Van Beurden Saul 4

What Happened

• Saul Van Beurden, Senior Executive Vice President of Wells Fargo & Company (WFC), was granted 87,691.422 share-equivalents on February 26, 2026. The grant is reported as an award/acquisition at $0.00 per share and is a derivative/contingent award (not an open-market purchase).
• The units are tied to performance share awards and/or ESOP fund share-equivalents; each Performance Share represents a contingent right to receive one share of common stock if vesting/conditions are met. No cash was paid in connection with this award.

Key Details

• Transaction date: 2026-02-26; Form filed: 2026-02-27 (timely).
• Amount: 87,691.422 shares; Price: $0.00; Transaction code: A (award/grant); classified as a derivative.
• Footnotes of note:
  • F1: Amount reflects share-equivalent units in the Wells Fargo ESOP Fund under the 401(k) Plan as of Jan 30, 2026, assuming investable cash equivalents were fully invested in WFC stock.
  • F2: Each Performance Share is a contingent right to receive one share of common stock.
  • F3: The amount represents 2023 Performance Shares (including reinvested dividend equivalents) determined based on Wells Fargo’s financial performance for the three-year period ended Dec 31, 2025; award was originally granted Jan 24, 2023 and is exempt under Rule 16b-3(d). As a condition of the grant, the reporting person agreed to hold required shares while employed and for one year after retirement.
• Shares beneficially owned after the transaction: not specified in the provided filing excerpt.

Context

• This was an awards-based grant (not a purchase or sale). Performance shares are contingent and typically convert to actual shares only if performance and vesting conditions are met; they are not immediate cash proceeds. The filing does not indicate any immediate sale or cashless exercise.