ORF DAVID L

PrivateCIK: 1838452
Location

KANSAS CITY, MO

ORF DAVID L (Exec. Vice President & CCO) sold 2.5% of their position (642.00 shares) of COMMERCE BANCSHARES INC /MO/ on the open market

Open‑market sale worth $38.7K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale
InsiderORF DAVID LCIK 1838452
Officer· Exec. Vice President & CCO
Since Jan 2021
-2.55K
Net shares
Net seller
$153.6K
Total sold
1
Open market trades
0B · 1S
7
Total transactions
2.55K acquired · 5.09K disposed
Non-Derivative Transactions5

Common Stock

Direct
M · Option Exercise

Shares

+1.19K

Price / share

$37.91

Trade value

$45.26K

% of position

4.8%
8/14/2026
24.96K26.16K

Common Stock

Direct
M · Option Exercise

Shares

+1.35K

Price / share

$39.14

Trade value

$52.96K

% of position

5.2%
8/14/2026
26.16K27.51K

Common Stock

Direct
F · Tax Withholding

Shares

275.00

Price / share

$60.31

Trade value

$16.59K

% of position

1.0%
8/14/2026
27.51K27.23K

Common Stock

Direct
D · Disposition

Shares

1.63K

Price / share

$60.31

Trade value

$98.31K

% of position

6.0%
8/14/2026
27.23K25.60K

Common Stock

Direct
S · Sale

Shares

642.00

Price / share

$60.35

Trade value

$38.74K

% of position

2.5%
8/14/2026
25.60K24.96K
Total

Net shares

+0.00

Net value

-$55.41K

Derivative Transactions2

Stock Appreciation Rights

Direct
M · Option Exercise
Converts to

Common Stock

1.19K shares

Shares

1.19K

Strike price

37.9094

Held after

0.00

Exercisable

8/14/2026

Stock Appreciation Rights

Direct
M · Option Exercise
Converts to

Common Stock

1.35K shares

Shares

1.35K

Strike price

39.1416

Held after

0.00

Exercisable

8/14/2026
Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect
Shares owned24.98K
Total
24.98K indirect24.98K
Derivative Holdings (Post-Transaction)0
No derivative holdings reported