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AI English summary of an SEC filing — figures as filed

Wells Fargo logoWells Fargo WFC

Wells Fargo said it filed a Certificate of Designation with the Delaware Secretary of State on March 16, 2026, designating the 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, and authorizing 90,000 shares.

8-KAmendments to Articles of Incorporation or Bylaws; Change in Fiscal YearFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Wells Fargo said it filed a Certificate of Designation with the Delaware Secretary of State on March 16, 2026, designating the 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, and authorizing 90,000 shares.

  2. The company said the Series GG Preferred Stock is without par value, with a liquidation preference of $25,000 per share, and that its voting powers and other rights were set in the Certificate of Designation.

  3. Wells Fargo said it sold 2,250,000 Depositary Shares on March 18, 2026, with each Depositary Share representing a 1/25 interest in one 1 share of Series GG Preferred Stock.

  4. The company filed March 11, 2026 Underwriting Agreement and March 18, 2026 Deposit Agreement with this 8-K, and said the depositary under the Deposit Agreement is Computershare Trust Company, N.A. and Computershare Inc.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Series GG Preferred Stock Designation and Authorized Shares

Wells Fargo said it filed a Certificate of Designation with the Delaware Secretary of State on March 16, 2026, designating the 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, and authorizing 90,000 shares.

Source · Based on the filing body and exhibits

Series GG Preferred Stock Par Value and Liquidation Preference

The company said the Series GG Preferred Stock is without par value, with a liquidation preference of $25,000 per share, and that its voting powers and other rights were set in the Certificate of Designation.

Source · Based on the filing body and exhibits

Sale of Depositary Shares on March 18, 2026

Wells Fargo said it sold 2,250,000 Depositary Shares on March 18, 2026, with each Depositary Share representing a 1/25 interest in one 1 share of Series GG Preferred Stock.

Source · Based on the filing body and exhibits

Underwriting, Deposit and Other Filed Documents

The company filed March 11, 2026 Underwriting Agreement and March 18, 2026 Deposit Agreement with this 8-K, and said the depositary under the Deposit Agreement is Computershare Trust Company, N.A. and Computershare Inc.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.