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: Gregorio Mauro (President, Perf Mat & Coatings)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	A	4310	—	Acquired	18298	Direct
2022-02-10	Common Stock	A	6534	—	Acquired	24832	Direct
2022-02-11	Common Stock	D	1149	$61.09	Disposed	23683	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	31590	Acquired	2032-02-10	Common Stock (31590.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22333	Indirect
Common Stock	15.7173	Indirect
Common Stock	280.0415	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: This option will vest in three equal installments beginning on February 10, 2023. Option shares will be used to satisfy withholding taxes.