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

Feb 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2022-02-02

Reporting Person: Neff Douglas D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-02	Common Stock	A	992	—	Acquired	6749	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-02	Stock Appreciation Rights	$69.57	A	2043	Acquired	2032-02-02	Common Stock (2043)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	543	Indirect

Footnotes

F1: All stock holding balances adjusted to include a 5% stock dividend. Record date 12/2/2021, payable 12/17/2021.

F2: The stock appreciation right vests in four equal annual installments beginning February 2, 2023.