Amanda G. Norton - 12 Jul 2021 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: Sr. EVP and Chief Risk Officer
Signature: Amanda G. Norton, by Anthony R. Augliera, as Attorney-in-Fact
Issuer symbol: WFC
Transactions as of: 12 Jul 2021
Net transactions value: -$636,305
Form type: 4
Filing time: 14 Jul 2021, 12:16:27 UTC
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	+30,185	+66%	$0.000000	75,587	12 Jul 2021	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$636,305	-14,409	-19%	$44.16	61,178	12 Jul 2021	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						695	12 Jul 2021	Through 401(k) Plan	F2

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	-30,185	-100%	$0.000000^*	0	12 Jul 2021	Common Stock, $1 2/3 Par Value	30,185		Direct	F3, F4

* 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 7/12/2021. Original grant date was 7/12/2018. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2	Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of June 30, 2021, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F3	Each RSR represents a contingent right to receive one share of Company common stock.
F4	These RSRs vest in three installments: one-third on 7/12/2019, 7/12/2020, and 7/12/2021. 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.