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: Wilson Amy E (General Counsel / Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-09	Common Stock	A	7500	—	Acquired	57981	Direct
2023-02-09	Common Stock	A	33650	—	Acquired	91631	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	48700	Acquired	2033-02-09	Common Stock (48700.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	131.886	Indirect
Common Stock	345.55	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 389 shares acquired under the Issuer's Employee Stock Purchase Plan on October 7, 2022 and previously reported restricted stock units.

F4: This option will vest in three equal installments beginning on February 9, 2024. Option shares will be used to satisfy withholding taxes.