COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2024

Nov 15, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2024-11-13

Reporting Person: JAKOVICH KIM L (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-11-13	Common Stock	M	174	$29.72	Acquired	8752	Direct
2024-11-13	Common Stock	M	404	$49.7951	Acquired	9156	Direct
2024-11-13	Common Stock	F	30	$72.675	Disposed	9126	Direct
2024-11-13	Common Stock	F	50	$72.69	Disposed	9076	Direct
2024-11-13	Common Stock	D	72	$72.675	Disposed	9004	Direct
2024-11-13	Common Stock	D	233	$72.69	Disposed	8771	Direct
2024-11-13	Common Stock	S	193	$72.615	Disposed	8578	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-11-13	Stock Appreciation Rights	$29.72	M	174	Disposed	2026-03-01	Common Stock (174)	Direct
2024-11-13	Stock Appreciation Rights	$41.7951	M	404	Disposed	2027-03-02	Common Stock (404)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1287	Indirect

Footnotes

F1: The stock appreciation right vests in four equal annual installments beginning March 1, 2017.

F2: The stock appreciation right vests in four equal annual installments beginning March 2, 2018.