Howard W. Smith III - 15 Mar 2022 Form 4 Insider Report for Walker & Dunlop, Inc. (WD)

Role: President, Director
Signature: /s/ Daniel J. Groman, Attorney-in-fact
Issuer symbol: WD
Transactions as of: 15 Mar 2022
Net transactions value: -$377,577
Form type: 4
Filing time: 17 Mar 2022, 17:01:07 UTC
Previous filing: 14 Mar 2022
Next filing: 07 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WD	Common Stock	Options Exercise	$0	+6,602	+3.9%	$0.000000	177,078	15 Mar 2022	Direct
transaction	WD	Common Stock	Tax liability	$377,577	-2,877	-1.6%	$131.24	174,201	15 Mar 2022	Direct
holding	WD	Common Stock						312,321	15 Mar 2022	The HIII 2011 Trust
holding	WD	Common Stock						4,764	15 Mar 2022	As Custodian for Daughter 1
holding	WD	Common Stock						4,764	15 Mar 2022	By ADS 2015 Trust
holding	WD	Common Stock						4,560	15 Mar 2022	By HWS IV 2012 Trust
holding	WD	Common Stock						4,764	15 Mar 2022	By MHS 2010 Trust
holding	WD	Common Stock						4,422	15 Mar 2022	By MMAS 2008 Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WD	Deferred Stock Units	Options Exercise	$0	-4,301	-100%	$0.000000^*	0	15 Mar 2022	Common Stock	4,301		Direct	F1, F2
transaction	WD	Restricted Stock Units	Options Exercise	$0	-2,150	-100%	$0.000000^*	0	15 Mar 2022	Common Stock	2,150		Direct	F3, F4
transaction	WD	Dividend Equivalent Rights	Options Exercise	$0	-151	-50%	$0.000000	151	15 Mar 2022	Common Stock	151		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
F2	The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2022 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.
F3	Each restricted stock unit represents the right to receive one share of common stock of the Issuer.
F4	The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2022.
F5	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.