Derek A. Flowers - Jun 12, 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
Stock symbol: WFC
Transactions as of: Jun 12, 2022
Transactions value $: -$71,843
Form type: 4
Date filed: 6/14/2022, 11:54 AM
Previous filing: Mar 17, 2022
Next filing: Jan 26, 2023

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	+4.03K	+18.1%	$0.00	26.3K	Jun 12, 2022	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	-$71.8K	-1.79K	-6.81%	$40.08	24.5K	Jun 12, 2022	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						12K	Jun 12, 2022	Through 401(k) Plan	F2
holding	WFC	Common Stock, $1 2/3 Par Value						339	Jun 12, 2022	Through Spouse's IRA	F3
holding	WFC	Common Stock, $1 2/3 Par Value						116K	Jun 12, 2022	Through Trust	F4
holding	WFC	Preferred Shares, Series L						25	Jun 12, 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	-4.03K	-100%	$0.00^*	0	Jun 12, 2022	Common Stock, $1 2/3 Par Value	4.03K		Direct	F5, F6

* 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 June 12, 2022. Original grant date was June 12, 2019. 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 May 31, 2022, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F3	Includes 1.224 shares acquired through the Company's dividend reinvestment plan on 6/1/2022.
F4	Includes 643.644 shares acquired through the Company's dividend reinvestment plan on 6/1/2022.
F5	Each RSR represents a contingent right to receive one share of Company common stock.
F6	These RSRs vest in three installments: one-third on 6/12/2020, 6/12/2021, and 6/12/2022. 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.