Lester Owens - Jul 27, 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
Stock symbol: WFC
Transactions as of: Jul 27, 2021
Transactions value $: -$2,054,744
Form type: 4
Date filed: 7/28/2021, 04:31 PM
Next filing: Jan 27, 2022

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	+85.7K		$0.00	85.7K	Jul 27, 2021	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	-$2.05M	-45.5K	-53.13%	$45.14	40.2K	Jul 27, 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	-85.7K	-33.33%	$0.00	171K	Jul 27, 2021	Common Stock, $1 2/3 Par Value	85.7K		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.