Director Rice of Walker & Dunlop (NYSE: WD) granted 3,096 shares

Rhea-AI Filing Summary

Rice E. John Jr reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop director John E. Rice Jr. received a grant of 3,096 shares of restricted common stock as compensation under the company’s 2024 Equity Incentive Plan. These shares vest on the one-year anniversary of the grant date. After this award, he directly owns 36,397 common shares and indirectly holds 55 shares through a trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rice E. John Jr

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,096	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 36,397 shares (Direct, null); Common Stock — 55 shares (Indirect, By Trust)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 3,096 shares Grant price: $0.00 per share Direct holdings after grant: 36,397 shares +1 more

4 metrics

Restricted stock grant 3,096 shares Common Stock grant coded A on May 19, 2026

Grant price $0.00 per share Reported transaction price for restricted stock award

Direct holdings after grant 36,397 shares Common Stock directly owned following the award

Indirect holdings by trust 55 shares Common Stock held indirectly through a trust

Key Terms

restricted common stock, 2024 Equity Incentive Plan, Grant, award, or other acquisition

3 terms

restricted common stock financial

"Represents shares of common stock granted to the reporting person, which are subject to the terms..."

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

2024 Equity Incentive Plan financial

"Subject to the terms of the Walker & Dunlop, Inc. 2024 Equity Incentive Plan."

Grant, award, or other acquisition financial

"Transaction code description is Grant, award, or other acquisition for this entry."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rice E. John Jr

(Last) (First) (Middle)

C/O WALKER & DUNLOP, INC.

7272 WISCONSIN AVENUE, SUITE 1300

(Street)

BETHESDA MARYLAND 20814

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Walker & Dunlop, Inc. [ WD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/19/2026		A		3,096(1)	A	$0	36,397	D
Common Stock								55	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2024 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

	/s/ Nicholas C. Eckstein, Attorney-in-fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Walker & Dunlop (WD) director John E. Rice Jr. report on this Form 4?

He reported receiving 3,096 shares of restricted common stock as a grant. The award is part of Walker & Dunlop’s 2024 Equity Incentive Plan and is structured as equity-based compensation rather than an open-market share purchase.

How many Walker & Dunlop (WD) shares did John E. Rice Jr. acquire in this transaction?

He acquired 3,096 shares of Walker & Dunlop common stock through a grant. The transaction code is A, indicating a grant, award, or other acquisition, and the reported price per share is zero, consistent with equity compensation.

When do the newly granted Walker & Dunlop (WD) restricted shares vest?

The restricted common stock vests on the one-year anniversary of the grant date. Until vesting, the award remains subject to the terms of Walker & Dunlop’s 2024 Equity Incentive Plan, which governs conditions on these shares.

What are John E. Rice Jr.’s Walker & Dunlop (WD) share holdings after this Form 4?

Following the grant, he directly holds 36,397 shares of Walker & Dunlop common stock. He also reports indirect ownership of 55 additional shares held by a trust, giving a small indirect position alongside his direct stake.

Was this Walker & Dunlop (WD) Form 4 transaction an open-market stock purchase or sale?

No, it was not an open-market trade. The Form 4 shows a transaction coded A, described as a grant, award, or other acquisition, with a reported price of zero per share, indicating company-awarded equity compensation rather than market buying or selling.