Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 145

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 145
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, the depositary will distribute property
received by it to the holders of record of the Series BB depositary shares in proportion to the number of Series BB depositary shares held by each holder, unless the depositary determines that it is not feasible to make such distribution, in which
case the depositary may, with our approval, adopt a method of distribution that it deems practicable, including the sale of such property and distribution of the net proceeds from such sale to such holders.

Record dates for the payment of dividends and other matters relating to the Series BB depositary shares are the same as the corresponding
record dates for the Series BB preferred stock.

The amounts distributed to holders of the Series BB depositary shares will be reduced by
any amounts required to be withheld by the depositary or by us on account of taxes or other governmental charges.

If the Series BB
preferred stock underlying the Series BB depositary shares is redeemed (i) after March 15, 2026, in whole or in part, or (ii) prior to March 15, 2026, in whole, but not in part, due to the occurrence of a Regulatory Capital
Treatment Event, Series BB depositary shares will be redeemed with the proceeds received by the depositary from the redemption of the Series BB preferred stock held by the depositary. The redemption price per Series BB depositary share will be equal
to 1/25th of the applicable redemption price per share payable with respect to such Series BB preferred stock (or $1,000 per Series BB depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any
undeclared dividends. If less than all the Series BB preferred stock is redeemed after March 15, 2026, the Series BB depositary shares to be redeemed will be selected pro rata, or in any other manner the depositary may determine to be fair and
equitable.

When the depositary receives notice of any meeting at which the holders of the Series BB preferred stock are entitled to
vote, the depositary will mail, or otherwise transmit by an authorized method, the information contained in the notice and any accompanying proxy material to the record holders of the Series BB

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depositary shares relating to the Series BB preferred stock. Each record holder of the Series BB depositary shares on the record date, which will be the same date as the record date for the
Series BB preferred stock, may instruct the depositary to vote the amount of the Series BB preferred stock