Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 234

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 15
Chunk 234
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 National Mortgage AssociationTLACTotal Loss Absorbing CapacityFRBBoard of Governors of the Federal Reserve SystemVADepartment of Veterans AffairsFVAFunding valuation adjustmentVaRValue-at-RiskGAAPGenerally accepted accounting principlesVIEVariable interest entityGNMAGovernment National Mortgage AssociationWIMWealth and Investment Management

Wells Fargo & Company129

PART II – OTHER INFORMATION

Item 1.    Legal Proceedings

Information in response to this item can be found in Note 10 (Legal Actions) to Financial Statements in this Report which information is incorporated by reference into this item.

Item 1A.    Risk Factors

Information in response to this item can be found under the “Financial Review – Risk Factors” section in this Report which information is incorporated by reference into this item. 

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

The following table shows Company repurchases of its common stock for each calendar month in the quarter ended June 30, 2025. 

Calendar monthTotal numberof sharesrepurchased (1)Weighted averageprice paid per shareApproximate dollarvalue of shares thatmay yet berepurchased underthe authorization(in millions)April29,592,437 $66.60 $41,803 May14,296,659 73.11 40,758 June— — 40,758 Total43,889,096 

(1)All shares were repurchased under an authorization covering up to $30 billion of common stock approved by the Board of Directors and publicly announced by the Company on July 25, 2023. Unless modified or revoked by the Board of Directors, this authorization does not expire. In addition, on April 29, 2025, the Company publicly announced that the Board of Directors authorized the repurchase of up to an additional $40 billion of common stock.

Item 5.    Other Information

Trading Plans

During the quarter ended June 30, 2025, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

130Wells Fargo & Company

Item 6.    Exhibits

A list of exhibits to this Form 10-Q