The insider selling cluster is small in dollar terms and lacks a proximate negative catalyst, making it a low-conviction signal. Monitor for any upcoming 8-K or earnings release that could provide context; if no such filing emerges within 30 days, the selling is likely routine and not actionable.
Price Chart
Executive Summary
A cluster of insider selling at Commerce Bancshares (CBSH) over the past week, led by the President & CEO and an Executive Vice President, totaling $766K in open-market sales. While the dollar amount is modest relative to the $8.7B market cap (~0.009%), the involvement of the top two C-suite executives in the same window elevates the signal slightly, though insider sales are generally weak predictors of future returns per academic literature. The selling is not accompanied by any recent material adverse filing, suggesting it may be routine portfolio diversification or tax-related planning rather than a bearish signal on the bank's outlook.
Key Financial Metrics
Key Facts
- President & CEO John W. Kemper sold 5.8K shares for $353K on 2026-07-29
- Executive Vice President Robert S. Holmes sold 5.0K shares for $301K on 2026-07-30
- Total open-market sales across 3 insiders: $766K, representing ~0.009% of $8.7B market cap
- No recent 8-K, earnings, or other material filings from CBSH in the cross-filing context to explain the selling
- Historical performance on CBSH reports shows a 63% win rate at T+20, but prior neutral calls have been mixed with no clear directional bias
Financial Impact
Total insider sales of $766K, immaterial relative to $8.7B market cap
Risk Factors
- Insider sales could precede undisclosed negative news, though no such filing is present in the cross-filing context
- CEO and EVP selling simultaneously may erode investor confidence despite the small dollar amount
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CBSH-1786046485329 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Institutional Cluster | $59.71 $58.51 | ▼ −2.01% | ▼ −0.03% | $55.28 (−7.42%) |
Aug 6, 2026 8w ago | Insider Cluster | $59.13 $58.37 | ▼ −1.29% | ▼ −1.89% | $55.28 (−6.51%) |
Jul 31, 2026 9w ago | Insider Cluster | $59.27 $58.04 | ▼ −2.08% | ▼ −5.06% | $55.28 (−6.73%) |
Jul 30, 2026 9w ago | Insider Cluster | $59.44 $58.05 | ▼ −2.34% | ▼ −6.30% | $55.28 (−7.00%) |
Jul 29, 2026 9w ago | Insider Cluster | $60.33 $58.50 | ▼ −3.03% | ▼ −8.05% | $55.28 (−8.37%) |
Jul 6, 2026 12w ago | 8-K | $58.84 $59.67 | ▲ +1.41% | ▲ +0.08% | $55.28 (−6.05%) |
May 7, 2026 21w ago | 8-K | $52.48 $51.36 | ▼ −2.13% | ▼ −5.27% | $55.28 (+5.34%) |
Apr 28, 2026 22w ago | 8-K | $51.97 $52.41 | ▲ +0.85% | ▼ −4.62% | $55.28 (+6.37%) |
Apr 27, 2026 22w ago | 8-K | $51.97 $52.41 | ▲ +0.85% | ▼ −4.62% | $55.28 (+6.37%) |
Apr 21, 2026 23w ago | 8-K | $50.59 $51.91 | ▲ +2.61% | ▼ −2.31% | $55.28 (+9.27%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access