Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 109

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 109
---
 forth below in this clause (3) apply) in which event the conversion rate will be adjusted based on the following formula: CR 1= CR 0x [SP 0/ (SP 0- FMV)] where,

| CR0 |     | = |     | the conversion rate in effect at the close of business on the record date                                                                                                                                          |
| CR1 |     | = |     | the conversion rate in effect immediately after the record date                                                                                                                                                    |
| SP0 |     | = |     | the current market price as of the record date                                                                                                                                                                     |
| FMV |     | = |     | the fair market value (as determined by our board of directors) on the record date of the shares of capital stock, evidences of indebtedness or assets so distributed, applicable to one share of our common stock |

However, if the transaction that gives rise to an adjustment pursuant to this clause (3) is one pursuant to which the payment of a dividend or other distribution on our common stock consists of shares of capital stock of, or similar equity interests in, one of our subsidiaries or one of our other business units (i.e., a spin-off)that are, or, when issued, will be, traded or quoted on the New York Stock Exchange, the Nasdaq Stock Market or any other national or regional securities exchange or market, then the conversion rate will instead be adjusted based on the following formula: CR 1= CR 0x [(FMV 0+ MP 0) / MP 0] 76

where,

| CR0  |     | = |     | the conversion rate in effect at the close of business on the record date                                                                                                                                                                                       |
| CR1  |     | = |     | the conversion rate in effect immediately after the record date                                                                                                                                                                                                 |
| FMV0 |     | = |     | the average of the volume-weighted average price of the capital stock or similar equity interests distributed to holders of our common stock applicable to one share of our common stock over each of the ten consecutive                                       
 volume-weighted average price trading days commencing on and including the third volume-weighted average price trading day after the date on which “ex-distribution trading” commences for such                                                                 
 dividend or distribution on the New York Stock Exchange or such other national or regional exchange or association or over-the-counter market or if not so traded or                                                                                            
 quoted, the fair market value of the capital stock or similar equity interests distributed to holders of our common