[Form 4] Callaway Golf Co Insider Trading Activity

Callaway Golf President and CEO Oliver G. Brewer III reported several equity transactions dated February 6, 2026.

Rhea-AI Filing Summary

Callaway Golf President and CEO Oliver G. Brewer III reported several equity transactions dated February 6, 2026. A block of 38,885 restricted stock units vested and converted into the same number of common shares at an exercise price of $0. To cover tax withholding on this vesting, 20,644 common shares were withheld at $15.01 per share, leaving 18,241 common shares held directly before being transferred. Brewer then reported a transfer of 18,241 common shares out of his direct holdings and a matching 18,241-share increase in indirect holdings "By Family Trust," reflecting movement of shares into a family trust structure. Additional indirect holdings are listed for a spouse and three sons through separate family trusts.

Insider Trade Summary

38,885 shares exercised/converted

Exercise 9 txns

Insider BREWER OLIVER G III

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	38,885	$0.00	$0.00
Exercise	Common Stock	38,885	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	20,644	$15.01	$310K
Gift	Common Stock	18,241	$0.00	$0.00
Gift	Common Stock	18,241	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 38,885 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 1,002,038 shares (Indirect, By Family Trust); Common Stock — 407,745 shares (Indirect, By Family Trust for Spouse); Common Stock — 189,653 shares (Indirect, By Family Trust for Son 1); Common Stock — 189,653 shares (Indirect, By Family Trust for Son 2); Common Stock — 189,653 shares (Indirect, By Family Trust for Son 3)

Footnotes (5)

1. F1. Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").
2. F2. RSUs convert into common stock on a one-for-one basis.
3. F3. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
4. F4. The RSUs were granted on February 6, 2024 and vest in three equal annual installments beginning on the first anniversary of the grant date.
5. F5. Represents only the unvested portion of the RSUs granted on February 6, 2024 and does not include other RSUs with different vesting terms.

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Accepted by SEC EDGAR 02/06/2026 - 07:03 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BREWER OLIVER G III

(Last) (First) (Middle)

2180 RUTHERFORD ROAD

(Street)

CARLSBAD CA 92008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Callaway Golf Co [ CALY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/06/2026		M		38,885(1)	A	$0(2)	38,885	D
Common Stock	02/06/2026		F		20,644(3)	D	$15.01	18,241	D
Common Stock	02/06/2026		G		18,241	D	$0	0	D
Common Stock	02/06/2026		G		18,241	A	$0	1,002,038	I	By Family Trust
Common Stock								407,745	I	By Family Trust for Spouse
Common Stock								189,653	I	By Family Trust for Son 1
Common Stock								189,653	I	By Family Trust for Son 2
Common Stock								189,653	I	By Family Trust for Son 3

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	02/06/2026	02/06/2026	M			38,885(1)	(4)	(4)	Common Stock	38,885	$0	38,885(5)	D

Explanation of Responses:

1. Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").

2. RSUs convert into common stock on a one-for-one basis.

3. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.

4. The RSUs were granted on February 6, 2024 and vest in three equal annual installments beginning on the first anniversary of the grant date.

5. Represents only the unvested portion of the RSUs granted on February 6, 2024 and does not include other RSUs with different vesting terms.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Oliver G. Brewer III under a Limited Power of Attorney dated November 30, 2023.	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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