Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 90

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 90
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 series may provide that the preferred stock will automatically and mandatorily be converted into that capital stock. If fewer than all of the outstanding shares of any series of the preferred stock are to be redeemed, our board of directors will determine the number of shares to be redeemed. We will redeem the shares pro rata from the holders of record in proportion to the number of shares held by them, with adjustments to avoid redemption of fractional shares. Even though the terms of a series of preferred stock may permit redemption of all or a part of the preferred stock, if any dividends, including accumulated dividends, on that series are past due:

| ● |     | we will not redeem any preferred stock of that series unless we simultaneously redeem all outstanding preferred 
 stock of that series; and                                                                                       |

| ● |     | we will not purchase or otherwise acquire any preferred stock of that series. |

The prohibition discussed in the prior sentence will not prohibit us from purchasing or acquiring preferred stock of that series under a purchase or exchange offer if we make the offer on the same terms to all holders of that series. Unless the applicable prospectus supplement specifies otherwise, we will give notice of a redemption by mailing a notice to each record holder of the shares to be redeemed, between 30 to 60 days prior to the date fixed for redemption, unless we issue depositary shares representing interests in shares of preferred stock, in which case we will send a notice to the depositary between 40 to 70 days prior to the date fixed for redemption. We will mail the notices to the holders’ addresses as they appear on our stock records. Each notice will state:

| ● |     | the redemption date; |

| ● |     | the number of shares and the series of the preferred stock to be redeemed; |

| ● |     | the redemption price; |

| ● |     | the place or places where holders can surrender the certificates for the preferred stock for payment of the 
 redemption price;                                                                                           |

| ● |     | that dividends on the shares to be redeemed will cease to accrue on the redemption date; and |

| ● |     | the date when the holders’ conversion rights, if any, will terminate. |

If we redeem fewer than all shares of any series of the preferred stock held by any holder, we will also specify the number of shares to be redeemed from the holder in the notice. 64

If we have given notice of the redemption and have provided the funds for the payment of the redemption price, then beginning on the redemption