Walker & Dunlop, Inc. — Director's Dealing 2023

Dec 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2023-12-08

Reporting Person: Smith Howard W III (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-08	Common Stock	M	12369	$20.4	Acquired	209369.094	Direct
2023-12-08	Common Stock	M	7631	$16.72	Acquired	217000.094	Direct
2023-12-08	Common Stock	S	107	$90.4932	Disposed	216893.094	Direct
2023-12-08	Common Stock	S	10802	$92.1306	Disposed	206091.094	Direct
2023-12-08	Common Stock	S	9091	$93.2102	Disposed	197000.094	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-08	Dividend Equivalent Rights	$	A	40.655	Acquired		Common Stock (40.655)	Direct
2023-12-08	Stock Options (Right to Buy)	$20.40	M	12369	Disposed	2026-02-15	Common Stock (12369)	Direct
2023-12-08	Stock Options (Right to Buy)	$16.72	M	7631	Disposed	2025-02-15	Common Stock (7631)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	252321	Indirect
Common Stock	4764	Indirect
Common Stock	4764	Indirect
Common Stock	4764	Indirect
Common Stock	4560	Indirect
Common Stock	4422	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.37 to $91.00. The reporting person undertakes to provide the Company, any security holder of the Company, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.78 to $92.63. The reporting person undertakes to provide the Company, any security holder of the Company, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.79 to $93.78. The reporting person undertakes to provide the Company, any security holder of the Company, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F5: The dividend equivalent rights accrued on restricted stock units held by the reporting person and vest proportionately with the restricted stock units to which they relate.

F6: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 8, 2023.