Holmes Robert S 4

What Happened

• Robert S. Holmes, Executive Vice President of Commerce Bancshares (CBSH), had 2,289 shares disposed to satisfy a tax obligation tied to an option exercise. The shares were disposed at $53.23 each for proceeds of $121,843. This was a tax-withholding sale (routine) rather than an open-market investment sell-off.

Key Details

• Transaction date: 2026-02-02
• Price per share: $53.23
• Shares disposed: 2,289; Total value: $121,843
• Transaction code: F — payment of exercise price or tax liability (shares withheld/sold to cover taxes)
• Footnote: All stock holding balances were adjusted to reflect a 5% stock dividend (record date 12/2/2025, payable 12/16/2025)
• Shares owned after transaction: not specified in the provided filing summary
• Filing timeliness: Reported on 2026-02-04 for a 2026-02-02 transaction (appears timely)

Context

• Code F typically indicates shares were surrendered/withheld to cover tax withholding from an option exercise (a common, routine administrative action). This kind of disposal usually reflects tax settlement rather than a directional trading decision by the insider.