Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 132

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 132
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 assets, non-cumulative cash dividends on the liquidation preference amount, which is $25,000
per share of Series BB preferred stock. These dividends accrue (i) at a rate per annum equal to 3.90% from, and including, January 26, 2021 to, but excluding, March 15, 2026 (the “”) and (ii) the
five-year treasury rate as of the most recent reset dividend determination date plus 3.453% for each reset period, from, and including, the first reset date, commencing June 15, 2026 (as each term is defined in the certificate of designation
for the Series BB preferred stock). Dividends will be payable quarterly in arrears on each March 15, June 15, September 15 and December 15. The right of holders of our Series BB preferred stock to receive dividends is non-cumulative. The Series BB preferred stock was issued on January 26, 2021, and the first dividend payment date was March 15, 2021. The calculation agent for the Series BB preferred stock will be
appointed prior to the first reset dividend determination date.

To the extent we declare dividends on the Series BB preferred stock and
on any other Parity Stock but cannot make full payment of those declared dividends, we will allocate the dividend payments on a proportional basis among the holders of shares of Series BB 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 common stock or other securities ranking junior to the Series BB preferred stock or repurchase, redeem or
otherwise acquire for consideration shares of our common stock, other securities ranking junior to the Series BB preferred stock or Parity Stock, subject to certain exceptions, unless the full dividends for the then-current period on all outstanding
shares of Series BB preferred stock have been declared and paid or declared and a sum sufficient for the 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 BB preferred stock, in whole or in part, on any dividend payment date on or after March 15, 2026. In addition, within 90 days of our good faith determination