[Form 4] WELLS FARGO & COMPANY/MN Insider Trading Activity

Rhea-AI Filing Summary

SARGENT RONALD reported acquisition or exercise transactions in this Form 4 filing.

Wells Fargo & Company director Ronald Sargent reported a compensation-related grant of Phantom Stock Units tied to the company’s common stock. He received 494.5311 Phantom Stock Units at a reference price of $85.9400 per unit, each representing the right to receive one share of common stock.

The units are described as deferred compensation shares, payable in a lump sum or installments based on the director’s election, and include dividend equivalents reinvested in additional Phantom Stock Units. Following this award, Sargent holds 71,135.2127 Phantom Stock Units and also reports 18,050 shares of common stock held indirectly through a revocable trust, plus 81 shares held directly.

Insights

Equity compensation analyst

Director received a routine phantom stock grant as deferred equity compensation, with no open-market buying or selling.

Ronald Sargent, a director of Wells Fargo & Company, received 494.5311 Phantom Stock Units coded as an acquisition grant (code A). This is equity compensation, not an open-market purchase, so it does not signal a discretionary buy or sell decision.

Each Phantom Stock Unit equals one share of common stock and is part of deferred compensation, payable in a lump sum or installments according to his election. Dividend equivalents are reinvested, which helps the position grow over time in line with company dividends.

After this grant, Sargent holds 71,135.2127 Phantom Stock Units, alongside 18,050 common shares held indirectly through a revocable trust and 81 shares held directly. Relative to these existing holdings, the new grant appears incremental and consistent with ongoing board compensation practices.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SARGENT RONALD

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	494.531	$85.94	$43K
holding	Common Stock, $1 2/3 Par Value	--	--	--
holding	Common Stock, $1 2/3 Par Value	--	--	--

Holdings After Transaction: Phantom Stock Units — 71,135.213 shares (Direct); Common Stock, $1 2/3 Par Value — 81 shares (Direct); Common Stock, $1 2/3 Par Value — 18,050 shares (Indirect, Through Revocable Trust)

Footnotes (1)

1. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock. Deferred compensation shares payable in a lump sum or installments based upon director's election. Includes dividend equivalents reinvested in additional Phantom Stock Units.

Key Figures

Phantom Stock Units granted: 494.5311 units Reference price per unit: $85.9400 per unit Total Phantom Stock Units held: 71,135.2127 units +2 more

5 metrics

Phantom Stock Units granted 494.5311 units Grant coded A on 2026-07-01

Reference price per unit $85.9400 per unit Phantom Stock Units grant valuation

Total Phantom Stock Units held 71,135.2127 units After 2026-07-01 grant

Indirect common shares 18,050 shares Held through revocable trust after 2026-07-01

Direct common shares 81 shares Directly held after 2026-07-01

Key Terms

Phantom Stock Units, Deferred compensation shares, Dividend equivalents, Revocable Trust

4 terms

Phantom Stock Units financial

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

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.

Deferred compensation shares financial

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

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.

Revocable Trust financial

"Indirect ownership of common stock is reported as Through Revocable Trust."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:34 PM Accepted by SEC EDGAR 07/02/2026 - 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^*

SARGENT RONALD

(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)
07/01/2026

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								81	D
Common Stock, $1 2/3 Par Value								18,050	I	Through Revocable Trust

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	(1)	07/01/2026		A		494.5311		(2)	(2)	Common Stock, $1 2/3 Par Value	494.5311	$85.94	71,135.2127(3)	D

Explanation of Responses:

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

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

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

	Ronald Sargent, by Meghan Daly, as Attorney-in-Fact	07/02/2026
	** 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)