CBSH

Commerce Bancshares INC

One filing signal, as this feed published it.

CBSH Commerce Bancshares INC BEARISH conviction 1

2026-07-29: Kemper John W (Director, President and CEO) — EXERCISE-AND-SELL (option exercise, not a position reduction) — $353.2K of CBSH (open-market, Form 4, code S) [exercise-and-sell: sold 5,830 sh, all of them exercised the same day at $39.90 vs a $60.58 avg sale — the $232.6K strike was settled in shares returned to the issuer (code D), not in cash, so $353.2K gross is $353.2K of cash; the other 20,556 went back to the issuer — 3,783 withheld for the exercise price or the tax (code F) and 16,773 returned under Rule 16b-3(e) (code D) — nothing was kept, every share exercised was sold, withheld or returned] [CORRECTION 2026-08-29: round 8 — arithmetic-reconciliation (a strike settled in shares, billed again). the row claimed "$232.6K cost to acquire, $120.6K net" — the filing settles the strike in shares returned to the issuer, so no cash was paid for them (cash from the sale is $353.2K, not $120.6K). Re-derived from the filing under the fixed parser and re-checked against it claim by claim. Original text in signal_events]

Trade date
2026-07-29
Filed
2026-07-30
Flagged
2026-07-31

SEC Form 4 on EDGAR permalink 0000022356-26-000185

Everything sibyl flagged on 2026-07-31

What these fields mean

Direction
Direction (BULLISH/BEARISH) classifies the event, not the price. It is not a forecast, and no scout's direction has been validated as predictive.
Conviction
Confidence is a heuristic conviction score, not a calibrated probability. On a single filing it is the scout's own 1-5 grade; on a row that rolls several filings together it is their SUM and has no ceiling, so it can read above 5. The stored number is published as it stands — never clamped, never hidden.
Dates
Dates are rendered exactly as filed. A sibyl row leads with the TRADE date the Form 4 reports; a pelosi row shows the member's trade date and the date the disclosure was filed, which are rarely the same day. "Flagged" is the day this feed first published the row.
Backfilled rows
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Sources
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