Fernando Rivas - Feb 5, 2025 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Fernando S. Rivas, by Meghan Daly, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 5, 2025
Transactions value $
-$3,358,704
Form type
4
Date filed
2/7/2025, 06:05 PM
Previous filing
Jan 30, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +86.5K $0.00 86.5K Feb 5, 2025 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$3.36M -42.3K -48.87% $79.47 44.2K Feb 5, 2025 Direct
holding WFC Preferred Shares, Series BB 39 Feb 5, 2025 By Spouse
holding WFC Preferred Shares, Series EE 100 Feb 5, 2025 By Spouse
holding WFC Preferred Shares, Series U 46 Feb 5, 2025 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WFC Restricted Share Right Options Exercise $0 -86.5K -30% $0.00 202K Feb 5, 2025 Common Stock, $1 2/3 Par Value 86.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2025. Original grant date was June 25, 2024. This vesting represents 30% of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F3 These RSRs vest in three installments: 30% on 2/5/2025, 45% on 2/5/2026, and 25% on 2/5/2027. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy.