DOW INC. — Director's Dealing 2022

Feb 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2022-02-10

Reporting Person: Donoso Diego (President, Pkg & Spec Plastics)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	A	4040	—	Acquired	18388	Direct
2022-02-10	Common Stock	A	9457	—	Acquired	27845	Direct
2022-02-11	Common Stock	D	867	$61.09	Disposed	26978	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-10	Non-Qualified Stock Option (Right to Buy)	$60.95	A	29610	Acquired	2032-02-10	Common Stock (29610.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19352	Indirect
Common Stock	16.3686	Indirect
Common Stock	290.8621	Indirect

Footnotes

F1: Restricted stock units to be delivered in one installment on or about February 10, 2025, subject to continued employment.

F2: Performance share units not previously reportable were determined after certification of the applicable performance metrics. Performance share units will be settled in one installment on or about February 25, 2022, subject to continued employment.

F3: Shares used to satisfy tax withholding of the Reporting Person upon settlement of previously reported awards as required by the award agreement and exempt under Rule 16b-3.

F4: Includes 355 shares acquired under the Issuer's Employee Stock Purchase Plan on December 3, 2021.

F5: This option will vest in three equal installments beginning on February 10, 2023. Option shares will be used to satisfy withholding taxes.