Form 4: Commerce Bancshares Inc /Mo/ President Sells Shares
Insider Transaction (Form 4)
David L Orf, Exec. Vice President & CCO of Commerce Bancshares Inc /Mo/, sold 642 shares of common stock on August 14, 2026 for $60.35 per share.
Summary
- Option exercise/conversion: acquired 1,194 Common Stock at $37.91 ($45,264) on August 14, 2026; holds 26,156 after (Direct).
- Option exercise/conversion: acquired 1,353 Common Stock at $39.14 ($52,959) on August 14, 2026; holds 27,509 after (Direct).
- Tax/exercise-price withholding: disposed of 275 Common Stock at $60.31 ($16,585) on August 14, 2026; holds 27,234 after (Direct).
- Disposition to the issuer: disposed of 1,630 Common Stock at $60.31 ($98,305) on August 14, 2026; holds 25,604 after (Direct).
- Open-market sale: disposed of 642 Common Stock at $60.35 ($38,745) on August 14, 2026; holds 24,962 after (Direct).
- Option exercise/conversion: disposed of 1,194 Stock Appreciation Rights on August 14, 2026 (Direct).
- Option exercise/conversion: disposed of 1,353 Stock Appreciation Rights on August 14, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $38,745 of stock on the open market.
Insider Transactions
David L Orf — Officer (Exec. Vice President & CCO)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-14 | Option exercise/conversion | Common Stock | 1,194 | $38 | $45.3K | 26,156 |
| 2026-08-14 | Option exercise/conversion | Common Stock | 1,353 | $39 | $53.0K | 27,509 |
| 2026-08-14 | Tax/exercise-price withholding | Common Stock | 275 | $60 | $16.6K | 27,234 |
| 2026-08-14 | Disposition to the issuer | Common Stock | 1,630 | $60 | $98.3K | 25,604 |
| 2026-08-14 | Open-market sale | Common Stock | 642 | $60 | $38.7K | 24,962 |
| 2026-08-14 | Option exercise/conversion | Stock Appreciation Rights | 1,194 | — | — | 0 |
| 2026-08-14 | Option exercise/conversion | Stock Appreciation Rights | 1,353 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-14 | Option exercise/conversion (1,194 shares) |
| 2026-08-14 | Option exercise/conversion (1,353 shares) |
| 2026-08-14 | Tax/exercise-price withholding (275 shares) |
| 2026-08-14 | Disposition to the issuer (1,630 shares) |
| 2026-08-14 | Open-market sale (642 shares) |
| 2026-08-14 | Option exercise/conversion (1,194 shares) |
| 2026-08-14 | Option exercise/conversion (1,353 shares) |
Keywords
insider transaction, Form 4, CBSH, COMMERCE BANCSHARES INC /MO/, bearish, David L Orf
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