SLM Corp — Director's Dealing 2026

Feb 18, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2026-02-16

Reporting Person: Pahwa Munish (EVP & Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-16	Common Stock	F	2167	$24.04	Disposed	69270.242	Direct
2026-02-17	Common Stock	F	3220	$23.90	Disposed	66050.242	Direct
2026-02-17	Common Stock	F	2049	$23.90	Disposed	64001.242	Direct

Footnotes

F1: On February 16, 2024, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on February 16, 2025, 2026, and 2027. On February 16, 2026, 6,072 shares vested in connection with these RSUs, of which 2,167 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F2: Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.

F3: On February 17, 2023, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 17, 2024, 2025, and 2026. On February 17, 2026, 10,404 shares vested in connection with these RSUs, of which 3,220 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F4: On February 17, 2023, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 17, 2024, 2025, and 2026. On February 17, 2026, 6,618 shares vested in connection with these RSUs, of which 2,049 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.