DOW INC. — Director's Dealing 2019

Apr 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dow Inc. (DOW)
CIK: 0001751788
Period of Report: 2019-04-01

Reporting Person: SHAW RUTH G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-01	Common Stock	J	15022.0000	$0.0000	Acquired	15022.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-01	Phantom Stock Units	$	J	1103.0000	Acquired		Common Stock (1103.0000)	Direct

Footnotes

F1: On April 1, 2019, the Issuer separated from DowDuPont Inc. by issuing a dividend of the Issuer's common stock as further described in the Information Statement filed as Exhibit 99.1 to Form 10 filed by the Issuer on March 8, 2019.

F2: Total includes one share of common stock of the Issuer received for every three shares of DowDuPont common stock in connection with the separation.

F3: There is generally no conversion price for these phantom stock units. Each phantom stock unit is the equivalent of one share of common stock of the Issuer.

F4: Phantom stock units accrue under a compensation deferral election. Phantom stock units are payable in cash in lump sum or installments at the election of the Reporting Person, and do not carry an exercisable date or expiration date.