WD Walker & Dunlop, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $9M, Q3 2025: $1M, Q2 2025: $1M, Q1 2025: $10M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $9M vs trailing avg $4M (+114%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Missing buyback or cash flow data

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

4 open-market purchases by 4 insiders

• SCHMALTZ DANA L () bought 1,000 shares at $45.78 on 2026-03-18
• FREEDMAN ERNEST MICHAEL () bought 5,000 shares at $49.21 on 2026-03-05
• Wells Donna () bought 500 shares at $46.96 on 2026-03-03
• Walker William M (Chairman & CEO) bought 10,000 shares at $47.46 on 2026-03-02

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 4 insider purchases by 4 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $1M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected