Howard W. Smith III - Oct 9, 2023 Form 4 Insider Report for Walker & Dunlop, Inc. (WD)

Role
President, Director
Signature
/s/ Daniel J. Groman, Attorney-in-fact
Stock symbol
WD
Transactions as of
Oct 9, 2023
Transactions value $
-$1,024,273
Form type
4
Date filed
10/11/2023, 05:00 PM
Previous filing
Sep 12, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WD Common Stock Options Exercise $408K +20K +10.15% $20.40* 217K Oct 9, 2023 Direct
transaction WD Common Stock Sale -$989K -13.9K -6.38% $71.38 203K Oct 9, 2023 Direct F1, F2
transaction WD Common Stock Sale -$444K -6.15K -3.03% $72.15 197K Oct 9, 2023 Direct F1, F3
holding WD Common Stock 252K Oct 9, 2023 The HIII 2011 Trust
holding WD Common Stock 4.76K Oct 9, 2023 By ESS 2022 Trust
holding WD Common Stock 4.76K Oct 9, 2023 By ADS 2015 Trust
holding WD Common Stock 4.76K Oct 9, 2023 By MHS 2010 Trust
holding WD Common Stock 4.56K Oct 9, 2023 By HWS IV 2012 Trust
holding WD Common Stock 4.42K Oct 9, 2023 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 Stock Options (right to buy) Options Exercise $0 -20K -38.19% $0.00 32.4K Oct 9, 2023 Common Stock 20K $20.40 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 8, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.945 to $71.94. 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 (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.96 to $72.34. The reporting person undertakes to provide the Company, any security holder of the Company, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.