Ellen R. Patterson, Senior EVP and General Counsel at Wells Fargo (WFC), has demonstrated a consistent pattern of selling company stock over the past several years, with no recorded purchases in SEC filings. Since 2024, Patterson has executed multiple sales totaling over $20.6 million, with transactions typically clustered around February and March each year. The largest single sale occurred on February 26, 2026, when Patterson disposed of shares worth $5.24 million, followed by a $4.17 million sale on March 5, 2026. Earlier transactions show a similar cadence, including a $2.34 million sale on March 5, 2025, and a $2.55 million sale on March 5, 2024. Smaller sales, often in the $500,000 to $1.1 million range, frequently appear in early February filings, suggesting a structured divestment approach tied to annual compensation cycles or vesting schedules. The absence of any buy transactions across 31 reported trades indicates Patterson has steadily reduced her WFC holdings during this period. While the sales represent a significant reduction in equity exposure, they appear systematic rather than concentrated, with no single transaction exceeding 25% of the total divested value. The consistency in timing and amounts suggests these transactions may follow predetermined trading plans under SEC Rule 10b5-1, though filings do not explicitly confirm this. Patterson’s activity remains exclusively tied to Wells Fargo, with no trades reported in other securities.
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