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Nasdaq · USD

CBSH

COMMERCE BANCSHARES INC /MO/

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Tapewire entity
3630
SEC CIK
0000022356
Parsed reports
1,389

Last 12 months

Inside the activity.

1 purchase rows · 16 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202500
Jan 202601
Feb 202605
Mar 202612
Apr 202600
May 202600
Jun 202601
Jul 202604
Aug 202603
Sep 202600
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
June 16, 2026 Filed Jun 18, 2026 17:40 UTC SaleCommon Stock 200 $55.04 $11,007.00
Disclosure

SEC source: 0000022356-26-000160 · form4.xml · nonDerivative · entry 1

FOWLER JUNE MCALLISTER · CIK 0001925466 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,233

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:35 UTC GrantCommon Stock 790 $52.22 $41,253.80
Disclosure

SEC source: 0000022356-26-000157 · form4.xml · nonDerivative · entry 1

Schnuck Todd R · CIK 0001490102 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,135

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:37 UTC GrantCommon Stock 646 $52.22 $33,734.12
Disclosure

SEC source: 0000022356-26-000158 · form4.xml · nonDerivative · entry 1

TAYLOR CHRISTINE B · CIK 0001925439 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,317

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:34 UTC GrantCommon Stock 646 $52.22 $33,734.12
Disclosure

SEC source: 0000022356-26-000156 · form4.xml · nonDerivative · entry 1

MACIA ALAINA G · CIK 0002095985 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,095

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:32 UTC GrantCommon Stock 646 $52.22 $33,734.12
Disclosure

SEC source: 0000022356-26-000155 · form4.xml · nonDerivative · entry 1

FOWLER JUNE MCALLISTER · CIK 0001925466 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,433

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:31 UTC GrantCommon Stock 718 $52.22 $37,493.96
Disclosure

SEC source: 0000022356-26-000154 · form4.xml · nonDerivative · entry 1

DUNN TIMOTHY S · CIK 0002066897 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,255

F1 · balance_after: Includes 134 shares of common stock directly held by the reporting person that were inadvertently omitted from the original Form 3 filing on May 5, 2025.

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:27 UTC GrantCommon Stock 646 $52.22 $33,734.12
Disclosure

SEC source: 0000022356-26-000152 · form4.xml · nonDerivative · entry 1

CHAPMAN WILLIAM KYLE · CIK 0001930262 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,126

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:29 UTC GrantCommon Stock 886 $52.22 $46,266.92
Disclosure

SEC source: 0000022356-26-000153 · form4.xml · nonDerivative · entry 1

Daniel Karen L · CIK 0001346985 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,305

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:26 UTC GrantCommon Stock 718 $52.22 $37,493.96
Disclosure

SEC source: 0000022356-26-000151 · form4.xml · nonDerivative · entry 1

BRAUER BLACKFORD F · CIK 0001929906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,941

Read SEC document
May 29, 2026 Filed Jun 2, 2026 18:25 UTC GrantCommon Stock 718 $52.22 $37,493.96
Disclosure

SEC source: 0000022356-26-000150 · form4.xml · nonDerivative · entry 1

BASSHAM TERRY D · CIK 0001189512 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,026

Read SEC document
March 24, 2026 Filed Mar 26, 2026 20:54 UTC
KEMPER DAVID WDirector · Executive Chairman
GrantCommon Stock 150 $48.09 $7,213.97
Disclosure

SEC source: 0000022356-26-000118 · form4.xml · nonDerivative · entry 1

KEMPER DAVID W · CIK 0000924750 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Indirect · Exec Comp Plan

Disclosed balance after: 26,306

Read SEC document
March 24, 2026 Filed Mar 26, 2026 19:41 UTC
BARTH KEVIN GExecutive Vice President
GrantCommon Stock 137 $48.09 $6,588.75
Disclosure

SEC source: 0000022356-26-000116 · form4.xml · nonDerivative · entry 1

BARTH KEVIN G · CIK 0001188575 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Indirect · Exec Comp Plan

