Derek A. Flowers - Feb 5, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP and Chief Risk Officer
Signature
Derek A. Flowers, by Ryan T. Tollgaard, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 5, 2024
Transactions value $
-$1,028,847
Form type
4
Date filed
2/7/2024, 06:54 PM
Previous filing
Jan 25, 2024
Next filing
Feb 29, 2024

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 +9.54K $0.00 9.54K Feb 5, 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$205K -4.21K -44.11% $48.70 5.33K Feb 5, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +10.7K +199.69% $0.00 16K Feb 5, 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$229K -4.7K -29.39% $48.70 11.3K Feb 5, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +12.7K +112.38% $0.00 24K Feb 5, 2024 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$273K -5.61K -23.39% $48.70 18.4K Feb 5, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +15K +81.89% $0.00 33.4K Feb 5, 2024 Direct F4
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$322K -6.61K -19.79% $48.70 26.8K Feb 5, 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 13.7K Feb 5, 2024 Through 401(k) Plan F1
holding WFC Common Stock, $1 2/3 Par Value 349 Feb 5, 2024 Through Spouse's IRA
holding WFC Common Stock, $1 2/3 Par Value 172K Feb 5, 2024 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 -9.54K -100% $0.00* 0 Feb 5, 2024 Common Stock, $1 2/3 Par Value 9.54K Direct F5, F6
transaction WFC Restricted Share Right Options Exercise $0 -10.7K -100% $0.00* 0 Feb 5, 2024 Common Stock, $1 2/3 Par Value 10.7K Direct F5, F6
transaction WFC Restricted Share Right Options Exercise $0 -12.7K -50% $0.00 12.7K Feb 5, 2024 Common Stock, $1 2/3 Par Value 12.7K Direct F5, F7
transaction WFC Restricted Share Right Options Exercise $0 -15K -33.33% $0.00 30.1K Feb 5, 2024 Common Stock, $1 2/3 Par Value 15K Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2024, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F2 Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2024. Original grant date was January 26, 2021. 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, 2024. 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).
F4 Number of shares represents a RSR vesting on February 5, 2024. 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).
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 2/5/2022, 2/5/2023, and 2/5/2024. 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 2/5/2023, 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.
F8 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.