KIM CHARLES G 4

What Happened Charles G. Kim, Executive Vice President and Chief Financial Officer of Commerce Bancshares (CBSH), had 2,561 shares disposed as a payment to cover exercise price or tax liability (transaction code F). The shares are reported at $53.23 each, for a total value of $136,322. This was a withholding of shares to satisfy tax/exercise obligations, not an open-market sale.

Key Details

• Transaction date: 2026-02-02; filing date: 2026-02-04 (Form 4).
• Disposed/withheld: 2,561 shares at $53.23 — total value $136,322.
• Transaction code: F — payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: not specified in the provided data.
• Footnote: All stock holding balances in the filing were adjusted to include a 5% stock dividend (record date 12/2/2025; payable 12/16/2025).

Context

• A code F withholding is typically a routine disposition used to cover taxes or option exercise costs; it does not indicate an open-market sale and should be interpreted as administrative rather than a directional bet on the stock.
• Filing was submitted two days after the transaction, consistent with Form 4 timing requirements (no late-filing indication in the report).