Paula S. Petersen - Jan 27, 2025 Form 4 Insider Report for COMMERCE BANCSHARES INC /MO/ (CBSH)

Role: Senior Vice President
Signature: /s/ Paul A. Steiner for Paula S. Petersen
Stock symbol: CBSH
Transactions as of: Jan 27, 2025
Transactions value $: -$29,143
Form type: 4
Date filed: 1/29/2025, 04:30 PM
Previous filing: Nov 15, 2024
Next filing: Jan 30, 2025

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBSH	Common Stock	Options Exercise	$51.5K	+2K	+5.57%	$25.74	37.9K	Jan 27, 2025	Direct	F1
transaction	CBSH	Common Stock	Tax liability	-$29.1K	-435	-1.15%	$66.92	37.5K	Jan 27, 2025	Direct
transaction	CBSH	Common Stock	Disposed to Issuer	-$51.5K	-770	-2.06%	$66.92	36.7K	Jan 27, 2025	Direct
holding	CBSH	Common Stock						4.68K	Jan 27, 2025	401(k)

Showing 1 to 4 of 4 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	-2K	-100%	$0.00	0	Jan 27, 2025	Common Stock	2K	$25.74	Direct	F2

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

Explanation of Responses:

Id	Content
F1	All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/3/2024, payable 12/18/2024.
F2	The stock appreciation right vests in four equal annual installments beginning March 3, 2016.