DOW INC. — Director's Dealing 2026

Feb 17, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOW INC. (DOW)
CIK: 0001751788
Period of Report: 2026-02-12

Reporting Person: Cleason Keith (President, Pkg & Spec Plastics)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-12	Common Stock	A	2023	—	Acquired	47318	Direct
2026-02-12	Common Stock	A	10420	—	Acquired	57738	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-12	Non-Qualified Stock Option (Right to Buy)	$32.65	A	56700	Acquired	2036-02-12	Common Stock (56700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4854.947	Indirect
Common Stock	1416.132	Indirect
Common Stock	217.003	Indirect
Common Stock	46.247	Indirect

Footnotes

F1: Performance share units not previously reportable were determined after certification of the applicable performance metrics. Performance share units will be settled in one installment on or about February 26, 2026, subject to continued employment.

F2: Restricted stock units to be delivered in one installment on or about February 12, 2029, subject to continued employment.

F3: Total includes previously reported restricted stock units.

F4: This option will vest in three equal annual installments beginning on February 12, 2027. Option shares will be used to satisfy withholding taxes.