DOW INC. — Director's Dealing 2021

May 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2021-05-06

Reporting Person: Edmonds Ronald C (Controller and Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-06	Common Stock	M	30000	$32.57	Acquired	39979	Direct
2021-05-06	Common Stock	S	30000	$68.35	Disposed	9979	Direct
2021-05-06	Common Stock	M	20905	$32.57	Acquired	30884	Direct
2021-05-06	Common Stock	D	12768	$68.437	Disposed	18116	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-06	Non-Qualified Stock Option (Right to Buy)	$32.57	M	30000	Disposed	2023-02-15	Common Stock (30000.0)	Direct
2021-05-06	Non-Qualified Stock Option (Right to Buy)	$32.57	M	20905	Disposed	2023-02-15	Common Stock (20905.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30	Indirect
Common Stock	33033	Indirect
Common Stock	1642.481	Indirect
Common Stock	2262.831	Indirect

Footnotes

F1: Shares used to satisfy the exercise price and tax withholding of the Reporting Person upon exercise of options as required by the award agreement and exempt under Rule 16b-3. The net shares were not sold.

F2: The price is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $68.43 to $68.47. Reporting Person agrees to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: This option granted in February 2013 is fully vested and exercisable.