Wells Fargo (WFC) director adds 965.6653 Phantom Stock Units in 2026 filing

Rhea-AI Filing Summary

Wells Fargo & Company director Steven D. Black reported routine changes in his equity-linked holdings. On 01/01/2026, he acquired 965.6653 Phantom Stock Units, each representing the right to receive one share of Wells Fargo common stock. The units are tied to deferred compensation that can be paid in a lump sum or installments based on the director’s election, and the holding total now stands at 55,250.0604 Phantom Stock Units. The filing notes that his common stock position includes shares acquired through a dividend reinvestment program, reflecting ongoing automatic reinvestment rather than open‑market trading.

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

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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 CA 94105

(City) (State) (Zip)

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)

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

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

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

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

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								139.1873(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)	01/01/2026		A		965.6653		(3)	(3)	Common Stock, $1 2/3 Par Value	965.6653	$93.2	55,250.0604(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	01/05/2026
	** 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.
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FAQ

What insider transaction did Wells Fargo (WFC) report for Steven D. Black?

The filing shows that director Steven D. Black acquired 965.6653 Phantom Stock Units on 01/01/2026, linked to Wells Fargo & Company common stock.

How many Wells Fargo-related Phantom Stock Units does Steven D. Black now hold?

After the reported transaction, Steven D. Black beneficially owns 55,250.0604 Phantom Stock Units tied to Wells Fargo & Company common stock.

What does each Phantom Stock Unit represent for Wells Fargo (WFC)?

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

How and when can the Phantom Stock Units for Wells Fargo (WFC) be paid out?

The Phantom Stock Units are described as deferred compensation shares that are payable in a lump sum or installments, based on the director’s election.

Does the Wells Fargo (WFC) director receive dividend equivalents on Phantom Stock Units?

Yes. The total Phantom Stock Units include dividend equivalents reinvested in additional Phantom Stock Units, as indicated in the explanation of responses.

Are any Wells Fargo (WFC) shares held through a dividend reinvestment program?

Yes. The common stock holdings are stated to include shares acquired under a dividend reinvestment program since the reporting person’s most recent filing.