BRANDJORD STEVEN A enters COMMERCE BANCSHARES INC /MO/ with 5.08K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Indirect Derivatives

BRANDJORD STEVEN A

Filed: 5/21/2026ACC: 0000022356-26-000139

InsiderBRANDJORD STEVEN ACIK 2135667

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IssuerCOMMERCE BANCSHARES INC /MO/CIK 22356

Officer· Controller

Since May 2026

5.08K

Baseline shares

84% direct

4.25K

Direct ownership

1 position

1.48K

Derivative underlying

6 instruments

Security positions

832.00 indirect

Non-Derivative Holdings2

Common Stock

Indirect

Shares owned832.00

Common Stock

Direct

Shares owned4.25K

Total

4.25K direct·832.00 indirect5.08K

Security Title	Shares Owned	Ownership Type
Common Stock	832.00	Indirect
Common Stock	4.25K	Direct
Total	5.08K	4.25K direct·832.00 indirect

Derivative Holdings6

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

342.00

Shares owned

N/A

Exercise price

46.0788

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

256.00

Shares owned

N/A

Exercise price

58.8232

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

275.00

Shares owned

N/A

Exercise price

47.093

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

180.00

Shares owned

N/A

Exercise price

58.5372

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

199.00

Shares owned

N/A

Exercise price

61.7333

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

228.00

Shares owned

N/A

Exercise price

56.4604

Expiration

—

Exercise window

—

Total

Underlying

1.48K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Rights Direct	Common Stock	46.0788	—	—	342.00	N/A
Stock Appreciation Rights Direct	Common Stock	58.8232	—	—	256.00	N/A
Stock Appreciation Rights Direct	Common Stock	47.093	—	—	275.00	N/A
Stock Appreciation Rights Direct	Common Stock	58.5372	—	—	180.00	N/A
Stock Appreciation Rights Direct	Common Stock	61.7333	—	—	199.00	N/A
Stock Appreciation Rights Direct	Common Stock	56.4604	—	—	228.00	N/A
Total					1.48K	0.00