Kleber Santos - 05 Feb 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: Sr. Executive Vice President
Signature: Kleber Santos, by Ryan T. Tollgaard, as Attorney-in-Fact
Issuer symbol: WFC
Transactions as of: 05 Feb 2024
Net transactions value: -$530,065
Form type: 4
Filing time: 07 Feb 2024, 19:24:29 UTC
Previous filing: 25 Jan 2024
Next filing: 30 Jan 2025
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	+7,941	+40%	$0.000000	27,741	05 Feb 2024	Direct	F2
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$193,751	-3,978	-14%	$48.70	23,763	05 Feb 2024	Direct
transaction	WFC	Common Stock, $1 2/3 Par Value	Options Exercise	$0	+13,784	+58%	$0.000000	37,547	05 Feb 2024	Direct	F3
transaction	WFC	Common Stock, $1 2/3 Par Value	Tax liability	$336,314	-6,906	-18%	$48.70	30,641	05 Feb 2024	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						858	05 Feb 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	-7,941	-50%	$0.000000	7,941	05 Feb 2024	Common Stock, $1 2/3 Par Value	7,941		Direct	F4, F5
transaction	WFC	Restricted Share Right	Options Exercise	$0	-13,784	-33%	$0.000000	27,568	05 Feb 2024	Common Stock, $1 2/3 Par Value	13,784		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.