Derek A. Flowers - 12 Jun 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: 12 Jun 2022
Net transactions value: -$71,843
Form type: 4
Filing time: 14 Jun 2022, 11:54:51 UTC
Previous filing: 17 Mar 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	+4,032	+18%	$0.000000	26,314	12 Jun 2022	Direct	F1
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$71,843	-1,792	-6.8%	$40.08	24,522	12 Jun 2022	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						11,957	12 Jun 2022	Through 401(k) Plan	F2
holding	WFC	Common Stock, $1 2/3 Par Value						339	12 Jun 2022	Through Spouse's IRA	F3
holding	WFC	Common Stock, $1 2/3 Par Value						116,465	12 Jun 2022	Through Trust	F4
holding	WFC	Preferred Shares, Series L						25	12 Jun 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	-4,032	-100%	$0.000000^*	0	12 Jun 2022	Common Stock, $1 2/3 Par Value	4,032		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.