Insider Cluster (2 insiders) ·Filed Jul 29, 2026

CBSH

COMMERCE BANCSHARES INC /MO/
NEUTRAL
Impact 2/10
Horizonimmediate Processed2mo ago
Insider cluster: 2 insiders, $1.2M total
Actionable Insight • Neutral

The CFO's $1.17M sale is routine and immaterial relative to market cap. No bearish signal — likely part of a 10b5-1 plan or diversification. Monitor next 10-Q for any credit quality deterioration, but this filing alone does not warrant action.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d ⚠ clustered
CBSH ▼ -3.03% at T+20d
NEUTRAL call ✗ call lost -3.03% · α vs SPY -8.05% · entry $60.33 → $58.50
Next anchor: T+60d in 20d
Latest observation: T+44 -8.28% FF3 residual α
Entry anchored
Jul 29, 03:47 PM ET
via exchange tick
T+1d
-1.48%
call -1.48% · α -3.15%
$59.44
settled 2mo ago
T+5d
-1.11%
call -1.11% · α -6.64%
$59.66
settled 8w ago
T+20d
-3.03%
call -3.03% · α -8.05%
$58.50
settled 5w ago
T+60d
—
call — · α —
—
in 20d

Price Chart

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Executive Summary

CFO Charles G. Kim sold $1.17M in open-market shares on July 27, 2026, and also exercised and disposed of derivative shares in a same-day cashless transaction. Senior VP Derrick sold $62K. The CFO's $1.17M sale is the dominant event — at $8.7B market cap, this is ~0.013% of market cap, well below the 0.1% materiality threshold, making it a routine liquidity-driven sale. The derivative exercise and tax withholding are non-cash events with no economic signal. The cluster is not informative per the asymmetric buy/sell calibration: insider sales are weak predictors, and the dollar amount is trivial relative to company size.

Key Financial Metrics

Direction
selling
Total Value
$1.2M
Insiders
2

Key Facts

  • CFO Charles G. Kim sold 19,771 shares open-market for $1.17M at $59.18 on July 27, 2026
  • CFO also exercised 9,662 derivative shares at $36.44 (cashless) and disposed 5,925 shares to issuer at $59.43 — net zero economic impact
  • Senior VP Derrick sold 1,041 shares open-market for $62K at $59.64 on July 28, 2026
  • Total open-market sales: $1.23M, representing ~0.014% of CBSH's $8.7B market cap
  • No insider open-market purchases in the cluster

Financial Impact

Total open-market sales of $1.23M represent ~0.014% of $8.7B market cap — trivial

insider ownership

Risk Factors

  • Insider sales at trivial levels are not predictive; no risk signal from this cluster

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
43% bullish (14 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CBSH-1785382239612
13 reports for CBSH
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for CBSH — sortable, filterable
TypeNow
Aug 14, 2026
7w ago
Institutional Cluster
BULLISH ★ 5/10
$59.71 $58.51▼ −2.01%▼ −0.03%$55.28 (−7.42%)
Aug 6, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$59.13 $58.37▼ −1.29%▼ −1.89%$55.28 (−6.51%)
Jul 31, 2026
9w ago
Insider Cluster
NEUTRAL ★ 3/10
$59.27 $58.04▼ −2.08%▼ −5.06%$55.28 (−6.73%)
Jul 30, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$59.44 $58.05▼ −2.34%▼ −6.30%$55.28 (−7.00%)
Jul 29, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$60.33 $58.50▼ −3.03%▼ −8.05%$55.28 (−8.37%)
Jul 6, 2026
12w ago
8-K
NEUTRAL ★ 2/10
$58.84 $59.67▲ +1.41%▲ +0.08%$55.28 (−6.05%)
May 7, 2026
21w ago
8-K
NEUTRAL ★ 2/10
$52.48 $51.36▼ −2.13%▼ −5.27%$55.28 (+5.34%)
Apr 28, 2026
22w ago
8-K
NEUTRAL ★ 3/10
$51.97 $52.41▲ +0.85%▼ −4.62%$55.28 (+6.37%)
Apr 27, 2026
22w ago
8-K
MIXED ★ 5/10
$51.97 $52.41▲ +0.85%▼ −4.62%$55.28 (+6.37%)
Apr 21, 2026
23w ago
8-K
MIXED ★ 6/10
$50.59 $51.91▲ +2.61%▼ −2.31%$55.28 (+9.27%)
Showing 10 of 13

US Market Status

Market Closed — Opens Mon (64h 10m)

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Report published Jul 30, 2026