DOW INC. — Director's Dealing 2021

Mar 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2021-03-09

Reporting Person: Fitterling James R (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-09	Common Stock	M	39446	$32.57	Acquired	125539	Direct
2021-03-09	Common Stock	D	28731	$63.191	Disposed	96808	Direct
2021-03-10	Common Stock	M	84000	$47.31	Acquired	168448	Direct
2021-03-10	Common Stock	D	71640	$64.117	Disposed	96808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-09	Non-Qualified Stock Option (Right to Buy)	$32.57	M	39446	Disposed	2023-02-15	Common Stock (39446.0)	Direct
2021-03-10	Non-Qualified Stock Option (Right to Buy)	$47.31	M	84000	Disposed	2024-02-14	Common Stock (84000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	227061	Indirect
Common Stock	922.8446	Indirect
Common Stock	1971.0425	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.

F2: The price is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $63.11 to $63.32. 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: The price is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $63.95 to $64.37. 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.

F4: This option is fully vested and exercisable.