SLM Corp — Director's Dealing 2025

Jun 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2025-06-17

Reporting Person: Manvitz Ted (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-17	Common Stock	A	5281	—	Acquired	62952.6801	Direct
2025-06-18	Common Stock	A	768	—	Acquired	63720.6801	Direct

Footnotes

F1: The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2025 Independent Director Restricted Stock Agreement (the "2025 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2025 Agreement.

F2: Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.

F3: Includes shares of SLM Corporation's Common Stock (the "Shares") acquired under a dividend reinvestment plan.

F4: Represents a grant of the Shares received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date.