Kristy Fercho - Oct 8, 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Kristy Fercho, by Meghan Daly, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Oct 8, 2023
Transactions value $
-$64,997
Form type
4
Date filed
10/11/2023, 05:15 PM
Previous filing
Feb 7, 2023
Next filing
Jan 25, 2024

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 +3.7K +10.5% $0.00 39K Oct 8, 2023 Direct F2, F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$65K -1.64K -4.2% $39.69 37.3K Oct 8, 2023 Direct
holding WFC Common Stock, $1 2/3 Par Value 304 Oct 8, 2023 Through 401(k) Plan F1

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 -3.7K -100% $0.00* 0 Oct 8, 2023 Common Stock, $1 2/3 Par Value 3.7K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of 9/29/2023, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
F2 Number of shares represents a Restricted Share Right ("RSR") vesting on 10/8/2023. Original grant date was 10/8/2020. This vesting represents 10% of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3 Includes the following shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan: 72.942 shares on 3/1/2023, 55 shares on 3/2/2023, 84.784 shares on 6/1/2023, and 96.216 shares on 9/1/2023.
F4 Each RSR represents a contingent right to receive one share of Company common stock.
F5 These RSRs vest in three installments: 50% on 10/8/2021, 40% on 10/27/2022, and 10% on 10/8/2023. Original grant date was 10/8/2020.

Remarks:

Exhibit 24 - Power of Attorney