Wells Fargo exec reports redemption of preferred shares

Wells Fargo & Company (WFC) senior executive Fernando Rivas reported a restructuring transaction involving preferred stock held indirectly through his spouse.

Rhea-AI Filing Summary

Wells Fargo & Company (WFC) senior executive Fernando Rivas reported a restructuring transaction involving preferred stock held indirectly through his spouse. Depository shares representing Wells Fargo 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, were called for redemption by the issuer at their face value of $1,000 per share, resulting in the redemption of 39 depository shares and leaving no remaining holdings in this Series BB security.

After this activity, Rivas continues to hold 121,515.051 shares of Wells Fargo common stock directly and 100 preferred shares of Series EE indirectly through his spouse.

Insider Trade Summary

Other: 39 shares

Other 3 txns

Insider Rivas Fernando

Role Sr. Executive Vice President

Type	Security	Shares	Price	Value
Other	Preferred Shares, Series BB	39	$1,000.00	$39K
holding	Common Stock, $1 2/3 Par Value	--	--	--
holding	Preferred Shares, Series EE	--	--	--

Holdings After Transaction: Preferred Shares, Series BB — 0 shares (Indirect, By Spouse); Common Stock, $1 2/3 Par Value — 121,515.051 shares (Direct); Preferred Shares, Series EE — 100 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Depository shares, each representing a 1/25th interest in a share of Wells Fargo & Company 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, were called for redemption by the issuer at a price equal to their face value.

FAQ

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

What insider transaction did Wells Fargo (WFC) executive Fernando Rivas report?

Fernando Rivas reported a restructuring-type transaction where 39 depository shares of Wells Fargo 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, held indirectly through his spouse, were redeemed at face value by the issuer, reducing that particular preferred holding to zero.

What happened to the Wells Fargo Series BB preferred depository shares in this Form 4?

Depository shares representing Wells Fargo’s 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, were called for redemption by the company at their face value of $1,000 per share, resulting in the redemption of 39 depository shares indirectly held through Fernando Rivas’s spouse.

How many Wells Fargo common shares does Fernando Rivas hold after this filing?

Following the reported transactions, Fernando Rivas holds 121,515.051 shares of Wells Fargo common stock directly. This figure reflects his ongoing equity position in the company’s common stock and is separate from any preferred stock positions reported in the same filing.

What preferred stock holdings does Fernando Rivas report after the Series BB redemption?

After the redemption of 39 Series BB depository shares, Fernando Rivas reports no remaining holdings in that Series BB security. He continues to report indirect ownership, through his spouse, of 100 preferred shares of Wells Fargo’s Series EE preferred stock.

How is the spouse’s ownership reflected in this Wells Fargo Form 4 for Fernando Rivas?

The filing identifies certain preferred holdings as indirect, noted as “By Spouse.” The 39 Series BB depository shares redeemed at $1,000 per share and the remaining 100 Series EE preferred shares are both reported as indirectly owned through Rivas’s spouse, rather than held directly.

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

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Accepted by SEC EDGAR 03/17/2026 - 04:37 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^*

Rivas Fernando

(Last) (First) (Middle)

30 HUDSON YARDS

(Street)

NEW YORK NY 10001

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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
Preferred Shares, Series BB	03/16/2026		J(1)		39	D	$1,000	0	I	By Spouse
Common Stock, $1 2/3 Par Value								121,515.051	D
Preferred Shares, Series EE								100	I	By Spouse

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

Explanation of Responses:

1. Depository shares, each representing a 1/25th interest in a share of Wells Fargo & Company 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, were called for redemption by the issuer at a price equal to their face value.

	Fernando S. Rivas, by Meghan Daly, as Attorney-in-Fact	03/17/2026
	** 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.