Wells Fargo director Black acquires stock units

Deferred compensation shares are payable in a lump sum or installments based on the director’s election.

Rhea-AI Filing Summary

Wells Fargo & Company director Steven D. Black acquired 1,152.6480 Phantom Stock Units on October 1, 2026, at a reported price of $80.2500 per unit. Each unit represents the right to receive one share of common stock. His direct balance after the acquisition was 59,565.4382 Phantom Stock Units, including dividend equivalents reinvested, and 141.5710 shares of common stock; the common stock balance includes shares acquired through a dividend reinvestment program since his most recent Form 4.

Insider Trade Summary

Grant/Award: 1,152.648 shares

Grant/Award 2 txns

Insider BLACK STEVEN D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F2, F3, F4	1,152.648	$80.25	$93K
holding	Common Stock, $1 2/3 Par Value F1	--	--	--

Holdings After Transaction: Phantom Stock Units — 59,565.4382 contracts (Direct); Common Stock, $1 2/3 Par Value — 141.571 shares (Direct)

Footnotes (4)

1. F1. Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4.
2. F2. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.
3. F3. Deferred compensation shares payable in a lump sum or installments based upon director's election.
4. F4. Includes dividend equivalents reinvested in additional Phantom Stock Units.

Key Figures

Phantom Stock Units acquired: 1,152.6480 Phantom Stock Units Reported price per unit: $80.2500 per unit Direct Phantom Stock Unit balance: 59,565.4382 Phantom Stock Units +1 more

4 metrics

Phantom Stock Units acquired 1,152.6480 Phantom Stock Units October 1, 2026

Reported price per unit $80.2500 per unit Phantom Stock Unit acquisition on October 1, 2026

Direct Phantom Stock Unit balance 59,565.4382 Phantom Stock Units Following the October 1, 2026 acquisition; includes reinvested dividend equivalents

Direct common stock balance 141.5710 shares October 1, 2026; includes dividend reinvestment program acquisitions since the most recent Form 4

Key Terms

Phantom Stock Units, dividend reinvestment program, Deferred compensation shares, dividend equivalents

4 terms

Phantom Stock Units financial

"Each Phantom Stock Unit represents the right to receive one share"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

dividend reinvestment program financial

"shares acquired under a dividend reinvestment program"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

Deferred compensation shares financial

"Deferred compensation shares payable in a lump sum or installments"

dividend equivalents financial

"Includes dividend equivalents reinvested in additional Phantom Stock Units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WFC phantom stock units did Steven D. Black acquire?

Steven D. Black acquired 1,152.6480 Phantom Stock Units on October 1, 2026, at a reported price of $80.2500 per unit. His direct Phantom Stock Unit balance following the acquisition was 59,565.4382 units, including dividend equivalents reinvested in additional units.

What does a WFC Phantom Stock Unit entitle Steven D. Black to receive?

Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock. The deferred compensation shares are payable in a lump sum or installments, based on the director’s election.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 04:33 PM Accepted by SEC EDGAR 10/05/2026 - 04:32 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BLACK STEVEN D

(Last) (First) (Middle)

333 MARKET STREET

(Street)

SAN FRANCISCO CALIFORNIA 94105

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WELLS FARGO & COMPANY/MN [ WFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $1 2/3 Par Value								141.571(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(2)	10/01/2026		A		1,152.648		(3)	(3)	Common Stock, $1 2/3 Par Value	1,152.648	$80.25	59,565.4382(4)	D

Explanation of Responses:

1. Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4.

2. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.

3. Deferred compensation shares payable in a lump sum or installments based upon director's election.

4. Includes dividend equivalents reinvested in additional Phantom Stock Units.

	Steven D. Black, by Meghan Daly, as Attorney-in-Fact	10/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)