Kristy Fercho - 05 Feb 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Kristy Fercho, by Janet McGinness, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
05 Feb 2023
Net transactions value
-$273,601
Form type
4
Filing time
07 Feb 2023, 13:48:06 UTC
Previous filing
26 Jan 2023
Next filing
11 Oct 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 +8,821 +35% $0.000000 33,837 05 Feb 2023 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $128,904 -2,709 -8% $47.58 31,127 05 Feb 2023 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +6,879 +22% $0.000000 38,007 05 Feb 2023 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $144,697 -3,041 -8% $47.58 34,965 05 Feb 2023 Direct
holding WFC Common Stock, $1 2/3 Par Value 299 05 Feb 2023 Through 401(k) Plan F3

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 -8,821 -50% $0.000000 8,821 05 Feb 2023 Common Stock, $1 2/3 Par Value 8,821 Direct F4, F5
transaction WFC Restricted Share Right Options Exercise $0 -6,879 -33% $0.000000 13,758 05 Feb 2023 Common Stock, $1 2/3 Par Value 6,879 Direct F4, 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 February 5, 2023. 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, 2023. Original grant date was January 25, 2022. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2023, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F4 Each RSR represents a contingent right to receive one share of Company common stock.
F5 These RSRs vest in two remaining installments: one-half on 2/5/2023 and 2/5/2024. Original grant date was 1/26/2021.
F6 These RSRs vest in three installments: one-third on 2/5/2023, 2/5/2024, and 2/5/2025. Original grant date was 1/25/2022.