Wells Fargo (WFC) Director Theodore F. Craver Jr. Gifts 89 Shares

What Happened

Theodore F. Craver Jr., a director of Wells Fargo & Company (WFC), reported gift transactions on 2026-05-14 involving 89 shares. The Form 4 shows a disposition of 89 shares as a gift (G) at $0.00 and a corresponding acquisition entry of 89 shares as a gift at $0.00 — total reported cash value $0. These entries typically reflect a transfer by gift rather than a market sale or purchase.

Key Details

• Transaction date: 2026-05-14
• Transaction type/code: Gift (G) — 89 shares disposed and 89 shares acquired, price $0.00, reported value $0
• Filing date / timeliness: Filed 2026-05-14 (appears timely)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Notable: No 10b5-1 plan, tax withholding, or other footnotes provided in the summary

Context

Gifts are transfers of ownership and do not necessarily indicate the insider’s view on the company’s stock; they are often used for estate planning or transfers to trusts/charities/family. The matching dispose-and-acquire entries at $0.00 often reflect internal transfers between accounts or vehicles rather than a market transaction.