Commerce Bancshares (CBSH) Senior VP Brooks Derrick Sells Shares

What Happened
Brooks Derrick, Senior Vice President of Commerce Bancshares (CBSH), sold a total of 1,468 shares across two transactions tied to an option event. On 2026-07-27 he disposed of 427 shares at $59.00 per share ($25,193) to satisfy exercise price or tax withholding (transaction code F). On 2026-07-28 he sold 1,041 shares in an open-market sale at $59.63 per share for approximately $62,080 (transaction code S). Total proceeds reported across both disposals were about $87,273. These were sales (not buys).

Key Details

• Transaction dates and prices:
  • 2026-07-27: 427 shares @ $59.00 — $25,193 (code F: payment of exercise price/tax liability)
  • 2026-07-28: 1,041 shares @ $59.63 — $62,080 (code S: open-market sale)
• Combined shares disposed: 1,468; combined proceeds: ~$87,273.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• No 10b5-1 plan or other selling plan is noted in the provided details.
• Filing: Form 4 filed 2026-07-29; this appears to be filed within the standard two-business-day window (timely).

Context
The 427-share disposition labeled with code F typically reflects shares withheld or tendered to cover the exercise price or tax withholding when options are exercised (a common, administrative step). The separate open-market sale of 1,041 shares is a routine sale of already‑issued shares. Sales by insiders can be for many reasons (taxes, diversification, liquidity) and are not by themselves a clear signal about company prospects.