Santos Kleber 4
4 · WELLS FARGO & COMPANY/MN · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. EVP Santos Kleber Sells 25,000 Shares
What Happened
Santos Kleber, Senior Executive Vice President of Wells Fargo & Company (WFC), sold 25,000 shares in an open-market sale on February 20, 2026. The shares were disposed at a weighted-average price of $87.72, generating roughly $2,193,000 in proceeds. This was a straight sale (transaction code S), not an option exercise or award.
Key Details
- Transaction date: 2026-02-20
- Shares sold: 25,000; Weighted-average price reported: $87.72; Total proceeds: ≈ $2,193,000
- Price range: $87.71 to $87.74 (multiple trades; see footnote F1 for breakdown availability)
- Shares owned after transaction: Not provided in the data you supplied (the Form 4 filing would list post-transaction holdings)
- Footnotes:
- F1: The reported price is a weighted average; detailed per-trade prices available on request to the company or SEC staff.
- F2: Reflects share-equivalent units in the Wells Fargo ESOP Fund under the 401(k) Plan as of Jan 30, 2026, if cash equivalents were fully invested in company stock (affects how some plan-based holdings are reported).
- Filing timeliness: The Form 4 was filed on the same day as the report date (Feb 20, 2026), indicating a timely filing.
- No 10b5-1 plan, tax-withholding, or option-exercise language was indicated in the provided details.
Context
This transaction is a sale by a senior executive. Sales by insiders can be routine (diversification, tax planning, or liquidity) and do not by themselves imply management sentiment about the company’s prospects. Purchases are generally considered more informative about insider confidence; this filing documents a routine disposition rather than an acquisition or exercise.
Insider Transaction Report
- Sale
Common Stock, $1 2/3 Par Value
[F1]2026-02-20$87.72/sh−25,000$2,193,000→ 79,875.529 total
- 892.58(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F2]
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.71 to $87.74, inclusive. The reporting person undertakes to provide to Wells Fargo & Company (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 30, 2026, as if investable cash equivalents held by the Plan were fully invested in Company common stock.