Derek A. Flowers - 05 Feb 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: Sr. EVP and Chief Risk Officer
Signature: Derek A. Flowers, by Robert J. Kaukol, as Attorney-in-Fact
Issuer symbol: WFC
Transactions as of: 05 Feb 2022
Net transactions value: -$479,202
Form type: 4
Filing time: 08 Feb 2022, 11:40:15 UTC
Previous filing: 27 Jan 2022
Next filing: 02 Mar 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	+9,045		$0.000000	9,045	05 Feb 2022	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$226,470	-4,020	-44%	$56.33	5,025	05 Feb 2022	Direct
transaction	WFC	Common Stock, $1 2/3 Par Value	Options Exercise	$0	+10,096	+201%	$0.000000	15,121	05 Feb 2022	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$252,732	-4,487	-30%	$56.33	10,634	05 Feb 2022	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						11,677	05 Feb 2022	Through 401(k) Plan	F2
holding	WFC	Common Stock, $1 2/3 Par Value						337	05 Feb 2022	Through Spouse's IRA
holding	WFC	Common Stock, $1 2/3 Par Value						115,255	05 Feb 2022	Through Trust
holding	WFC	Preferred Shares, Series L						25	05 Feb 2022	Through Trust

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	-9,045	-33%	$0.000000	18,091	05 Feb 2022	Common Stock, $1 2/3 Par Value	9,045		Direct	F3, F4
transaction	WFC	Restricted Share Right	Options Exercise	$0	-10,096	-33%	$0.000000	20,190	05 Feb 2022	Common Stock, $1 2/3 Par Value	10,096		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 February 5, 2022. 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	Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2022, 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 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.