Disclosed balance after: 24,136

Read SEC document
March 13, 2026 Filed Mar 17, 2026 21:42 UTC PurchaseCommon Stock 2,500 $47.71 $119,275.00
Disclosure

SEC source: 0000022356-26-000112 · form4.xml · nonDerivative · entry 1

DUNN TIMOTHY S · CIK 0002066897 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,403

Read SEC document
March 10, 2026 Filed Mar 11, 2026 17:00 UTC
Petersen Paula SSenior Vice President
GiftCommon Stock 250 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000102 · form4.xml · nonDerivative · entry 1

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,737

Read SEC document
March 05, 2026 Filed Mar 9, 2026 18:56 UTC
JAKOVICH KIM LSenior Vice President
SaleCommon Stock 949 $51.45 $48,826.05
Disclosure

SEC source: 0000022356-26-000100 · form4.xml · nonDerivative · entry 1

JAKOVICH KIM L · CIK 0001925700 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,741

Read SEC document
March 05, 2026 Filed Mar 9, 2026 18:54 UTC
ROWE MARGARET MSenior Vice President
SaleCommon Stock 861 $51.69 $44,500.79
Disclosure

SEC source: 0000022356-26-000098 · form4.xml · nonDerivative · entry 1

ROWE MARGARET M · CIK 0002033226 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,742

Read SEC document
March 04, 2026 Filed Mar 5, 2026 21:01 UTC
ROWE MARGARET MSenior Vice President
Tax withholdingCommon Stock 181 $52.25 $9,457.25
Disclosure

SEC source: 0000022356-26-000096 · form4.xml · nonDerivative · entry 2

ROWE MARGARET M · CIK 0002033226 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,603

Read SEC document
March 04, 2026 Filed Mar 5, 2026 20:52 UTC
JAKOVICH KIM LSenior Vice President
Tax withholdingCommon Stock 176 $52.25 $9,196.00
Disclosure

SEC source: 0000022356-26-000094 · form4.xml · nonDerivative · entry 2

JAKOVICH KIM L · CIK 0001925700 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,690

Read SEC document
March 03, 2026 Filed Mar 4, 2026 21:39 UTC
STEINER PAUL AController
Tax withholdingCommon Stock 203 $51.61 $10,476.83
Disclosure

SEC source: 0000022356-26-000090 · form4.xml · nonDerivative · entry 2

STEINER PAUL A · CIK 0001774502 · Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,894

Read SEC document
March 03, 2026 Filed Mar 5, 2026 21:01 UTC
ROWE MARGARET MSenior Vice President
Tax withholdingCommon Stock 301 $51.61 $15,534.61
Disclosure

SEC source: 0000022356-26-000096 · form4.xml · nonDerivative · entry 1

ROWE MARGARET M · CIK 0002033226 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,784

Read SEC document
March 03, 2026 Filed Mar 5, 2026 20:52 UTC
JAKOVICH KIM LSenior Vice President
Tax withholdingCommon Stock 322 $51.61 $16,618.42
Disclosure

SEC source: 0000022356-26-000094 · form4.xml · nonDerivative · entry 1

JAKOVICH KIM L · CIK 0001925700 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,866

Read SEC document
March 03, 2026 Filed Mar 5, 2026 19:53 UTC
HEISE RICHARD WSenior Vice President
Tax withholdingCommon Stock 701 $51.61 $36,178.61
Disclosure

SEC source: 0000022356-26-000092 · form4.xml · nonDerivative · entry 1

HEISE RICHARD W · CIK 0001925923 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,033

Read SEC document
March 02, 2026 Filed Mar 4, 2026 21:39 UTC
STEINER PAUL AController
GrantCommon Stock 2,415 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000090 · form4.xml · nonDerivative · entry 1

STEINER PAUL A · CIK 0001774502 · Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,097

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:33 UTC GrantCommon Stock 662 $50.99 $33,755.38
Disclosure

SEC source: 0000022356-26-000088 · form4.xml · nonDerivative · entry 1

MACIA ALAINA G · CIK 0002095985 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,449

