Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 113

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 113
---
 on our liquidation, dissolution or winding up; or                                                                                                                                                                        |

| ● |     | the consummation of a binding share exchange or reclassification involving the Series L preferred stock or a                                                                                                                                       
 merger or consolidation with another entity, except holders of our Series L preferred stock will have no right to vote under this provision or otherwise under Delaware law if, in each case, (i) the Series L preferred stock remains outstanding |

79

| or, in the case of any such merger or consolidation with respect to which we are not the surviving or resulting entity, is converted into or exchanged for preference securities of the surviving                                                    
 or resulting entity or its ultimate parent, and (ii) such Series L preferred stock remaining outstanding or such preference securities, as the case may be, has such rights, preferences, privileges and voting powers, taken as a whole, as are not 
 materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers of the Series L preferred stock, taken as a whole;                                                                                       |

except that any authorization, creation or increase in the authorized amount of or issuance of our Series L preferred stock or any class or series of parity stock or junior stock or any securities convertible into any class or series of parity stock (whether dividends payable in respect of such parity stock are cumulative or non-cumulative)or junior stock will be deemed not to adversely affect the rights, preferences, privileges or voting powers of the holders of the Series L preferred stock, and, notwithstanding any provision of Delaware law, holders of the Series L preferred stock shall have no right to vote thereon. Series U Preferred Stock.Our 5.875% Fixed-to-FloatingRate Non-CumulativePerpetual Class A Preferred Stock, Series U, which we refer to as our “ Series U preferred stock,” 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 U preferred stock, as to payment of dividends and/or distribution of assets upon our liquidation, dissolution or winding up. The Series U preferred stock ranks equally with our Parity Stock (as such term is defined in the certificate of designation for the Series U preferred stock) as to payment of dividends and distribution of assets upon our liquidation, dissolution or winding up. The Series U preferred stock (and Series U depositary shares) will be redeemed on June 16, 2025 (as adjusted due to the occurrence of a non-businessday on June 15