Santos Kleber 4

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.