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:30 UTC GrantCommon Stock 735 $50.99 $37,477.65
Disclosure

SEC source: 0000022356-26-000086 · form4.xml · nonDerivative · entry 1

RASSIEUR BENJAMIN F III · CIK 0001182117 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,946

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:22 UTC GrantCommon Stock 736 $50.99 $37,528.64
Disclosure

SEC source: 0000022356-26-000085 · form4.xml · nonDerivative · entry 1

BRAUER BLACKFORD F · CIK 0001929906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,223

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:20 UTC GrantCommon Stock 809 $50.99 $41,250.91
Disclosure

SEC source: 0000022356-26-000083 · form4.xml · nonDerivative · entry 1

Schnuck Todd R · CIK 0001490102 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,345

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:16 UTC GrantCommon Stock 662 $50.99 $33,755.38
Disclosure

SEC source: 0000022356-26-000081 · form4.xml · nonDerivative · entry 1

TAYLOR CHRISTINE B · CIK 0001925439 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,671

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:14 UTC GrantCommon Stock 662 $50.99 $33,755.38
Disclosure

SEC source: 0000022356-26-000079 · form4.xml · nonDerivative · entry 1

FOWLER JUNE MCALLISTER · CIK 0001925466 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,787

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:11 UTC GrantCommon Stock 736 $50.99 $37,528.64
Disclosure

SEC source: 0000022356-26-000077 · form4.xml · nonDerivative · entry 1

DUNN TIMOTHY S · CIK 0002066897 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,903

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:07 UTC GrantCommon Stock 736 $50.99 $37,528.64
Disclosure

SEC source: 0000022356-26-000075 · form4.xml · nonDerivative · entry 1

BASSHAM TERRY D · CIK 0001189512 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,308

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:05 UTC GrantCommon Stock 662 $50.99 $33,755.38
Disclosure

SEC source: 0000022356-26-000073 · form4.xml · nonDerivative · entry 1

CHAPMAN WILLIAM KYLE · CIK 0001930262 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,480

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 28, 2026 Filed Mar 3, 2026 21:00 UTC GrantCommon Stock 907 $50.99 $46,247.93
Disclosure

SEC source: 0000022356-26-000071 · form4.xml · nonDerivative · entry 1

Daniel Karen L · CIK 0001346985 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,419

Read SEC document
February 11, 2026 Filed Feb 13, 2026 21:23 UTC
Petersen Paula SSenior Vice President
Exercise / conversionStock Appreciation Rights · Derivative 1,957 $0.00 Strike: $26.96 $0.00
Disclosure

SEC source: 0000022356-26-000066 · form4.xml · derivative · entry 5

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,957 shares

Expires 2026-03-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: The stock appreciation right vests in four equal annual installments beginning on March 1, 2017.

Read SEC document
February 11, 2026 Filed Feb 13, 2026 21:23 UTC
Petersen Paula SSenior Vice President
Disposition to issuerCommon Stock 963 $54.80 $52,772.40
Disclosure

SEC source: 0000022356-26-000066 · form4.xml · nonDerivative · entry 3

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,987

Read SEC document
February 11, 2026 Filed Feb 13, 2026 21:23 UTC
Petersen Paula SSenior Vice President
Tax withholdingCommon Stock 299 $54.80 $16,385.20
Disclosure

SEC source: 0000022356-26-000066 · form4.xml · nonDerivative · entry 2

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,950

Read SEC document
February 11, 2026 Filed Feb 13, 2026 21:23 UTC
Petersen Paula SSenior Vice President
Exercise / conversionCommon Stock 1,957 $26.96 $52,754.85
Disclosure

SEC source: 0000022356-26-000066 · form4.xml · nonDerivative · entry 1

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,249

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 11, 2026 Filed Feb 13, 2026 20:56 UTC
BARTH KEVIN GExecutive Vice President
SaleCommon Stock 7,457 $55.09 $410,785.25
Disclosure

SEC source: 0000022356-26-000064 · form4.xml · nonDerivative · entry 1

BARTH KEVIN G · CIK 0001188575 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,745

F1 · price: Sale prices ranged from $55.00 to $55.25.

