Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 131

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 131
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 and unpaid dividends, without accumulation of any undeclared dividends. If less than all the Series AA preferred stock is redeemed after December 15, 2025, the
Series AA depositary shares to be redeemed will be selected pro rata, or in any other manner consistent with the rules and policies of the NYSE as the depositary may determine to be fair and equitable.

When the depositary receives notice of any meeting at which the holders of the Series AA preferred stock are entitled to vote, the depositary
will mail, or otherwise transmit by an authorized method, the information contained in the notice and any accompanying proxy material to the record holders of the Series AA depositary shares relating to the Series AA preferred stock. Each record
holder of the Series AA depositary shares on the record date, which will be the same date as the record date for the Series AA preferred stock, may instruct the depositary to vote the amount of the Series AA preferred stock represented by the
holder’s Series AA depositary shares. To the extent possible, the depositary will vote the amount of the Series AA preferred stock represented by the Series AA depositary shares in accordance with the instructions it receives. We will agree to
take all reasonable actions that the depositary determines are necessary to enable the depositary to vote as instructed. If the depositary does not receive specific instructions from the holders of any Series AA depositary shares representing the
Series AA preferred stock, it will not vote the amount of Series AA preferred stock represented by such Series AA depositary shares.

Series BB Preferred Stock.Our 3.90% Fixed Rate Reset Non-Cumulative Perpetual
Class A Preferred Stock, Series BB, which we refer to as our “,” with no par value, ranks senior to our common stock and to any other securities that we may issue in the future that are expressly made
junior to our Series BB preferred stock, as to payment of dividends and/or distribution of assets upon our liquidation, dissolution or winding up. The Series BB preferred stock ranks equally with our Parity Stock (as such term is defined in the
certificate of designation for the Series BB preferred stock) as to payment of dividends and distribution of assets upon our liquidation, dissolution or winding up.

Dividends on shares of our Series BB preferred stock are not mandatory. Holders of our Series BB preferred stock are entitled to receive,
when, as and if declared by our board of directors or any duly authorized

90

committee of our board of directors out of legally available