Sell your Shares- 900x330

Sell your shares

EQ offers a convenient and cost-effective way to sell your shares using shareowneronline.com

As a shareowner, you may sell any or all of your shares without transferring them to a broker. That said, you also have the option to transfer to a broker, if you so choose. The available payment options will vary slightly, based on whether you choose to have sale proceeds sent to a U.S. or foreign bank account. Your options are:

  • Domestic ACH— Direct deposit to a U.S. bank account in U.S. dollars through the ACH (Automated Clearing House) network.
  • International ACH—Direct deposit to a foreign bank account in the local currency mandated by the ACH network.
  • Wire transfer—in local currency or U.S. dollars (where the account can receive that currency).
  • Payment may also be received by check payable in U.S. dollars.

ACH and wire transfer payment options have an associated fee that will be disclosed when executing the sale transaction on shareowneronline.com.

You may choose a sale option* that works best for you:

Market order sales

During market hours, sale requests will be promptly submitted to a broker. The sale will be at the prevailing market price when the trade is executed. Once entered, a market order request cannot be cancelled. Sale requests submitted near the close of the market might be executed on the next trading day, along with other requests received after market close.

EXAMPLE: Market order sales are conducted near real time – you will receive a weighted price per share at the market price at the time the transaction was executed. Assume the price per share at the time you authorized the transaction was $54.16. The actual price per share will have moved up or down within the approximate 15 minute trading window, thus the market price at the time of the transaction moved to $54.08.

The actual price received is a weighted price of $54.08. Assuming you were selling 30 shares, the gross proceeds would be $1,622.40 (30 shares x $54.08 per share), less any applicable fees.

Batch order sales

Requests from multiple shareholders to sell shares are combined and the total of all shares are sold on the open market. Batch order sale requests will be completed no later than five business days from the date the request was submitted. The price per share sold will not be known until the sales are completed and will always be the weighted-average price for all shares sold on the trade date.

EXAMPLE: In a batch order sale you will receive a weighted average price of all Wells Fargo shares sold that day for all batch order sale transactions. For example, assume the price per share was $54.00. If you are selling 30 shares the gross proceeds would be $1,620.00 (30 shares x $54.00 per share), less any applicable fees.

Day limit order

A request to sell shares when and if the stock reaches or exceeds a specified price on the day the order was placed. The request is cancelled if the price is not met by the end of the trading day.

Good-‘til-date/-cancelled (GTD/GTC) limit order

The sale will be executed when and if the stock reaches or exceeds the specified price at any time while the order remains open (up to the date requested or 90 days for GTC). The request is automatically cancelled if the price is not met by the end of the order period.

Stop loss order

A request to sell shares when and if the stock reaches a specified price, at which time the stop loss order becomes a market order and the sale will be at the prevailing market price when the trade is executed. You may select the timing or duration for the order to expire.

*Note: Sale transaction fees will be disclosed when executing the sale transaction on Shareowner Online.

If I sell my shares, what policies am I required to follow?

Wells Fargo & Company’s “Insider Trading Policy” (the Policy) is contained in its Team Member Code of Ethics and Business Conduct (Code of Ethics) and provides that Wells Fargo team members (defined as employees of Wells Fargo & Company and its subsidiaries (“WFC”)) are prohibited from buying or selling securities or tipping others while in possession of material, nonpublic information. This prohibition applies to any sell transactions initiated by team members related to vested shares resulting from a restricted share rights (RSRs) grant.

In addition, certain team members are required to obtain transaction pre-clearance prior to executing any transactions in the securities of corporate issuers including WFC. This pre-clearance is necessary to ensure compliance with regulatory expectations and avoid the appearance of any wrongdoing. Wells Fargo wants to ensure that any transactions involving the securities of WFC, executed by our team members, is transparent, honest and ethical, and that our team members don’t misuse any information regarding WFC which may not be available to the general public and could provide the team member with an unfair advantage.

Wells Fargo team members are obligated to be familiar with and abide by the provisions of the Code of Ethics and line of business personal investment/account dealing policies and procedures.

Team members who are impacted by pre-clearance requirements will receive a targeted communication from your line of business compliance team in mid-January 2020.