DOW INC. — Director's Dealing 2021

Feb 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2021-02-16

Reporting Person: Ungerleider Howard I (President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-16	Common Stock	M	81373	$34.43	Acquired	187040	Direct
2021-02-16	Common Stock	D	59812	$58.66	Disposed	127228	Direct
2021-02-16	Common Stock	G	21561	—	Disposed	105667	Direct
2021-02-16	Common Stock	G	21561	—	Acquired	105784	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-16	Non-Qualified Stock Option (Right to Buy)	$34.43	M	81373	Disposed	2022-02-10	Common Stock (81373.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	924.136	Indirect
Common Stock	271.1112	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 $58.54 to $58.82. 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 2012 is fully vested and exercisable.