DOW INC. — Director's Dealing 2024

Feb 21, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2024-02-15

Reporting Person: Wilson Amy E (General Counsel / Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-15	Common Stock	A	8360	—	Acquired	82388	Direct
2024-02-16	Common Stock	M	2937	$50.07	Acquired	85325	Direct
2024-02-16	Common Stock	D	2720	$55.90	Disposed	82605	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-15	Non-Qualified Stock Option (Right to Buy)	$55.17	A	56160	Acquired	2034-02-15	Common Stock (56160)	Direct
2024-02-16	Non-Qualified Stock Option (Right to Buy)	$50.07	M	2937	Disposed	2025-02-13	Common Stock (2937)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	346.289	Indirect
Common Stock	156.993	Indirect

Footnotes

F1: Restricted stock units to be delivered in one installment on or about February 15, 2027, subject to continued employment.

F2: 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.

F3: Total includes previously reported restricted stock units.

F4: This option will vest in three equal installments beginning on February 15, 2025. Option shares will be used to satisfy withholding taxes.

F5: This option is fully vested and exercisable.