Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 216

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 216
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 number of factors, including the specific terms of the preferred stock (such as any put or call option or redemption provisions, any conversion or exchange features and the price at which the preferred stock is sold). Prospective investors should carefully examine the applicable prospectus supplement and should consult their own tax advisors, regarding the material U.S. federal income tax consequences, if any, of the ownership and disposition of preferred stock based upon their particular circumstances and the terms of the preferred stock. Medicare Tax A U. S. Holder that is an individual or estate, or a trust that does not fall into a special class of trusts that is exempt from such tax, will be subject to a 3.8% tax (the “ Medicare Tax”). For individual U.S. Holders, the Medicare Tax applies on the lesser of (1) the U.S. Holder’s “net investment income” for the relevant taxable year and (2) the excess of the U.S. Holder’s modified adjusted gross income for the taxable year over a certain threshold. A U.S. Holder’s net investment income will generally include its interest and dividend income and net gain from the disposition of the debt securities and common and preferred stock, unless such income and net gain is derived in the ordinary course of the conduct of a trade or business (other than a trade or business that consists of certain passive or trading activities). Net investment income may, however, be reduced by properly 142

allocable deductions to such income. U.S. Holders that are individuals, estates or trusts are urged to consult their tax advisors regarding the applicability of the Medicare tax to their income and gains from the debt securities, common stock and preferred stock. U.S. Federal Income Taxation of Non-U.S.Holders Debt Securities Payments of Interest( including OID). Subject to the discussion below concerning backup withholding and the Foreign Account Tax Compliance Act (“ FATCA”), any payment of principal (premium, if any) and interest (including OID, if any) on the debt securities by us or our paying agent to any Non-U.S.Holder will be exempt from U.S. federal income tax (including withholding tax), provided that:

| ● |     | the Non-U.S. Holder does not own, actually or constructively, 10% or more        
 of the total combined voting power of all classes of our stock entitled to vote; |

| ● |     | the Non-U.S. Holder is not a controlled foreign corporation related,                                                              
 directly or indirectly, to us through stock ownership or a bank receiving