Michael P. Santomassimo - 05 Feb 2025 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP & CFO
Signature
Michael P. Santomassimo, by Meghan Daly, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
05 Feb 2025
Net transactions value
-$3,202,290
Form type
4
Filing time
07 Feb 2025, 18:02:16 UTC
Previous filing
30 Jan 2025
Next filing
26 Feb 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 +26,475 +8.6% $0.000000 334,183 05 Feb 2025 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $1,074,724 -13,524 -4% $79.47 320,659 05 Feb 2025 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +29,091 +9.1% $0.000000 349,750 05 Feb 2025 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $1,181,044 -14,862 -4.2% $79.47 334,888 05 Feb 2025 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +27,011 +8.1% $0.000000 361,899 05 Feb 2025 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $946,521 -11,910 -3.3% $79.47 349,989 05 Feb 2025 Direct
holding WFC Common Stock, $1 2/3 Par Value 874 05 Feb 2025 Through 401(k) Plan F4
holding WFC Common Stock, $1 2/3 Par Value 1,000 05 Feb 2025 Through Spouse's IRA

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 -26,475 -100% $0.000000 0 05 Feb 2025 Common Stock, $1 2/3 Par Value 26,475 Direct F5, F6
transaction WFC Restricted Share Right Options Exercise $0 -29,091 -50% $0.000000 29,091 05 Feb 2025 Common Stock, $1 2/3 Par Value 29,091 Direct F5, F7
transaction WFC Restricted Share Right Options Exercise $0 -27,011 -33% $0.000000 54,020 05 Feb 2025 Common Stock, $1 2/3 Par Value 27,011 Direct F5, F8
* 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, 2025. 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).
F2 Number of shares represents a RSR vesting on February 5, 2025. 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).
F3 Number of shares represents a RSR vesting on February 5, 2025. Original grant date was January 23, 2024. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2025, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
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 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.
F7 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.
F8 These RSRs vest in three installments: one-third on 2/5/2025, 2/5/2026, and 2/5/2027. 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.