Saul Van Beurden - Feb 5, 2024 Form 4/A Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Saul Van Beurden, by Ryan T. Tollgaard, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 5, 2024
Transactions value $
-$1,458,301
Form type
4/A
Date filed
2/23/2024, 09:01 PM
Date Of Original Report
Feb 7, 2024
Previous filing
Jan 25, 2024
Next filing
Feb 23, 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 +17K +16.99% $0.00 117K Feb 5, 2024 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$424K -8.7K -7.42% $48.70 109K Feb 5, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +21.7K +19.94% $0.00 130K Feb 5, 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$538K -11.1K -8.49% $48.70 119K Feb 5, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +20K +16.73% $0.00 139K Feb 5, 2024 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$496K -10.2K -7.32% $48.70 129K Feb 5, 2024 Direct F4
holding WFC Common Stock, $1 2/3 Par Value 712 Feb 5, 2024 By Child 1
holding WFC Common Stock, $1 2/3 Par Value 712 Feb 5, 2024 By Child 2
holding WFC Common Stock, $1 2/3 Par Value 712 Feb 5, 2024 By Child 3
holding WFC Common Stock, $1 2/3 Par Value 1.24K Feb 5, 2024 Through 401(k) Plan F5

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 -17K -100% $0.00* 0 Feb 5, 2024 Common Stock, $1 2/3 Par Value 17K Direct F6, F7
transaction WFC Restricted Share Right Options Exercise $0 -21.7K -50% $0.00 21.7K Feb 5, 2024 Common Stock, $1 2/3 Par Value 21.7K Direct F6, F8
transaction WFC Restricted Share Right Options Exercise $0 -20K -33.33% $0.00 39.9K Feb 5, 2024 Common Stock, $1 2/3 Par Value 20K Direct F6, F9
* 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, 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).
F2 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).
F3 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).
F4 Due to technical issues, the transactional rows in the initial Form 4 filed on February 7, 2024 were in the incorrect order. This amendment is filed to correct the order of the transactions occurring on February 5, 2024, and reflect the reporting person's correct direct ownership of 129,008.08 following the transactions occurring on such date.
F5 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.
F6 Each RSR represents a contingent right to receive one share of Company common stock.
F7 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.
F8 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.
F9 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.