Lester Owens - 27 Jul 2021 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: Sr. Executive Vice President
Signature: Lester Owens, by Anthony R. Augliera, as Attorney-in-Fact
Issuer symbol: WFC
Transactions as of: 27 Jul 2021
Net transactions value: -$2,054,744
Form type: 4
Filing time: 28 Jul 2021, 16:31:10 UTC
Next filing: 27 Jan 2022
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	+85,674		$0.000000	85,674	27 Jul 2021	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$2,054,744	-45,519	-53%	$45.14	40,155	27 Jul 2021	Direct

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	-85,674	-33%	$0.000000	171,348	27 Jul 2021	Common Stock, $1 2/3 Par Value	85,674		Direct	F2, F3

* 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 7/27/2021. Original grant date was 7/27/2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2	Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F3	These RSRs vest in three installments: one-third on 7/27/2021, 7/27/2022, and 7/27/2023. 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.