas Kemper Irrev Trust
holding	CBSH	Common Stock						245K	Jan 27, 2023	Tower Properties Co

Showing 1 to 11 of 11 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CBSH	Stock Appreciation Rights	Options Exercise	$0	-28.2K	-100%	$0.00^*	0	Mar 9, 2023	Common Stock	28.2K	$23.96	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This stock appreciation right vests in four equal annual installments beginning on April 17, 2014.