Santos Kleber, Senior Executive Vice President, has demonstrated a consistent pattern of selling Wells Fargo (WFC) shares over the past year, with no recorded purchases in the same period. According to SEC Form 4 filings, Kleber has executed 35 transactions exclusively involving WFC, all of which were sales, totaling approximately $14.1 million in aggregate value. The most recent sale occurred on March 5, 2026, when Kleber disposed of shares worth $2.51 million, following a $2.19 million sale on February 20, 2026. Earlier transactions in February 2026 included multiple sales ranging from $555,954 to $880,113, while a March 2025 filing showed a $990,850 sale.
The filings indicate that Kleber’s transactions are primarily coded as "F" (dispositions under Rule 16b-3), with no open-market purchases reported. The absence of buy activity and the repeated, high-value sales suggest a sustained reduction in his WFC holdings. While some transactions appear to be part of structured dispositions—such as those on February 5, 2026, which involved multiple sales of similar amounts—the overall trend points to a clear divestment strategy. Kleber’s trading activity remains concentrated solely in Wells Fargo, with no diversification into other securities evident in the filings. The data reflects a one-sided pattern of liquidation without offsetting acquisitions.
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