Form 4: Commerce Bancshares EVP Gifts 470 Shares

Commerce Bancshares Executive Vice President Robert S. Holmes reported gifting 470 shares of common stock on September 8, 2025, under a 10b5-1 plan.

Summary

• Robert S. Holmes, an Executive Vice President and Director of Commerce Bancshares Inc. (CBSH), reported a transaction involving the company's common stock.
• On September 8, 2025, Holmes disposed of 470 shares of Common Stock.
• The transaction was classified as a gift (Transaction Code G) with a price of $0 per share.
• Following this transaction, Holmes directly beneficially owns 56,804 shares of Commerce Bancshares Common Stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as a gift transaction, especially under a 10b5-1 plan, typically does not reflect a positive or negative outlook on the company's future performance. It's often for personal financial planning or charitable purposes.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged disposition not based on new material non-public information.

Negatives

• The disposition of shares, even as a gift, reduces the direct ownership stake of a key executive in the company.

Future Outlook

This filing is a report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is specific to Commerce Bancshares and does not directly reflect broader industry trends or competitive dynamics. Insider transactions are a routine part of corporate governance and personal financial planning for executives across various industries.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in direct insider ownership, which is generally not significant enough to impact shareholder confidence or company valuation.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Commerce Bancshares, CBSH, Insider Transaction, Form 4, Stock Gift, Robert S. Holmes, Executive Vice President, Director, 10b5-1 Plan