Stephen P. Theobald - 13 Feb 2026 Form 4 Insider Report for Walker & Dunlop, Inc. (WD)

Role: EVP & Chief Operating Officer
Signature: /s/ Nicholas C. Eckstein, Attorney-in-fact
Issuer symbol: WD
Transactions as of: 13 Feb 2026
Net transactions value: -$202,468
Form type: 4
Filing time: 18 Feb 2026, 16:31:32 UTC
Previous filing: 09 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
THEOBALD STEPHEN P	EVP & Chief Operating Officer	C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA	/s/ Nicholas C. Eckstein, Attorney-in-fact	18 Feb 2026	0001507723

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WD	Common Stock	Award	$0	+16,973	+25%	$0.000000	84,824	13 Feb 2026	Direct	F1
transaction	WD	Common Stock	Tax liability	$202,468	-3,273	-3.9%	$61.86	81,551	13 Feb 2026	Direct
holding	WD	Common Stock						38,219	13 Feb 2026	By Family LLC

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

Explanation of Responses:

Id	Content
F1	The restricted stock vests in three equal annual installments beginning on February 15, 2027.