Walker & Dunlop, Inc. — Director's Dealing 2025

Mar 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2025-03-14

Reporting Person: Walker William M (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-15	Common Stock	M	5530.67	$0.00	Acquired	416801.206	Direct
2025-03-15	Common Stock	F	2337	$87.19	Disposed	414464.206	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-14	Dividend Equivalent Rights	$	A	58.243	Acquired		Common Stock (58.243)	Direct
2025-03-15	Deferred Stock Units	$	M	3577	Disposed		Common Stock (3577)	Direct
2025-03-15	Restricted Stock Units	$	M	1788	Disposed		Common Stock (1788)	Direct
2025-03-15	Dividend Equivalent Rights	$	M	165.67	Disposed		Common Stock (165.67)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	540147	Indirect
Common Stock	3955	Indirect
Common Stock	3955	Indirect
Common Stock	3955	Indirect

Footnotes

F1: Each dividend equivalent right is the economic equivalent of one share of the common stock of the Issuer.

F2: 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.

F3: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F4: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2025 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

F5: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F6: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2025.