FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Smith Howard W III		 2. Issuer Name and Ticker or Trading Symbol

Walker & Dunlop, Inc. [ WD ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President
(Last)          (First)          (Middle)

C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300		 3. Date of Earliest Transaction (MM/DD/YYYY)

3/15/2022
(Street)

BETHESDA, MD 20814
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3/15/2022  M  6602.332 A$0 177078.094 D  
Common Stock 3/15/2022  F  2877 D$131.24 174201.094 D  
Common Stock         312321 I The HIII 2011 Trust 
Common Stock         4764 I As Custodian for Daughter 1 
Common Stock         4764 I By ADS 2015 Trust 
Common Stock         4560 I By HWS IV 2012 Trust 
Common Stock         4764 I By MHS 2010 Trust 
Common Stock         4422 I By MMAS 2008 Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units  (1)3/15/2022  M     4301   (2) (2)Common Stock 4301 $0 0 D  
Restricted Stock Units  (3)3/15/2022  M     2150   (4) (4)Common Stock 2150 $0 0 D  
Dividend Equivalent Rights  (5)3/15/2022  M     151.322   (5) (5)Common Stock 151.322 $0 151.281 D  
Explanation of Responses:
(1) Each deferred stock unit represents the right to receive one share of common stock of the Issuer.
(2) 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.
(3) Each restricted stock unit represents the right to receive one share of common stock of the Issuer.
(4) The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2022.
(5) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Smith Howard W III
C/O WALKER & DUNLOP, INC.
7272 WISCONSIN AVENUE, SUITE 1300
BETHESDA, MD 20814		X
President
Signatures
/s/ Daniel J. Groman, Attorney-in-fact3/17/2022
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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