FREEDMAN ERNEST MICHAEL 4

What Happened

• Ernest Michael Freedman, a director of Walker & Dunlop, reported an open-market purchase of 5,000 common shares on 2026-03-05. The filing shows a weighted average purchase price of $49.21, for an aggregate cost of approximately $246,044. This was a purchase (insider buying), which many investors view as a potentially bullish indicator.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-06 (filed the next day, within normal Form 4 timing requirements).
• Transaction type/code: Open market/private purchase (Code P).
• Price: weighted average $49.21; purchases occurred at prices ranging from $49.076 to $49.3499 (per footnote).
• Aggregate value: ~$246,044.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: The filing notes the $49.21 is a weighted average and the reporting person can provide the number of shares bought at each separate price on request.

Context

• This was a straightforward share purchase by a company director (not an option exercise or gift). Insider purchases can be informative to retail investors, but they do not by themselves prove future stock performance.