Director Ellen Levy of Walker & Dunlop (NYSE: WD) awarded 3,096 deferred stock units

Rhea-AI Filing Summary

Levy Ellen reported acquisition or exercise transactions in this Form 4 filing.

Walker & Dunlop, Inc. director Ellen Levy reported receiving a grant of 3,096 deferred stock units on common stock. These units were awarded as compensation, with no cash paid by Levy for the grant. Following the award, she holds 3,096 deferred stock units directly.

Each deferred stock unit represents the right to receive one share of Walker & Dunlop common stock. The units vest on the one-year anniversary of the grant date and will be settled in common shares in accordance with the company’s Deferred Compensation Plan for non‑employee directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Levy Ellen

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	3,096	$0.00	--

Holdings After Transaction: Deferred Stock Units — 3,096 shares (Direct, null)

Footnotes (1)

1. Each deferred stock unit represents the right to receive one share of common stock of the Issuer. The deferred stock units will vest on the one year anniversary of the date of grant and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non- Employee Directors (the "Plan"), or (ii) as otherwise provided by the Plan.

Key Figures

Deferred stock units granted: 3,096 units Grant price per unit: $0.00 per unit Deferred stock units after transaction: 3,096 units +1 more

4 metrics

Deferred stock units granted 3,096 units Grant of deferred stock units on common stock

Grant price per unit $0.00 per unit Stated transaction price for the award

Deferred stock units after transaction 3,096 units Total direct holdings of deferred stock units following grant

Underlying common shares 3,096 shares Each unit represents one Walker & Dunlop common share

Key Terms

Deferred Stock Units, Deferred Compensation Plan for Non-Employee Directors, Grant, award, or other acquisition, underlying security

4 terms

Deferred Stock Units financial

"security_title: "Deferred Stock Units""

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Deferred Compensation Plan for Non-Employee Directors financial

"pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors"

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

underlying security financial

"underlying_security_title: "Common Stock""

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^*

Levy Ellen

(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

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
Deferred Stock Units	(1)	05/19/2026		A		3,096		(2)	(2)	Common Stock	3,096	$0	3,096	D

Explanation of Responses:

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

2. The deferred stock units will vest on the one year anniversary of the date of grant and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non- Employee Directors (the "Plan"), or (ii) as otherwise provided by the Plan.

	/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 insider transaction did Walker & Dunlop (WD) director Ellen Levy report?

Ellen Levy reported receiving a grant of 3,096 deferred stock units tied to Walker & Dunlop common stock. The award is compensation-based, not an open-market purchase, and increases her direct holdings of deferred stock units to 3,096 in total.

How many deferred stock units did Ellen Levy receive from Walker & Dunlop (WD)?

She received 3,096 deferred stock units linked to Walker & Dunlop common shares. Each unit corresponds to one share of common stock, subject to vesting and settlement terms under the company’s Deferred Compensation Plan for non‑employee directors.

At what price were Ellen Levy’s Walker & Dunlop (WD) deferred stock units granted?

The 3,096 deferred stock units were granted at a stated price of $0.00 per unit. This reflects a compensation award structure rather than a cash purchase, common for non‑employee director equity incentives tied to the issuer’s common stock.

When do Ellen Levy’s Walker & Dunlop (WD) deferred stock units vest?

The deferred stock units vest on the one-year anniversary of the grant date. After vesting, they will be settled in Walker & Dunlop common shares according to timing and rules established in the Deferred Compensation Plan for non‑employee directors.

How will Ellen Levy’s Walker & Dunlop (WD) deferred stock units be settled?

Each deferred stock unit will be settled in one share of Walker & Dunlop common stock. Settlement timing follows either a date selected by Levy under the Deferred Compensation Plan or another method specified by that plan’s provisions.

Is Ellen Levy’s Walker & Dunlop (WD) Form 4 transaction a market buy or sell?

The Form 4 shows a grant or award acquisition of 3,096 deferred stock units, not a market trade. The transaction reflects non‑employee director compensation rather than open-market buying or selling of Walker & Dunlop common stock.