Derek A. Flowers - Feb 5, 2025 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP and Chief Risk Officer
Signature
Derek A. Flowers, by Meghan Daly, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 5, 2025
Transactions value $
-$1,575,653
Form type
4
Date filed
2/7/2025, 06:10 PM
Previous filing
Jan 30, 2025
Next filing
Feb 11, 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 +13K +7584.94% $0.00 13.2K Feb 5, 2025 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$455K -5.73K -43.51% $79.47 7.44K Feb 5, 2025 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +15.4K +207.16% $0.00 22.8K Feb 5, 2025 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$539K -6.78K -29.7% $79.47 16.1K Feb 5, 2025 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +20.7K +129.18% $0.00 36.8K Feb 5, 2025 Direct
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$581K -7.31K -19.88% $79.47 29.5K Feb 5, 2025 Direct
holding WFC Common Stock, $1 2/3 Par Value 14.4K Feb 5, 2025 Through 401(k) Plan F4
holding WFC Common Stock, $1 2/3 Par Value 355 Feb 5, 2025 Through Spouse's IRA
holding WFC Common Stock, $1 2/3 Par Value 223K Feb 5, 2025 Through Trust
holding WFC Preferred Shares, Series L 25 Feb 5, 2025 Through Trust

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 -13K -100% $0.00 0 Feb 5, 2025 Common Stock, $1 2/3 Par Value 13K Direct F5, F6
transaction WFC Restricted Share Right Options Exercise $0 -15.4K -50% $0.00 15.4K Feb 5, 2025 Common Stock, $1 2/3 Par Value 15.4K Direct F5, F7
transaction WFC Restricted Share Right Options Exercise $0 -20.7K -33.33% $0.00 41.5K Feb 5, 2025 Common Stock, $1 2/3 Par Value 20.7K Direct F5, F8
* 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 January 25, 2022. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Number of shares represents a RSR vesting on February 5, 2025. Original grant date was January 24, 2023. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3 Number of shares represents a RSR vesting on February 5, 2025. Original grant date was January 23, 2024. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2025, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F5 Each RSR represents a contingent right to receive one share of Company common stock.
F6 These RSRs vest in three installments: one-third on 2/5/2023, 2/5/2024, and 2/5/2025. 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.
F7 These RSRs vest in three installments: one-third on 2/5/2024, 2/5/2025, and 2/5/2026. 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.
F8 These RSRs vest in three installments: one-third on 2/5/2025, 2/5/2026, and 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.