Bei Ling - Feb 5, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Bei Ling, by Ryan T. Tollgaard, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 5, 2024
Transactions value $
-$295,140
Form type
4
Date filed
2/7/2024, 07:07 PM
Previous 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 +6.56K +20.26% $0.00 39K Feb 5, 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$163K -3.35K -8.6% $48.70 35.6K Feb 5, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +10.7K +30.17% $0.00 46.4K Feb 5, 2024 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$132K -2.71K -5.84% $48.70 43.6K Feb 5, 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 402 Feb 5, 2024 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 -6.56K -50% $0.00 6.56K Feb 5, 2024 Common Stock, $1 2/3 Par Value 6.56K Direct F4, F5
transaction WFC Restricted Share Right Options Exercise $0 -10.7K -33.33% $0.00 21.5K Feb 5, 2024 Common Stock, $1 2/3 Par Value 10.7K Direct F4, F6
* 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 January 31, 2024, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F2 Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2024. 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 Number of shares represents a RSR vesting on February 5, 2024. Original grant date was January 24, 2023. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 Each RSR represents a contingent right to receive one share of Company common stock.
F5 These RSRs vest in three installments: one-third on 2/5/2023, 2/5/2024, and 2/5/2025. 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.
F6 These RSRs vest in three installments: one-third on 2/5/2024, 2/5/2025, and 2/5/2026. 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.