Callaway Golf (CALY) director receives 2,056-share stock retainer grant

Rhea-AI Filing Summary

Ogunlesi Adebayo O. reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co director Adebayo O. Ogunlesi received 2,056 shares of common stock as a grant under the company’s non‑employee director compensation program. The shares were issued in lieu of the cash retainer for the quarter ending March 31, 2026.

After this stock award, he holds 138,778 shares directly. He also has indirect holdings of 100,000 shares through Raynham I LLC, where he and his spouse are the sole members, and 845,284 shares held jointly with his spouse.

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

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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^*

Ogunlesi Adebayo O.

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		A		2,056(1)	A	$0	138,778	D
Common Stock								100,000	I	By Raynham I LLC(2)
Common Stock								845,284	I	Held with Spouse in JTWROS

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

Explanation of Responses:

1. The shares were issued in lieu of the cash retainer otherwise payable to the reporting person under the issuers non-employee director compensation program for the quarter ending March 31, 2026.

2. Represents shares of common stock held by Raynham I LLC. The Reporting Person and his spouse are the sole member of Raynham I LLC.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Adebayo O. Ogunlesi under a Limited Power of Attorney dated December 13, 2023.	03/16/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Adebayo O. Ogunlesi report at Callaway Golf Co (CALY)?

Ogunlesi reported receiving 2,056 shares of Callaway Golf common stock as a grant. The award was issued instead of a cash retainer under the non‑employee director compensation program for the quarter ending March 31, 2026.

Was the Ogunlesi Form 4 transaction a market purchase or sale of CALY shares?

The Form 4 shows a grant of 2,056 Callaway Golf shares, not a market trade. The shares were issued as stock compensation in place of a cash retainer, so no open‑market buying or selling occurred in this reported transaction.

How many Callaway Golf (CALY) shares does Ogunlesi hold directly after this grant?

Following the 2,056‑share grant, Ogunlesi directly holds 138,778 Callaway Golf common shares. This figure reflects his direct ownership position after the stock award reported in the Form 4 filing on the company’s common stock.

What indirect Callaway Golf (CALY) holdings are associated with Ogunlesi on this Form 4?

The filing lists 100,000 Callaway Golf shares held indirectly through Raynham I LLC, where Ogunlesi and his spouse are sole members. It also shows 845,284 shares held indirectly with his spouse in a joint tenancy with right of survivorship arrangement.

Why did Callaway Golf grant 2,056 shares to Ogunlesi instead of paying cash?

The 2,056 shares were issued in lieu of the cash retainer otherwise payable to Ogunlesi. This reflects Callaway Golf’s non‑employee director compensation program for the quarter ending March 31, 2026, which allows compensation to be delivered in stock.

Does the Ogunlesi Form 4 indicate any derivative securities or option exercises in CALY?

The Form 4 data shows no derivative security transactions or option exercises for Ogunlesi. All reported positions relate to Callaway Golf common stock, including the 2,056‑share grant and indirect holdings through Raynham I LLC and joint ownership with his spouse.