Saul Van Beurden - 05 Feb 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
Issuer symbol
WFC
Transactions as of
05 Feb 2024
Net transactions value
-$1,458,301
Form type
4/A
Filing time
23 Feb 2024, 21:01:09 UTC
Date Of Original Report
07 Feb 2024
Previous filing
25 Jan 2024
Next filing
23 Feb 2024
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 +17,043 +17% $0.000000 117,341 05 Feb 2024 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $423,788 -8,702 -7.4% $48.70 108,639 05 Feb 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +21,658 +20% $0.000000 130,297 05 Feb 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $538,445 -11,056 -8.5% $48.70 119,241 05 Feb 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +19,953 +17% $0.000000 139,194 05 Feb 2024 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $496,067 -10,186 -7.3% $48.70 129,008 05 Feb 2024 Direct F4
holding WFC Common Stock, $1 2/3 Par Value 712 05 Feb 2024 By Child 1
holding WFC Common Stock, $1 2/3 Par Value 712 05 Feb 2024 By Child 2
holding WFC Common Stock, $1 2/3 Par Value 712 05 Feb 2024 By Child 3
holding WFC Common Stock, $1 2/3 Par Value 1,241 05 Feb 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 -17,043 -100% $0.000000* 0 05 Feb 2024 Common Stock, $1 2/3 Par Value 17,043 Direct F6, F7
transaction WFC Restricted Share Right Options Exercise $0 -21,658 -50% $0.000000 21,658 05 Feb 2024 Common Stock, $1 2/3 Par Value 21,658 Direct F6, F8
transaction WFC Restricted Share Right Options Exercise $0 -19,953 -33% $0.000000 39,906 05 Feb 2024 Common Stock, $1 2/3 Par Value 19,953 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.