WD

SEC source: 0001104659-21-078269 · tm2119104-4_4seq1.xml · derivative · entry 1

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 199.147

Underlying: Common Stock · 30.19 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-078267 · tm2119104-3_4seq1.xml · derivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212.152

Underlying: Common Stock · 33.311 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-078266 · tm2119104-2_4seq1.xml · nonDerivative · entry 1

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,964.1644

SEC source: 0001104659-22-035091 · tm229210-11_4seq1.xml · nonDerivative · entry 1

Warren Michael J. · CIK 0001698331 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 521.581

F1 · price: The reporting person's acquisition of shares of Common Stock on June 2, 2021 was matchable under Section 16(b) of the Exchange Act of 1934, to the extent of 2.581 shares, with the reporting person's disposition of 2,000 shares of Common Stock on February 18, 2021 at a weighted average price of $101.4674 per share. The reporting person has paid the Issuer $2.43, representing the full amount of the profit realized in connection with these transactions.

SEC source: 0001104659-21-063972 · tm2115746-6_4seq1.xml · derivative · entry 2

SCHMALTZ DANA L · CIK 0001104397 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,141

Underlying: Common Stock · 1,141 shares

Expires not disclosed

F2 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F3 · derivative.exercise_date: The deferred stock units are fully vested 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.

F3 · derivative.expiration_date: The deferred stock units are fully vested 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.

SEC source: 0001104659-21-063972 · tm2115746-6_4seq1.xml · nonDerivative · entry 1

SCHMALTZ DANA L · CIK 0001104397 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,395

F1 · shares: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2020 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

SEC source: 0001104659-21-063974 · tm2115746-7_4seq1.xml · derivative · entry 2

Warren Michael J. · CIK 0001698331 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,092

Underlying: Common Stock · 1,092 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F3 · derivative.exercise_date: The deferred stock units are fully vested 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 Plan, or (ii) as otherwise provided by the Plan.

F3 · derivative.expiration_date: The deferred stock units are fully vested 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 Plan, or (ii) as otherwise provided by the Plan.

SEC source: 0001104659-21-063974 · tm2115746-7_4seq1.xml · derivative · entry 1

Warren Michael J. · CIK 0001698331 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 992

Underlying: Common Stock · 992 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

F2 · derivative.expiration_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

SEC source: 0001104659-21-063966 · tm2115746-5_4seq1.xml · derivative · entry 1

Malone Michael D · CIK 0001421021 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 992

Underlying: Common Stock · 992 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

F2 · derivative.expiration_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

SEC source: 0001104659-21-063963 · tm2115746-3_4seq1.xml · derivative · entry 1

Levy Ellen · CIK 0001657271 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 992

Underlying: Common Stock · 992 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

F2 · derivative.expiration_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

SEC source: 0001104659-21-063964 · tm2115746-4_4seq1.xml · nonDerivative · entry 1

Rice E. John Jr · CIK 0001503875 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,001

F1 · shares: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2020 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

SEC source: 0001104659-21-063957 · tm2115746-1_4seq1.xml · derivative · entry 2

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 744

Underlying: Common Stock · 744 shares

Expires not disclosed

F2 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F3 · derivative.exercise_date: The deferred stock units are fully vested 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.

F3 · derivative.expiration_date: The deferred stock units are fully vested 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.

SEC source: 0001104659-21-063957 · tm2115746-1_4seq1.xml · nonDerivative · entry 1

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,957.8484

F1 · shares: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2020 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

SEC source: 0001104659-21-063959 · tm2115746-2_4seq1.xml · derivative · entry 1

Wells Donna · CIK 0001613921 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 992

Underlying: Common Stock · 992 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

F2 · derivative.expiration_date: The deferred stock units vest on the one-year anniversary of the grant date 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.

SEC source: 0001104659-21-061798 · tm2115238-1_4seq1.xml · derivative · entry 9

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,513

Underlying: Common Stock · 15,000 shares

Expires 2024-02-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-061798 · tm2115238-1_4seq1.xml · nonDerivative · entry 2

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 148,743.772

F1 · kind: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2020.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.08 to $113.04. 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-061798 · tm2115238-1_4seq1.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 156,755.772

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-047157 · tm2112315-1_4seq1.xml · derivative · entry 9

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,513

Underlying: Common Stock · 15,000 shares

Expires 2024-02-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-047157 · tm2112315-1_4seq1.xml · nonDerivative · entry 2

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 141,755.772

F1 · kind: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2020.

