DOW INC. — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2023-02-09

Reporting Person: Bryant Lisa (Chief Human Resources Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-09	Common Stock	A	3560	—	Acquired	9034	Direct
2023-02-09	Common Stock	A	1015	—	Acquired	10049	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-09	Non-Qualified Stock Option (Right to Buy)	$59.08	A	23090	Acquired	2033-02-09	Common Stock (23090.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	160.63	Indirect
Common Stock	67.031	Indirect

Footnotes

F1: Restricted stock units to be delivered in one installment on or about February 9, 2026, 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 23, 2023, subject to continued employment.

F3: Total includes previously reported restricted stock units.

F4: Adjusted to reflect equivalent share amounts rather than units as reported on the Reporting Person's Form 3 filed December 20, 2022.

F5: This option will vest in three equal installments beginning on February 9, 2024. Option shares will be used to satisfy withholding taxes.