Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 140

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 140
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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

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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 that a Regulatory Capital Treatment Event
(as such term