Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 93

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 93
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 to vote for the election of two additional directors at the next annual meeting of our stockholders. If the holders of a series of preferred stock are entitled to elect two additional directors, then each share of preferred stock will have the number of votes specified in the applicable prospectus supplement. In such case, the size of our board of directors will increase by two directors. After we pay the full amount of dividends to which the holders of the series of preferred stock are entitled, those holders will no longer have a vote for the election of two additional directors. Unless we receive the consent of the holders of an outstanding series of preferred stock and the outstanding shares of all other series of preferred stock which

| ● |     | rank equal with that series either as to dividends or the distribution of assets upon liquidation, dissolution or 
 winding up of our business, and                                                                                   |

| ● |     | have voting rights that are exercisable and that are similar to those of that series, we will not: |

| ● |     | authorize, create or issue, or increase the authorized or issued amount of, any class or series of stock ranking                                                             
 prior to that outstanding preferred stock with respect to payment of dividends or the distribution of assets upon liquidation, dissolution or winding up of our business; or |

66

| ● |     | amend, alter or repeal, whether by merger, consolidation or otherwise, the provisions of our restated certificate                                                                                                                                 
 of incorporation, as amended, or of the resolutions contained in a certificate of designation creating that series of the preferred stock in a way that materially and adversely affects any right, preference, privilege or voting power of that 
 outstanding preferred stock.                                                                                                                                                                                                                      |

This consent must be given by the holders of at least 66 2/ 3% of all outstanding preferred stock described in the preceding sentence, voting together as a single class. However, we will not be required to obtain this consent with respect to any amendment, alteration or repeal affecting the rights, preferences, privileges or voting powers of preferred stock of the type described above, if we only:

| ● |     | increase the amount of the authorized preferred stock; |

| ● |     | create and issue another series of preferred stock; or |

| ● |     | increase the amount of authorized shares of any series of preferred stock; |

so long as that preferred stock in each case ranks equal with or junior to the shares of preferred stock offered under this prospectus with respect to the payment of dividends and the distribution of assets upon liquidation