F2 · price: The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $105.935 to $106.50. 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 sold at each separate price within the range set forth in this footnote

SEC source: 0001104659-21-047157 · tm2112315-1_4seq1.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 149,842.772

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-046141 · tm217076-17_4seq1.xml · nonDerivative · entry 1

Walker William M · CIK 0001503841 · Director · Chairman & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Walker Family Holdings, LLC

Disclosed balance after: 1,510,244

F1 · kind: Reflects the transfer of LLC interests in Walker Family Holdings, LLC to two trusts for the benefit of the Reporting Person's family members in an estate planning transaction. As consideration for the transfer, the trusts issued promissory notes to the Reporting Person and the Reporting Person's spouse. The promissory notes had an aggregate initial estimated principal amount equal to $57,380,752. The Reporting Person is the sole managing member of Walker Family Holdings, LLC and, following the transaction reported herein, continues to exercise voting and dispositive power over the shares of Common Stock held by Walker Family Holdings, LLC. No shares of the Issuer's Common Stock were sold or transferred as a result of this transaction.

F1 · shares: Reflects the transfer of LLC interests in Walker Family Holdings, LLC to two trusts for the benefit of the Reporting Person's family members in an estate planning transaction. As consideration for the transfer, the trusts issued promissory notes to the Reporting Person and the Reporting Person's spouse. The promissory notes had an aggregate initial estimated principal amount equal to $57,380,752. The Reporting Person is the sole managing member of Walker Family Holdings, LLC and, following the transaction reported herein, continues to exercise voting and dispositive power over the shares of Common Stock held by Walker Family Holdings, LLC. No shares of the Issuer's Common Stock were sold or transferred as a result of this transaction.

F1 · price: Reflects the transfer of LLC interests in Walker Family Holdings, LLC to two trusts for the benefit of the Reporting Person's family members in an estate planning transaction. As consideration for the transfer, the trusts issued promissory notes to the Reporting Person and the Reporting Person's spouse. The promissory notes had an aggregate initial estimated principal amount equal to $57,380,752. The Reporting Person is the sole managing member of Walker Family Holdings, LLC and, following the transaction reported herein, continues to exercise voting and dispositive power over the shares of Common Stock held by Walker Family Holdings, LLC. No shares of the Issuer's Common Stock were sold or transferred as a result of this transaction.

F2 · balance_after: Reflects the transfer of Common Stock from Mr. Walker to Walker Family Holdings, LLC for no consideration. The previous Form 4 filed by the Reporting Person overstated the number of shares beneficially owned by the Reporting Person by 13,757 shares of Common Stock. The amount reported herein has been corrected.

SEC source: 0001104659-21-039165 · tm217076-15_4seq1.xml · nonDerivative · entry 1

Rice E. John Jr · CIK 0001503875 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,009

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.88 to $112.73. 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-039170 · tm217076-16_4.xml · nonDerivative · entry 5

THEOBALD STEPHEN P · CIK 0001507723 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,004.37

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.00 to $111.50. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-039170 · tm217076-16_4.xml · nonDerivative · entry 4

THEOBALD STEPHEN P · CIK 0001507723 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,039.37

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.99 to $110.98. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-039170 · tm217076-16_4.xml · nonDerivative · entry 3

THEOBALD STEPHEN P · CIK 0001507723 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,042.37

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.90 to $109.90. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-039170 · tm217076-16_4.xml · nonDerivative · entry 2

THEOBALD STEPHEN P · CIK 0001507723 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 70,042.37

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.88 to $108.82. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-039170 · tm217076-16_4.xml · nonDerivative · entry 1

THEOBALD STEPHEN P · CIK 0001507723 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,854.37

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.62 to $107.58. 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-037773 · tm217076-14_4seq1.xml · derivative · entry 5

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 168.957

Underlying: Common Stock · 179.167 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F5 · derivative.exercise_date: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F5 · derivative.expiration_date: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

SEC source: 0001104659-21-037773 · tm217076-14_4seq1.xml · derivative · entry 4

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,471 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F4 · derivative.exercise_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2021.

F4 · derivative.expiration_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2021.

