DOW INC. — Director's Dealing 2024

Feb 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2024-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-07	Common Stock	M	47200	$50.07	Acquired	146112	Direct
2024-02-07	Common Stock	D	44603	$54.26	Disposed	101509	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-07	Non-Qualified Stock Option (Right to Buy)	$50.07	M	47200	Disposed	2025-02-13	Common Stock (47200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	245194	Indirect
Common Stock	1768.335	Indirect
Common Stock	2322.112	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: The price is a weighted average price. The shares were sold in multiple transactions at prices ranging from $54.23 to $54.275. Reporting Person agrees to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F3: Total includes previously reported restricted stock units.

F4: This option is fully vested and exercisable.