Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 119

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 119
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 deposited with a DTC nominee. Each beneficial holder must rely
on the procedures of DTC and if the Series U depositary shares are held through a broker or financial institution nominee, the beneficial holder must rely on the procedures of such broker or financial institution to assert the rights of a depositary
receipt holder described in this section.

The depositary will distribute all cash dividends or other cash distributions received on the
Series U preferred stock to the holders of record of Series U depositary shares in proportion to the numbers of such depositary shares owned by each holder. In the event of a distribution other than in cash, the depositary will distribute
property received by it to the holders of record of the Series U depositary shares in proportion to the number of Series U 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 U depositary shares are the same as the corresponding
record dates for the Series U preferred stock.

The amounts distributed to holders of the Series U 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 U
preferred stock underlying the Series U depositary shares is redeemed (i) after June 15, 2025, in whole or in part, or (ii) prior to June 15, 2025 in whole, but not in part, due to the occurrence of a Regulatory Capital Treatment
Event, Series U depositary shares will be redeemed with the proceeds received by the depositary from the redemption of the Series U preferred stock held by the depositary. The redemption price per Series U depositary share will be equal to
1/25th of the applicable redemption price per share payable with respect to such Series U preferred stock (or $1,000 per Series U depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any
undeclared dividends. If less than all the Series U preferred stock is redeemed after June 15, 2025, the Series U depositary shares to be redeemed will be selected pro rata, or in any other manner determined by the depositary to be fair and
equitable