WD

SEC source: 0001104659-19-046162 · a4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,303,864

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.50 to $55.455. 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: 0001104659-19-046162 · a4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,340,749

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.93 to $57.77. 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: 0001104659-19-046157 · a4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,976

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.00 to $57.74. 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: 0001104659-19-034307 · a4.xml · nonDerivative · entry 2

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,294.0831

SEC source: 0001104659-19-034307 · a4.xml · nonDerivative · entry 1

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,246.5124

SEC source: 0001104659-19-034308 · a4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36.8675

Underlying: Common Stock · 18.7774 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: 0001104659-19-034306 · a4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 271.3372

Underlying: Common Stock · 59.9094 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: 0001104659-19-034305 · a4.xml · derivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 337.5413

Underlying: Common Stock · 72.1558 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: 0001104659-19-034303 · a4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 177.481

Underlying: Common Stock · 40.5192 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: 0001104659-19-031479 · a4.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Indirect · The HIII 2011 Trust

Disclosed balance after: 312,321

F1 · kind: On May 23, 2019, the reporting person contributed shares of the Issuer's common stock to an exchange fund in exchange for shares of the exchange fund. The common stock was valued at $52.51 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person.

F1 · price: On May 23, 2019, the reporting person contributed shares of the Issuer's common stock to an exchange fund in exchange for shares of the exchange fund. The common stock was valued at $52.51 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person.

SEC source: 0001104659-19-030575 · a4.xml · derivative · entry 2

SCHMALTZ DANA L · CIK 0001104397 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,198

Underlying: Common Stock · 2,139 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: 0001104659-19-030575 · a4.xml · nonDerivative · entry 1

SCHMALTZ DANA L · CIK 0001104397 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,633

F1 · shares: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2015 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

SEC source: 0001104659-19-030572 · a4.xml · derivative · entry 1

Malone Michael D · CIK 0001421021 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,860

Underlying: Common Stock · 1,860 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: 0001104659-19-030578 · a4.xml · derivative · entry 2

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,636

Underlying: Common Stock · 1,395 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: 0001104659-19-030578 · a4.xml · nonDerivative · entry 1

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,097.8593

F1 · shares: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2015 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

SEC source: 0001104659-19-030577 · a4.xml · nonDerivative · entry 1

Rice E. John Jr · CIK 0001503875 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,439

F1 · shares: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2015 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

SEC source: 0001104659-19-030576 · a4.xml · derivative · entry 2

Warren Michael J. · CIK 0001698331 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,836

Underlying: Common Stock · 2,046 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: 0001104659-19-030576 · a4.xml · derivative · entry 1

Warren Michael J. · CIK 0001698331 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,860

Underlying: Common Stock · 1,860 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: 0001104659-19-030573 · a4.xml · derivative · entry 1

Levy Ellen · CIK 0001657271 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,860

Underlying: Common Stock · 1,860 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: 0001104659-19-030007 · a4.xml · nonDerivative · entry 1

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,800

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 March 11, 2019.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.52 to $54.23. 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: 0001104659-19-021693 · a4.xml · nonDerivative · entry 1

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,600

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 March 11, 2019.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.05 to $52.45. 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: 0001104659-19-019692 · a4.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,851

F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2017.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.99 to $51.61. 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: 0001104659-19-016042 · a4.xml · derivative · entry 11

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 265.3855

Underlying: Common Stock · 278.3645 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.

F6 · derivative.exercise_price: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F6 · 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F6 · 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

SEC source: 0001104659-19-016042 · a4.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 · 10,983 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.

F4 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F5 · derivative.exercise_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2019.

F5 · derivative.expiration_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2019.

SEC source: 0001104659-19-016042 · a4.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 · 21,967 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.

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 were settled in shares of the Issuer's common stock on March 15, 2019 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

F3 · derivative.expiration_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2019 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

SEC source: 0001104659-19-016042 · a4.xml · nonDerivative · entry 2

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 131,851

SEC source: 0001104659-19-016042 · a4.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 146,322

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 · shares: The Reporting Person received cash in lieu of delivery of fractional shares upon vesting of the dividend equivalent rights.

SEC source: 0001104659-19-016040 · a4.xml · derivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 136.9618

Underlying: Common Stock · 115.9789 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.

F6 · derivative.exercise_price: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F6 · 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F6 · 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

SEC source: 0001104659-19-016040 · a4.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 · 4,576 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.

F4 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F5 · derivative.exercise_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2019.

F5 · derivative.expiration_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2019.

SEC source: 0001104659-19-016040 · a4.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 · 9,153 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.

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 were settled in shares of the Issuer's common stock on March 15, 2019 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

F3 · derivative.expiration_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2019 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

SEC source: 0001104659-19-016040 · a4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 122,416

SEC source: 0001104659-19-016040 · a4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 128,446

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 · shares: The Reporting Person received cash in lieu of delivery of fractional shares upon vesting of the dividend equivalent rights.

SEC source: 0001104659-19-016041 · a4.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18.0901

Underlying: Common Stock · 246.4803 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.

F6 · derivative.exercise_price: 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F6 · 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

F6 · 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. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.

SEC source: 0001104659-19-016041 · a4.xml · derivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,725 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.

F4 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F5 · derivative.exercise_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2019.

F5 · derivative.expiration_date: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2019.

SEC source: 0001104659-19-016041 · a4.xml · derivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 19,450 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.

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 were settled in shares of the Issuer's common stock on March 15, 2019 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

F3 · derivative.expiration_date: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2019 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

SEC source: 0001104659-19-016041 · a4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,379,297

SEC source: 0001104659-19-016041 · a4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,393,053

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 · shares: The Reporting Person received cash in lieu of delivery of fractional shares upon vesting of the dividend equivalent rights.

SEC source: 0001104659-19-015316 · a4.xml · nonDerivative · entry 1

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,400

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 March 11, 2019.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.41 to $52.03. 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: 0001104659-19-013876 · a4.xml · nonDerivative · entry 2

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,237.8593

SEC source: 0001104659-19-013876 · a4.xml · nonDerivative · entry 1

Bowers Alan J · CIK 0001503849 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,192.1483

SEC source: 0001104659-19-013875 · a4.xml · nonDerivative · entry 1

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 0

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.47 to $53.06. 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: 0001104659-19-013888 · a4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 264.5704

Underlying: Common Stock · 73.9527 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: 0001104659-19-013886 · a4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211.4278

Underlying: Common Stock · 57.7167 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: 0001104659-19-013885 · a4.xml · derivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 543.75

Underlying: Common Stock · 132.6037 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: 0001104659-19-013884 · a4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 252.9407

Underlying: Common Stock · 65.3218 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: 0001104659-19-013650 · a4.xml · derivative · entry 1

Levy Ellen · CIK 0001657271 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 392

Underlying: Common Stock · 392 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 10, 2019 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 will vest on May 10, 2019 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: 0001104659-19-012511 · a4.xml · nonDerivative · entry 1

Smith Howard W III · CIK 0001503844 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,094

F1 · shares: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2017.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.92 to $55.80. 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: 0001104659-19-012515 · a4.xml · derivative · entry 4

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 0

Underlying: Common Stock · 7,217 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 1, 2019 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 1, 2019 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

SEC source: 0001104659-19-012515 · a4.xml · nonDerivative · entry 2

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 11,008

SEC source: 0001104659-19-012515 · a4.xml · nonDerivative · entry 1

Warner Richard C · CIK 0001503839 · EVP & Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 13,103

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.