{"schema_version":"secwatch.filing_event.v1","accession":"0000022356-26-000125","form_type":"8-K","ticker":"CBSH","cik":"0000022356","company_name":"COMMERCE BANCSHARES INC /MO/","filed_at":"2026-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.517527+00:00","generated_at":"2026-05-15T04:05:51.825574+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"Commerce Bancshares tenders 411,723 Visa Class B-2 shares; expects significant gain in Q2 2026","bullets":["Tendered all 411,723 Visa Class B-2 shares held at zero value in Visa's exchange offer.","If accepted in Q2 2026, expects significant gain based on Class C conversion privilege and Visa Class A price.","May also reposition AFS debt securities portfolio, potentially incurring a significant loss in Q2 2026.","Timing and amount of any loss depend on market conditions and the Visa gain recognized."],"urls":{"canonical":"https://secwatch.observer/filing/0000022356-26-000125","json":"https://secwatch.observer/filing/0000022356-26-000125.json","markdown":"https://secwatch.observer/filing/0000022356-26-000125.md","text":"https://secwatch.observer/filing/0000022356-26-000125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/22356/000002235626000125/0000022356-26-000125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22356/000002235626000125/cbsh-20260427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:05:51.825574+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}