DOW INC

Ticker: DOW CUSIP: 260557103 Class: COM

Bell Bank's Holding History (CIK: 0001002672)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 246,954 Value ($000) $5,774 Avg Close $22.78 Range $20.35 - $25.67

Q3 2025

Shares 249,306 Value ($000) $5,717 Avg Close $24.31 Range $19.82 - $30.04

Q2 2025

Shares 219,755 Value ($000) $5,819 Avg Close $27.80 Range $23.75 - $33.33

Q1 2025

Shares 189,766 Value ($000) $6,627 Avg Close $35.96 Range $32.16 - $39.24

Q4 2024

Shares 161,246 Value ($000) $6,471 Avg Close $42.94 Range $36.15 - $50.94

Q3 2024

Shares 130,446 Value ($000) $7,126 Avg Close $47.92 Range $45.35 - $50.99

Q2 2024

Shares 149,266 Value ($000) $7,919 Avg Close $51.21 Range $47.23 - $54.19

Q1 2024

Shares 151,216 Value ($000) $8,760 Avg Close $48.96 Range $45.89 - $52.45

Q4 2023

Shares 148,061 Value ($000) $8,120 Avg Close $44.66 Range $41.11 - $49.29

Q3 2023

Shares 146,932 Value ($000) $7,576 Avg Close $46.31 Range $43.56 - $48.52

Q2 2023

Shares 147,637 Value ($000) $7,863 Avg Close $45.25 Range $41.52 - $48.90

Q1 2023

Shares 156,539 Value ($000) $8,581 Avg Close $47.30 Range $41.67 - $50.93

Q4 2022

Shares 147,303 Value ($000) $7,423 Avg Close $40.52 Range $35.40 - $44.20

Q3 2022

Shares 158,028 Value ($000) $6,942 Avg Close $41.46 Range $35.51 - $45.94

Q2 2022

Shares 135,154 Value ($000) $6,975 Avg Close $51.79 Range $41.05 - $57.91

Q1 2022

Shares 120,999 Value ($000) $7,710 Avg Close $48.26 Range $43.47 - $52.33

Q4 2021

Shares 102,717 Value ($000) $5,826 Avg Close $45.04 Range $41.46 - $48.11

Q3 2021

Shares 85,285 Value ($000) $4,909 Avg Close $47.81 Range $43.42 - $51.38

Q2 2021

Shares 52,565 Value ($000) $3,326 Avg Close $51.06 Range $46.56 - $55.35

Q1 2021

Shares 50,302 Value ($000) $3,216 Avg Close $45.81 Range $39.10 - $51.82

Q4 2020

Shares 48,565 Value ($000) $2,695 Avg Close $39.03 Range $33.35 - $43.77

Q3 2020

Shares 47,442 Value ($000) $2,232 Avg Close $33.48 Range $29.02 - $38.79

Q2 2020

Shares 49,674 Value ($000) $2,025 Avg Close $26.85 Range $19.60 - $34.03

Q4 2019

Shares 5,219 Value ($000) $286 Avg Close $36.70 Range $30.99 - $39.78

Q3 2019

Shares 5,219 Value ($000) $249 Avg Close $32.74 Range $28.12 - $36.85

Q2 2019

Shares 5,241 Value ($000) $258 Avg Close $36.37 Range $32.51 - $41.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	246,954	$5,774	$22.78	$20.35 - $25.67
Q3 2025	249,306	$5,717	$24.31	$19.82 - $30.04
Q2 2025	219,755	$5,819	$27.80	$23.75 - $33.33
Q1 2025	189,766	$6,627	$35.96	$32.16 - $39.24
Q4 2024	161,246	$6,471	$42.94	$36.15 - $50.94
Q3 2024	130,446	$7,126	$47.92	$45.35 - $50.99
Q2 2024	149,266	$7,919	$51.21	$47.23 - $54.19
Q1 2024	151,216	$8,760	$48.96	$45.89 - $52.45
Q4 2023	148,061	$8,120	$44.66	$41.11 - $49.29
Q3 2023	146,932	$7,576	$46.31	$43.56 - $48.52
Q2 2023	147,637	$7,863	$45.25	$41.52 - $48.90
Q1 2023	156,539	$8,581	$47.30	$41.67 - $50.93
Q4 2022	147,303	$7,423	$40.52	$35.40 - $44.20
Q3 2022	158,028	$6,942	$41.46	$35.51 - $45.94
Q2 2022	135,154	$6,975	$51.79	$41.05 - $57.91
Q1 2022	120,999	$7,710	$48.26	$43.47 - $52.33
Q4 2021	102,717	$5,826	$45.04	$41.46 - $48.11
Q3 2021	85,285	$4,909	$47.81	$43.42 - $51.38
Q2 2021	52,565	$3,326	$51.06	$46.56 - $55.35
Q1 2021	50,302	$3,216	$45.81	$39.10 - $51.82
Q4 2020	48,565	$2,695	$39.03	$33.35 - $43.77
Q3 2020	47,442	$2,232	$33.48	$29.02 - $38.79
Q2 2020	49,674	$2,025	$26.85	$19.60 - $34.03
Q4 2019	5,219	$286	$36.70	$30.99 - $39.78
Q3 2019	5,219	$249	$32.74	$28.12 - $36.85
Q2 2019	5,241	$258	$36.37	$32.51 - $41.48