COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2022

Apr 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2022-04-21

Reporting Person: Brooks Derrick (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-21	Common Stock	M	354	$54.4477	Acquired	9347	Direct
2022-04-21	Common Stock	F	28	$73.855	Disposed	9319	Direct
2022-04-21	Common Stock	D	261	$73.855	Disposed	9058	Direct
2022-04-21	Common Stock	M	258	$64.9619	Acquired	9316	Direct
2022-04-21	Common Stock	F	9	$73.96	Disposed	9307	Direct
2022-04-21	Common Stock	D	227	$73.96	Disposed	9080	Direct
2022-04-21	Common Stock	S	87	$74.12	Disposed	8993	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-21	Stock Appreciation Rights	$54.4477	M	354	Disposed	2029-03-01	Common Stock (354)	Direct
2022-04-21	Stock Appreciation Rights	$64.9619	M	258	Disposed	2031-02-02	Common Stock (258)	Direct

Footnotes

F1: The stock appreciation right vests in four equal annual installments beginning March 1, 2020.

F2: The stock appreciation right vests in four equal annual installments beginning February 2, 2022.