Wells Fargo & Company reported an insider ownership update for Derek A. Flowers in a Form 4 filed on July 17, 2026, covering activity dated July 15, 2026. The filing concerns Wells Fargo common stock, par value $1 2/3 per share, and reflects changes in Flowers’ beneficial ownership tied to employee benefit plan holdings and dividend reinvestment activity. The disclosure indicates that part of the reported ownership consists of the share-equivalent value of units held in the Wells Fargo ESOP Fund under the company’s 401(k) Plan. Those holdings are measured as of June 30, 2026, and are calculated as if any investable cash equivalents in the plan were fully invested in Wells Fargo common stock. This means the reported amount may include an estimate of stock-equivalent exposure within the retirement plan rather than only directly held shares. The filing also notes that the reported holdings include shares acquired through a dividend reinvestment program since Flowers’ most recent Form 4 filing. Dividend reinvestment programs automatically use dividends to purchase additional shares, so these acquisitions generally reflect incremental ownership increases rather than discretionary open-market purchases. The text provided does not specify the number of shares acquired or disposed of, any transaction price, transaction code, or Flowers’ exact ownership total after the reported change. No option exercise, sale, grant, or vesting event is described in the available filing text. The filing was signed on Flowers’ behalf by Meghan Daly, acting as attorney-in-fact, on July 17, 2026. Overall, the filing appears to be an administrative insider ownership update reflecting retirement-plan share equivalents and dividend reinvestment additions, rather than a reported open-market insider trade.