Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 86

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 86
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,000,000 shares of preferred stock, consisting of a maximum of 20,000,000 shares of preferred stock and a maximum of 4,000,000 shares of preference stock, including shares issued or reserved for issuance. As of June 30, 2025, we had 4,600,749 issued and outstanding shares of preferred stock. As of June 30, 2025, there were no shares of preference stock outstanding. The board of directors has the authority to determine or fix the following terms with respect to shares of any series of preferred stock:

| ● |     | the number of shares and designation or title of the shares; |

| ● |     | dividend rights; |

| ● |     | whether and upon what terms the shares will be redeemable; |

| ● |     | the rights of the holders upon our dissolution or upon the distribution of our assets; |

| ● |     | whether and upon what terms the shares will have a purchase, retirement or sinking fund; |

| ● |     | whether and upon what terms the shares will be convertible; |

| ● |     | the voting rights, if any, which will apply; provided, however, that holders of preference stock will not be 
 entitled to more than 1 vote per share; and                                                                  |

| ● |     | any other preferences, rights, limitations or restrictions of the series. |

If we purchase, redeem or convert shares of preferred stock, we will retire and cancel them and restore them to the status of authorized but unissued shares of preferred stock or preference stock, as the case may be. Those shares will not be part of any particular series of preferred stock and may be reissued by us. As described under “Description of Depositary Shares” below, we may elect to offer depositary shares represented by depositary receipts. If we so elect, each depositary share will represent a fractional interest, to be specified in the applicable prospectus supplement, in a share of preferred stock. If we issue depositary shares representing interests in preferred stock, those shares of preferred stock will be deposited with a depositary. 61

Under regulations of the FRB, our preferred stock may be deemed a “class of voting securities” for purposes of the Bank Holding Company Act because the holders of our preferred stock are entitled to vote for the election of directors if we do not pay preferred stock dividends. Any holder of more than 25% of a class of our voting securities, or less than 25% if the