Form 4 Filing for Jennifer B. Upton

Jennifer B. Upton, Senior Vice President of COMMERCE BANCSHARES INC /MO/, reported several transactions on September 4, 2026. These include the acquisition of 220 shares of Common Stock at prices of $37.9095 and $39.1416, and the disposal of 23 shares at $58.51 and 21 shares at $58.52. Additionally, there were disposals of 143 shares at $58.51 and 148 shares at $58.52. The filing also notes the disposal of Stock Appreciation Rights, with 220 shares vesting under two separate plans, vesting in installments starting March 2, 2018, and March 1, 2019. Post-transaction, Upton holds 1735 shares of Common Stock directly.