Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 152

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 152
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 of shares of Series EE preferred stock and the holders of any Parity Stock then outstanding where the terms of such Parity Stock provide similar
dividend rights. No interest will be payable in respect of any dividend payment that may be in arrears.

We cannot pay dividends on our
securities ranking junior to the Series EE preferred stock or repurchase, redeem or otherwise acquire for consideration shares of our securities ranking junior to the Series EE preferred stock or Parity Stock, subject to certain exceptions, unless
full dividends on all outstanding shares of Series EE preferred stock for the dividend period ending on or immediately prior to the dividend payment date or other payment date for such securities or Parity Stock have been declared and paid or
declared and a sum sufficient for payment of those dividends has been set aside.

We, at the option of our board of directors or any duly
authorized committee of our board of directors, may redeem, subject to the prior approval of the FRB, the Series EE preferred stock, in whole or in part, on any dividend payment date on or after September 15, 2028. In addition, within 90 days
of our good faith determination that a Regulatory Capital Treatment Event (as such term is defined in the certificate of designation for the Series EE preferred stock), we, at the option of our board of directors or any duly authorized committee of
the board of directors, may, subject to approval of the appropriate federal banking agency, redeem in whole, but not in part, the shares of Series EE preferred stock at the time outstanding prior to September 15, 2028. Any redemption shall be
at the redemption price of $25,000 per share plus an amount equal to any dividends that have been declared but not paid to the redemption date without accumulation of any undeclared dividends.

In the event of our voluntary or involuntary liquidation, dissolution or winding up, the holders of our Series EE preferred stock are
entitled to receive a liquidating distribution in the amount of $25,000 per share, plus an amount equal to any dividends that have been declared but not yet paid, without accumulation of any undeclared dividends, to the date of liquidation, out of
our assets legally available for distribution to our stockholders, before any distribution is made to holders of our securities ranking junior to the Series EE preferred stock and subject to the rights of the holders of Parity Stock or any of our
stock ranking senior to the Series EE preferred stock as to such distribution and the rights of our depositors