Rivas Fernando 4

What Happened

• Fernando Rivas, Senior Executive Vice President of Wells Fargo & Company (WFC), recorded a disposition of 39 depository shares on 2026-03-16. The reported price was $1,000.00 per depository share for a total transaction value of $39,000. The transaction is coded as “J” (other acquisition/disposition).

Key Details

• Transaction date: 2026-03-16; Filing date (Form 4): 2026-03-17.
• Price and total: 39 shares × $1,000.00 = $39,000.
• Transaction code: J (other acquisition/disposition).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: Depository shares each represent a 1/25th interest in a share of Wells Fargo 3.90% Fixed Rate Reset Non‑Cumulative Perpetual Class A Preferred Stock, Series BB, and were called for redemption by the issuer at face value (see footnote F1).
• Filing timeliness: Filed the day after the reported transaction; no late filing flag noted.

Context

• This disposition appears tied to an issuer redemption (per footnote F1), not an open‑market sale by the insider; redemption payments are routine corporate actions and do not necessarily indicate insider sentiment.