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: Ungerleider Howard I (President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	A	11470	—	Acquired	117492	Direct
2022-02-11	Common Stock	D	3286	$61.09	Disposed	114206	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	84120	Acquired	2032-02-10	Common Stock (84120.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	133952	Indirect
Common Stock	325.0519	Indirect
Common Stock	924.6439	Indirect

Footnotes

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

F2: 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.

F3: Includes 355 shares acquired under the Issuer's Employee Stock Purchase Plan on December 3, 2021.

F4: This option will vest in three equal installments beginning on February 10, 2023. Option shares will be used to satisfy withholding taxes.