Form 4: Director Acquires CBSH Shares Under 10b5-1 Plan

Commerce Bancshares Director Benjamin F. Rassieur III acquired 696 shares of common stock on November 30, 2025, at $53.91 per share, increasing his direct beneficial ownership to 40,201 shares.

Summary

• Benjamin F. Rassieur III, a Director of Commerce Bancshares Inc. /MO/ (CBSH), acquired 696 shares of the company's common stock.
• The transaction occurred on November 30, 2025, at a price of $53.91 per share.
• This acquisition was made pursuant to a Rule 10b5-1 trading plan, indicating a pre-arranged transaction.
• Following this transaction, Mr. Rassieur directly beneficially owns a total of 40,201 shares of CBSH common stock.

Sentiment

Score: 6

Explanation: A director's purchase of shares, especially under a 10b5-1 plan, is generally a neutral to slightly positive signal of confidence, but not a major event impacting company fundamentals.

Positives

• An insider (Director) acquiring shares can be interpreted as a positive signal, indicating confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1 plan, which demonstrates pre-planned trading and can mitigate concerns about opportunistic insider trading.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing for a financial institution, reflecting an individual director's investment decision rather than a broader industry trend or strategic move by Commerce Bancshares. Insider purchases can sometimes signal confidence within the banking sector, but this specific transaction is small relative to the company's market capitalization.

Related Party Transactions

• Benjamin F. Rassieur III, a Director of Commerce Bancshares Inc., acquired 696 shares of the company's common stock for $53.91 per share.

Stakeholder Impact

• Shareholders may view the director's purchase as a sign of management confidence in the company's future, potentially influencing investor sentiment positively.

Key Dates

Keywords

Commerce Bancshares, CBSH, Insider Trading, Form 4, Stock Acquisition, Director, 10b5-1 Plan, Beneficial Ownership