DOW INC. — Director's Dealing 2023

Feb 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2023-02-03

Reporting Person: Fitterling James R (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-03	Common Stock	M	10998	$47.31	Acquired	109978	Direct
2023-02-03	Common Stock	D	9381	$59.8501	Disposed	100597	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-03	Non-Qualified Stock Option (Right to Buy)	$47.31	M	10998	Disposed	2024-02-14	Common Stock (10998.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	236080	Indirect
Common Stock	1284.046	Indirect
Common Stock	2322.058	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: Includes 180 shares to correct an administrative error in the number of shares reported as a gift on the Reporting Person's Form 4 filed March 4, 2022.

F3: This option is fully vested and exercisable.