Roller David L. 4

What Happened David L. Roller, Senior Vice President of Commerce Bancshares, received an award of 2,736 shares on 2026-02-03 (recorded as an acquisition/award at $0). The following day, 2026-02-04, he sold 1,134 shares in an open-market transaction at $54.48 per share for proceeds of $61,780. The award is recorded at $0, consistent with a grant/restricted stock award rather than an open-market purchase.

Key Details

• Transactions:
  • 2026-02-03 — Award/Grant (A): 2,736 shares acquired at $0.00 (recorded acquisition).
  • 2026-02-04 — Open-market Sale (S): 1,134 shares disposed at $54.48, proceeds $61,780.
• Shares owned after the reported transactions: Not specified in the provided filing summary.
• Footnotes/plan disclosures: No 10b5-1 plan, tax-withholding, or other footnotes were included in the information provided.
• Filing: Form filed 2026-02-05; based on transaction dates, the filing appears timely (within standard Form 4 reporting windows).
• Transaction codes: A = Award/Grant, S = Sale.

Context An award (A) represents an issuance or grant of shares (not an open-market purchase) and is informational about compensation or incentives rather than a market buy signal. The subsequent open-market sale (S) is a disposition of shares and is commonly routine; the available information does not specify whether the shares sold were from the newly awarded shares or from prior holdings. No option exercises or gifts were reported in this filing.