Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 115

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 115
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 of our board of directors, may redeem, subject to the prior approval of the FRB, the Series U preferred stock, in whole or in part, on any dividend payment date on or after June 15, 2025. In addition, within 90 days of our good faith 80

determination that a Regulatory Capital Treatment Event (as such term is defined in the certificate of designation for the Series U preferred stock), we, at the option of our board of directors
or any duly authorized committee of the board of directors, may, subject to approval of the appropriate federal banking agency, redeem in whole, but not in part, the shares of Series U preferred stock at the time outstanding prior to
June 15, 2025. Any redemption shall be at the redemption price of $25,000 per share plus an amount equal to any dividends that have been declared but not paid to the redemption date without accumulation of any undeclared dividends.

In the event of our voluntary or involuntary liquidation, dissolution or winding up, the holders of our Series U preferred stock are
entitled to receive a liquidating distribution in the amount of $25,000 per share, plus an amount equal to any dividends that have been declared but not yet paid, without accumulation of any undeclared dividends, to the date of liquidation, out of
our assets legally available for distribution to our stockholders, before any distribution is made to holders of our common stock or any securities ranking junior to the Series U preferred stock and subject to the rights of the holders of Parity
Stock or any of our stock ranking senior to the Series U preferred stock as to such distribution and the rights of our depositors and other creditors.

Holders of our Series U preferred stock do not have any voting rights and are not entitled to elect any directors, except as required by law
and except for the voting rights provided for below.

Whenever dividends payable on any shares of Series U preferred stock or any class
or series of Voting Parity Stock (as such term is defined in the certificate of designation for the Series U preferred stock) have not been declared and paid in an aggregate amount equal to, as to any class or series, at least three semi-annual
dividend periods or their equivalent, whether or not for consecutive dividend periods, the holders of our Series U preferred stock, voting together as a class with holders of Voting Parity Stock whose voting rights are exercisable, will be entitled
to vote for the election of two additional directors of our board of