DOW INC. — Director's Dealing 2023

Feb 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2023-02-15

Reporting Person: Palmieri Jane (President, Ind Interm & Infras)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-15	Common Stock	M	11146	$32.57	Acquired	124153	Direct
2023-02-15	Common Stock	E	7526	$59.76	Disposed	116627	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-15	Non-Qualified Stock Option (Right to Buy)	$32.57	M	11146	Disposed	2023-02-15	Common Stock (11146.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8434	Indirect
Common Stock	263	Indirect
Common Stock	559.156	Indirect
Common Stock	117.777	Indirect

Footnotes

F1: Represents shares withheld by the company to satisfy the payment of the exercise price and withholding tax obligation through a net settlement on the exercise date; share withholding was implemented pursuant to the award agreement and is exempt under Rule 16b-3.

F2: Total includes previously reported restricted stock units.

F3: This option is fully vested and exercisable.