KEMPER DAVID W 4

What Happened

• David W. Kemper, Executive Chairman and Director of Commerce Bancshares, sold 2,842 shares of CBSH in an open-market transaction on January 30, 2026.
• Sale price was $52.59 per share, for total proceeds of approximately $149,447. This was a disposition (sale), which is often routine insider selling and not necessarily a signal of company outlook.

Key Details

• Transaction date: 2026-01-30; Price: $52.59 per share; Shares sold: 2,842; Total value: ~$149,447.
• Transaction code: S (Sale) — open-market/private sale reported on Form 4.
• Filing date: 2026-02-03; filing was submitted within the typical two-business-day reporting window.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• No 10b5-1 plan, tax-withholding, or other footnotes were indicated in the provided data.

Context

• Sales by executives can be routine (diversification, cash needs, scheduled plans) and do not by themselves prove a change in insider sentiment. Purchases generally carry more informational weight for investors.
• This report documents a straightforward sale of existing shares rather than an option exercise, grant, or gift.