Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 109

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 109
---
 stock of shares of our capital stock (other than common stock) or evidences of our indebtedness or our assets (excluding any dividend, distribution or issuance covered by clauses (1) or (2) above or (4) below, any dividend or distribution in connection with a transaction constituting a reorganization event or any spin-offto which the provisions set 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 |

76

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] 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