KEMPER DAVID W 4

What Happened

• David W. Kemper, Executive Chairman and Director of Commerce Bancshares (CBSH), was issued 4,665 shares as an award/grant on February 3, 2026. The filing shows an acquisition at $0.00 per share (transaction code A), indicating these shares were granted rather than purchased. The reported total cash cost to Mr. Kemper was $0.

Key Details

• Transaction date: 2026-02-03 (reported on Form 4 filed 2026-02-05)
• Transaction type/code: Award/Grant (A)
• Shares acquired: 4,665 at $0.00 per share; reported value $0
• Shares owned after transaction: Not specified in the supplied filing details
• Notable notes: No 10b5-1, tax-withholding, or sale details provided in the report; filing appears timely (filed two days after the transaction date)

Context

• This was an award/grant (commonly part of executive compensation), not an open-market purchase or sale; such grants compensate or retain executives and do not necessarily signal a market buy. The filing does not indicate any immediate sale (cashless exercise) or transfer of the awarded shares.