[Form 4] Walker & Dunlop, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Paula A. Pryor, EVP and Chief HR Officer and Director of Walker & Dunlop, Inc. (WD), reported an open-market sale of company stock. The Form 4 shows a sale of 5,336 shares on 08/29/2025 at a price of $86.2 per share, leaving 9,340.558 shares beneficially owned following the transaction. The filing was signed by an attorney-in-fact on 09/03/2025. The report is a routine Section 16 disclosure of an insider sale and identifies Pryor's relationship to the issuer as an officer and director.

Positive

• Timely disclosure of insider transaction ensuring regulatory transparency
• Clear identification of reporting person and relationship to issuer (EVP, Chief HR Officer and Director)

Negative

• Insider sale of 5,336 shares which reduces the reporting person's ownership
• No 10b5-1 plan indicated on the form, so the filing does not state a prearranged trading plan

Insights

Securities Analyst

TL;DR: Insider sale of 5,336 shares disclosed; transaction is routine and provides transparency but does not include context on intent.

The Form 4 documents a single open-market sale by Paula A. Pryor of 5,336 shares at $86.2 on 08/29/2025, leaving 9,340.558 shares owned. From a trading-data perspective, this is a discrete, reported insider disposition that updates public ownership records. The filing itself contains no information about any trading plan or reason for the sale, and no derivative transactions are reported. For investors, the form confirms compliance with Section 16 reporting requirements but offers limited insight into future insider behavior.

Corporate Governance Expert

TL;DR: Disclosure meets governance and compliance norms; sale reduces insider holdings but form lacks explanatory detail.

The report identifies Pryor as an EVP, Chief HR Officer and director and records an exercised reporting obligation showing a sale of 5,336 shares. The timely filing and attorney-in-fact signature indicate procedural compliance. The document does not show a 10b5-1 plan checkbox marked, nor any derivatives, so there is no explicit contractual trading plan disclosed. As a governance matter, the filing appropriately updates beneficial ownership but does not provide material corporate-governance implications beyond disclosure.

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^*

Pryor Paula A.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		S		5,336	D	$86.2	9,340.558	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:

	/s/ Nicholas C. Eckstein, Attorney-in-fact	09/03/2025
	** 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 transaction did Paula A. Pryor report on the Form 4 for WD?

The Form 4 reports a sale of 5,336 shares of Walker & Dunlop, Inc. on 08/29/2025 at a price of $86.2 per share.

How many Walker & Dunlop (WD) shares does Pryor beneficially own after the reported sale?

The filing shows 9,340.558 shares beneficially owned following the reported transaction.

What is Paula Pryor's role at Walker & Dunlop as listed on the Form 4?

She is listed as an Executive Vice President and Chief HR Officer and a Director of the company.

Was the sale reported under a 10b5-1 trading plan on the Form 4?

No; the form does not indicate that the transaction was made pursuant to a 10b5-1 trading plan.

When was the Form 4 signed and filed?

The signature on the filing is by an attorney-in-fact dated 09/03/2025 reflecting the report of the 08/29/2025 transaction.