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

Rhea-AI Filing Summary

Wells Fargo & Company granted Sr. Executive Vice President Ling Bei 29,591 Restricted Share Rights (RSRs) on January 27, 2026, each representing a contingent right to receive one share of common stock at a price of $0 per right.

The RSRs vest in three equal installments on February 5, 2027, February 5, 2028, and February 5, 2029, and are subject to Wells Fargo’s stock ownership policy, which requires the executive to hold company shares during employment and for one year after retirement. Following this award, Ling Bei beneficially owned 74,912.1173 shares of common stock directly, plus 407.45 share equivalents indirectly through the 401(k) ESOP fund as of December 31, 2025.

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^*

Ling Bei

(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)
01/27/2026

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								74,912.1173(1)	D
Common Stock, $1 2/3 Par Value								407.45(2)	I	Through 401(k) Plan

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
Restricted Share Right	(3)	01/27/2026		A		29,591		(4)	(4)	Common Stock, $1 2/3 Par Value	29,591	$0	29,591	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. Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of December 31, 2025, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.

3. Each Restricted Share Right ("RSR") represents a contingent right to receive one share of Company common stock.

4. These RSRs vest in three installments: one-third on 2/5/2027, 2/5/2028, and 2/5/2029. 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.

Remarks:

Exhibit 24 - Power of Attorney

	Bei Ling, by Meghan Daly, as Attorney-in-Fact	01/29/2026
	** 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.

FAQ

What insider transaction did WFC executive Ling Bei report on this Form 4?

Ling Bei reported receiving 29,591 Restricted Share Rights (RSRs) from Wells Fargo & Company on January 27, 2026. Each RSR represents a contingent right to receive one share of Wells Fargo common stock at no purchase price, as part of executive equity compensation.

How do the 29,591 Restricted Share Rights for WFC’s Ling Bei vest?

The 29,591 Restricted Share Rights vest in three equal installments on February 5, 2027, February 5, 2028, and February 5, 2029. Vesting is tied to continued employment and Wells Fargo’s stock ownership policy requiring ongoing share holding by the executive.

How many Wells Fargo (WFC) shares does Ling Bei own after this transaction?

After the reported award, Ling Bei beneficially owns 74,912.1173 Wells Fargo common shares directly and 407.45 share equivalents indirectly through the company’s 401(k) ESOP fund, based on plan units as of December 31, 2025.

What does each Restricted Share Right mean for WFC executive Ling Bei?

Each Restricted Share Right represents a contingent right to receive one share of Wells Fargo common stock. The rights convert into shares only upon vesting, creating potential future ownership without an exercise price, subject to service and holding requirements.

What holding requirements apply to Ling Bei’s WFC stock awards?

As a condition of receiving the Restricted Share Rights, Ling Bei agreed to hold Wells Fargo common stock while employed and for one year after retirement. This aligns with the company’s stock ownership policy for senior executives to maintain a meaningful equity stake.

How are Ling Bei’s 401(k) Wells Fargo (WFC) holdings reported?

The filing reports 407.45 share equivalents held indirectly through the Wells Fargo ESOP Fund in the 401(k) Plan. This figure reflects units in the fund as of December 31, 2025, assuming all investable cash equivalents were fully invested in Wells Fargo common stock.