Walker & Dunlop (WD) director buys 5,000 shares in open market

Rhea-AI Filing Summary

Walker & Dunlop director Ernest Michael Freedman reported an open-market purchase of 5,000 shares of common stock on March 5, 2026 at a weighted average price of $49.2087 per share, executed in multiple trades between $49.076 and $49.3499. Following this purchase, he directly owns 6,097 shares of Walker & Dunlop common stock.

Insider Trade Summary

Net Buyer: 5,000 shares ($246,044)

Net Buy 1 txn

Insider FREEDMAN ERNEST MICHAEL

Role Director

Bought 5,000 shs ($246K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,000	$49.2087	$246K

Holdings After Transaction: Common Stock — 6,097 shares (Direct)

Footnotes (1)

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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^*

FREEDMAN ERNEST MICHAEL

(Last) (First) (Middle)

C/O WALKER & DUNLOP, INC.

7272 WISCONSIN AVENUE, SUITE 1300

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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

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

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	03/05/2026		P		5,000	A	$49.2087(1)	6,097	D

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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $49.076 to $49.3499. The reporting person undertakes to provide Walker & Dunlop, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Nicholas Eckstein, Attorney-in-fact	03/06/2026
	** 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.

FAQ

What insider transaction did Walker & Dunlop (WD) report?

Walker & Dunlop director Ernest Michael Freedman reported buying 5,000 shares of common stock. The open-market purchase occurred on March 5, 2026 at a weighted average price of $49.2087 per share, executed across multiple individual trades within a narrow price range.

At what price did the Walker & Dunlop (WD) director buy shares?

The director’s 5,000-share purchase had a weighted average price of $49.2087 per share. According to the filing, the trades were executed in multiple transactions, with individual prices ranging from $49.076 to $49.3499 during the March 5, 2026 open-market buying.

How many Walker & Dunlop (WD) shares does the director own after this trade?

After the reported transaction, director Ernest Michael Freedman directly owns 6,097 Walker & Dunlop common shares. This reflects an increase of 5,000 shares from this open-market purchase, as disclosed in the Form 4 insider trading report filed with regulators.

Was the Walker & Dunlop (WD) insider trade a market purchase or another type?

The insider transaction was an open-market purchase of common stock. The Form 4 identifies the code as “P,” meaning a purchase in an open market or private transaction, with all 5,000 shares acquired on March 5, 2026 at market-based prices.

Did the Walker & Dunlop (WD) filing disclose trade price details for the insider buy?

Yes. The filing states the reported $49.2087 price is a weighted average. The 5,000 shares were bought in multiple trades, with individual transaction prices ranging from $49.076 to $49.3499, and the insider offers to provide full breakdowns upon request.