Karen S. Carter - 12 Feb 2026 Form 4 Insider Report for DOW INC. (DOW)

Role: Chief Operating Officer
Signature: /s/ Karen S. Carter
Issuer symbol: DOW
Transactions as of: 12 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 17 Feb 2026, 17:21:07 UTC
Previous filing: 11 Feb 2026
Next filing: 02 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Carter Karen S	Chief Operating Officer	2211 H.H. DOW WAY, MIDLAND	/s/ Karen S. Carter	17 Feb 2026	0001772252

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOW	Common Stock	Award	$0	+10,224	+8.6%	$0.000000	128,860	12 Feb 2026	Direct	F1
transaction	DOW	Common Stock	Award	$0	+24,440	+19%	$0.000000	153,300	12 Feb 2026	Direct	F2, F3
holding	DOW	Common Stock						1,240	12 Feb 2026	By 401(k) Plan
holding	DOW	Common Stock						321	12 Feb 2026	By 401(k) Plan ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DOW	Non-Qualified Stock Option (Right to Buy)	Award	$0	+132,990		$0.000000	132,990	12 Feb 2026	Common Stock	132,990	$32.65	Direct	F4
holding	DOW	Phantom Stock Units						12,504	12 Feb 2026	Common Stock	12,504		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
F5	There is generally no conversion price for these phantom stock units. Each phantom stock unit is the equivalent of one share of common stock of the Issuer.
F6	Phantom stock units accrue under a compensation deferral election. Phantom stock units are payable in cash in lump sum or installments at the election of the Reporting Person, and do not carry an exercisable date or expiration date.