DOW INC. — Director's Dealing 2023

Feb 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2023-02-08

Reporting Person: Edmonds Ronald C (Controller and Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-08	Common Stock	M	25551	$47.31	Acquired	35793	Direct
2023-02-08	Common Stock	D	21474	$60.28	Disposed	14319	Direct
2023-02-08	Common Stock	G	4077	—	Disposed	10242	Direct
2023-02-08	Common Stock	G	4077	—	Acquired	47760	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-08	Non-Qualified Stock Option (Right to Buy)	$47.31	M	25551	Disposed	2024-02-14	Common Stock (25551.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	45.436	Indirect
Common Stock	30	Indirect
Common Stock	2116.842	Indirect
Common Stock	2458.925	Indirect

Footnotes

F1: Shares used to satisfy the exercise price and tax withholding of the Reporting Person upon exercise of options as required by the award agreement and exempt under Rule 16b-3.

F2: Total includes previously reported restricted stock units.

F3: This option is fully vested and exercisable.