DOW INC. — Director's Dealing 2024

Apr 9, 2024

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2024-04-01

Reporting Person: Lange Philo Brendy (President, Perf Mat & Coatings)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3428	Direct
Common Stock	354.803	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (Right to Buy)	$72.77	2028-02-15	Common Stock (1193)		Direct
Non-Qualified Stock Option (Right to Buy)	$54.89	2029-02-11	Common Stock (4320)		Direct
Non-Qualified Stock Option (Right to Buy)	$48.30	2030-02-13	Common Stock (3303)		Direct
Non-Qualified Stock Option (Right to Buy)	$57.67	2031-02-11	Common Stock (7501)		Direct
Non-Qualified Stock Option (Right to Buy)	$60.95	2032-02-10	Common Stock (7221)		Direct
Non-Qualified Stock Option (Right to Buy)	$59.08	2033-02-09	Common Stock (7388)		Direct
Non-Qualified Stock Option (Right to Buy)	$55.17	2034-02-15	Common Stock (8777)		Direct

Footnotes

F1: Total includes restricted stock units to be delivered in one installment on or about the following dates, subject to continued employment: 985 shares on February 10, 2025; 1,138 shares on February 9, 2026; and 1,305 shares on February 15, 2027.

F2: This option is fully vested and exercisable.

F3: Two-thirds of this option is exercisable. The remaining one-third will vest on February 10, 2025. Option shares will be used to satisfy withholding taxes.

F4: One-third of this option is exercisable. The remaining two-thirds will vest in equal installments on February 9, 2025 and February 9, 2026. Option shares will be used to satisfy withholding taxes.

F5: This option will vest in three equal installments beginning on February 15, 2025. Option shares will be used to satisfy withholding taxes.