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

Signature
Amanda G. Norton, by Anthony R. Augliera, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Jul 12, 2021
Transactions value $
-$636,305
Form type
4
Date filed
7/14/2021, 12:16 PM

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 +30.2K +66.48% $0.00 75.6K Jul 12, 2021 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$636K -14.4K -19.06% $44.16 61.2K Jul 12, 2021 Direct
holding WFC Common Stock, $1 2/3 Par Value 695 Jul 12, 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 -30.2K -100% $0.00* 0 Jul 12, 2021 Common Stock, $1 2/3 Par Value 30.2K 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.