Read SEC document
February 05, 2026 Filed Feb 9, 2026 20:46 UTC
Kemper John WDirector · President and CEO
SaleCommon Stock 23,397 $53.99 $1,263,299.96
Disclosure

SEC source: 0000022356-26-000060 · form4.xml · nonDerivative · entry 1

Kemper John W · CIK 0001505250 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 206,528

F1 · price: Sale prices ranged from $53.70 to $54.51.

Read SEC document
February 04, 2026 Filed Feb 5, 2026 22:17 UTC
Roller David L.Senior Vice President
SaleCommon Stock 1,134 $54.48 $61,780.32
Disclosure

SEC source: 0000022356-26-000053 · form4.xml · nonDerivative · entry 2

Roller David L. · CIK 0001678327 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,535

Read SEC document
February 04, 2026 Filed Feb 5, 2026 22:00 UTC
Brooks DerrickSenior Vice President
SaleCommon Stock 1,044 $54.40 $56,793.60
Disclosure

SEC source: 0000022356-26-000030 · form4.xml · nonDerivative · entry 2

Brooks Derrick · CIK 0001837554 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,585

Read SEC document
February 03, 2026 Filed Feb 4, 2026 23:18 UTC
Roller David L.Senior Vice President
SaleCommon Stock 2,092 $53.32 $111,553.81
Disclosure

SEC source: 0000022356-26-000026 · form4.xml · nonDerivative · entry 3

Roller David L. · CIK 0001678327 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,933

Read SEC document
February 03, 2026 Filed Feb 4, 2026 23:18 UTC
Roller David L.Senior Vice President
Tax withholdingCommon Stock 488 $53.59 $26,151.92
Disclosure

SEC source: 0000022356-26-000026 · form4.xml · nonDerivative · entry 2

Roller David L. · CIK 0001678327 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,025

Read SEC document
February 03, 2026 Filed Feb 4, 2026 23:12 UTC
Petersen Paula SSenior Vice President
Tax withholdingCommon Stock 405 $53.59 $21,703.95
Disclosure

SEC source: 0000022356-26-000024 · form4.xml · nonDerivative · entry 2

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,493

Read SEC document
February 03, 2026 Filed Feb 5, 2026 22:18 UTC
ROWE MARGARET MSenior Vice President
GrantCommon Stock 1,866 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000055 · form4.xml · nonDerivative · entry 1

ROWE MARGARET M · CIK 0002033226 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,085

F1 · balance_after: All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

Read SEC document
February 03, 2026 Filed Feb 5, 2026 22:17 UTC
Roller David L.Senior Vice President
GrantCommon Stock 2,736 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000053 · form4.xml · nonDerivative · entry 1

Roller David L. · CIK 0001678327 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,669

Read SEC document
February 03, 2026 Filed Feb 5, 2026 22:16 UTC
Petersen Paula SSenior Vice President
GrantCommon Stock 2,799 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000051 · form4.xml · nonDerivative · entry 1

Petersen Paula S · CIK 0001678319 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,292

Read SEC document
February 03, 2026 Filed Feb 5, 2026 22:14 UTC
Orf David LExec. Vice President & CCO
GrantCommon Stock 2,643 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000049 · form4.xml · nonDerivative · entry 1

Orf David L · CIK 0001838452 · Exec. Vice President & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,962

Read SEC document
February 03, 2026 Filed Feb 5, 2026 22:13 UTC
Neff Douglas DSenior Vice President
GrantCommon Stock 1,170 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000047 · form4.xml · nonDerivative · entry 1

Neff Douglas D · CIK 0001766427 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,746

Read SEC document
February 03, 2026 Filed Feb 5, 2026 22:12 UTC
KIM CHARLES GExec. Vice President and CFO
GrantCommon Stock 4,831 $0.00 $0.00
Disclosure

SEC source: 0000022356-26-000045 · form4.xml · nonDerivative · entry 1

KIM CHARLES G · CIK 0001184695 · Exec. Vice President and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,828

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.