Ather Williams III - 05 Feb 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: Sr. Executive Vice President
Signature: Ather Williams III, by Robert J. Kaukol, as Attorney-in-Fact
Issuer symbol: WFC
Transactions as of: 05 Feb 2022
Net transactions value: -$4,915,084
Form type: 4
Filing time: 08 Feb 2022, 13:00:00 UTC
Previous filing: 27 Jan 2022
Next filing: 26 Jan 2023
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	+21,536		$0.000000	21,536	05 Feb 2022	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$619,318	-10,994	-51%	$56.33	10,542	05 Feb 2022	Direct
transaction	WFC	Common Stock, $1 2/3 Par Value	Options Exercise	$0	+149,383	+1417%	$0.000000	159,925	05 Feb 2022	Direct	F2
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$4,295,765	-76,261	-48%	$56.33	83,664	05 Feb 2022	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	-21,536	-33%	$0.000000	43,073	05 Feb 2022	Common Stock, $1 2/3 Par Value	21,536		Direct	F3, F4
transaction	WFC	Restricted Share Right	Options Exercise	$0	-149,383	-60%	$0.000000	99,588	05 Feb 2022	Common Stock, $1 2/3 Par Value	149,383		Direct	F3, F5

* 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	Number of shares represents a RSR vesting on February 5, 2022. Original grant date was November 17, 2020. This vesting represents 60% of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3	Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "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.
F5	These RSRs vest in two installments: 60% on 2/5/2022 and 40% on 2/5/2023. 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.