SEC source: 0001104659-21-037773 · tm217076-14_4seq1.xml · derivative · entry 3

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,943 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2021 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

F2 · derivative.expiration_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2021 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

SEC source: 0001104659-21-037773 · tm217076-14_4seq1.xml · nonDerivative · entry 2

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 123,281.352

SEC source: 0001104659-21-037773 · tm217076-14_4seq1.xml · nonDerivative · entry 1

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 126,591.352

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-037769 · tm217076-13_4seq1.xml · derivative · entry 11

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 178.841

Underlying: Common Stock · 358.402 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F5 · derivative.exercise_date: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F5 · derivative.expiration_date: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

SEC source: 0001104659-21-037769 · tm217076-13_4seq1.xml · derivative · entry 10

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,943 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F4 · derivative.exercise_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2021.

F4 · derivative.expiration_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2021.

SEC source: 0001104659-21-037769 · tm217076-13_4seq1.xml · derivative · entry 9

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 11,586 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2021 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

F2 · derivative.expiration_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2021 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

SEC source: 0001104659-21-037769 · tm217076-13_4seq1.xml · nonDerivative · entry 2

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 134,842.772

SEC source: 0001104659-21-037769 · tm217076-13_4seq1.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 142,187.772

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-036357 · tm219757-6_4seq1.xml · nonDerivative · entry 2

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,965.8484

SEC source: 0001104659-21-036347 · tm219757-1_4seq1.xml · derivative · entry 1

Pryor Paula A. · CIK 0001811383 · EVP & Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 115.551

Underlying: Common Stock · 21.529 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-036357 · tm219757-6_4seq1.xml · nonDerivative · entry 1

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,951.1961

SEC source: 0001104659-21-036356 · tm219757-5_4seq1.xml · derivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 537.2431

Underlying: Common Stock · 55.07 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-036353 · tm219757-4_4seq1.xml · derivative · entry 1

Lucas Richard M · CIK 0001503845 · EVP & Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 348.1236

Underlying: Common Stock · 40.044 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-036352 · tm219757-3_4seq1.xml · derivative · entry 1

Walker William M · CIK 0001503841 · Director · Chairman & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 271.1174

Underlying: Common Stock · 41.884 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-036349 · tm219757-2_4seq1.xml · derivative · entry 1

THEOBALD STEPHEN P · CIK 0001507723 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 593.902

Underlying: Common Stock · 51.429 shares

Expires not disclosed

F1 · derivative.exercise_price: Each dividend equivalent right is the economic equivalent of one share of common stock of the Company.

F2 · derivative.exercise_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

F2 · derivative.expiration_date: The dividend equivalent rights accrued on restricted stock units held by the reporting person and will vest proportionately with the restricted stock units to which they relate.

SEC source: 0001104659-21-032771 · tm217076-12_4seq1.xml · derivative · entry 1

Wells Donna · CIK 0001613921 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 169

Underlying: Common Stock · 169 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2 · derivative.exercise_date: The deferred stock units will vest on May 14, 2021 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 Management Deferred Stock Unit Purchase Plan, as amended (the "Plan"), or (ii) as otherwise provided by the Plan.

F2 · derivative.expiration_date: The deferred stock units will vest on May 14, 2021 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 Management Deferred Stock Unit Purchase Plan, as amended (the "Plan"), or (ii) as otherwise provided by the Plan.

SEC source: 0001104659-21-030881 · tm217076-10_4seq1.xml · derivative · entry 9

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,513

Underlying: Common Stock · 15,000 shares

Expires 2024-02-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-030881 · tm217076-10_4seq1.xml · nonDerivative · entry 2

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 125,300.37

F1 · kind: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2020.

SEC source: 0001104659-21-030881 · tm217076-10_4seq1.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 133,450.37

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001104659-21-027548 · tm217076-9_4seq1.xml · nonDerivative · entry 4

Pryor Paula A. · CIK 0001811383 · EVP & Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,786.691

F1 · kind: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2020.

F5 · price: The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $105.57 to $106.20. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-027548 · tm217076-9_4seq1.xml · nonDerivative · entry 3

Pryor Paula A. · CIK 0001811383 · EVP & Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,732.691

F1 · kind: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2020.

F4 · price: The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $104.40 to $105.31. The reporting person undertakes to provide 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 sold at each separate price within the range set forth in this footnote.