Callaway Golf (CALY) CEO gifts 565,400 shares to family trusts

Rhea-AI Filing Summary

Callaway Golf Co President and CEO Oliver G. Brewer III reported a series of bona fide gifts of the company’s common stock. On March 18, 2026, he completed nine gift transactions totaling 565,400 shares, according to the Form 4 transaction summary.

The shares were transferred for no consideration to various family trusts and to his spouse as part of estate planning. A footnote explains that Brewer or his spouse serves as trustee of each recipient trust, so he retains beneficial ownership of the transferred shares. These are non-market, non-cash gifts rather than open‑market stock sales or purchases.

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^*

BREWER OLIVER G III

(Last) (First) (Middle)

2180 RUTHERFORD ROAD

(Street)

CARLSBAD CALIFORNIA 92008

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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

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

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

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	03/18/2026		G(1)		141,350	D	$0	941,785	I	By Family Trust
Common Stock	03/18/2026		G(1)		70,675	A	$0	70,675	D
Common Stock	03/18/2026		G(1)		70,675	A	$0	70,675	I	By Spouse
Common Stock	03/18/2026		G(1)		70,675	D	$0	0	D
Common Stock	03/18/2026		G(1)		70,675	A	$0	478,420	I	By Family Trust for Spouse
Common Stock	03/18/2026		G(1)		70,675	D	$0	0	I	By Spouse
Common Stock	03/18/2026		G(1)		23,559	A	$0	213,212	I	By Family Trust for Son 1
Common Stock	03/18/2026		G(1)		23,558	A	$0	213,211	I	By Family Trust for Son 2
Common Stock	03/18/2026		G(1)		23,558	A	$0	213,211	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

Explanation of Responses:

1. The transactions reported on this form represent transfers of common shares, for no consideration, to various trusts for the benefit of immediate family members for estate planning purposes. The Reporting Person or his spouse is a trustee of each recipient trust, and, accordingly, the Reporting Person retains beneficial ownership of the shares.

Remarks:

	/s/ Heather D. McAllister Attorney-in-Fact for Oliver G. Brewer III under a Limited Power of Attorney dated November 30, 2023.	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Callaway Golf (CALY) CEO Oliver Brewer report on this Form 4?

He reported a series of bona fide gifts of Callaway Golf common stock. The filing shows nine gift transactions on March 18, 2026, transferring shares to family-related entities and his spouse for estate planning purposes, with no cash consideration involved.

How many Callaway Golf (CALY) shares were gifted by the CEO?

The Form 4 transaction summary reports gifts totaling 565,400 shares of Callaway Golf common stock. These shares were distributed across multiple trusts for immediate family members and to his spouse, reflecting a sizable estate planning transfer rather than a market sale.

Were Oliver Brewer’s Callaway Golf (CALY) share gifts open-market sales?

No, they were not open-market sales. Each transaction is coded as a bona fide gift with a price per share of $0.00, indicating transfers for no consideration to family trusts and his spouse, rather than sales through the stock market.

Does the Callaway Golf (CALY) CEO retain ownership after these gifted shares?

A footnote states that Brewer or his spouse is a trustee of each recipient trust. As a result, he retains beneficial ownership of the gifted shares, meaning he is still considered the ultimate owner even though legal title resides with the trusts or spouse.

Why were these Callaway Golf (CALY) share transfers made?

The footnote explains the transfers were made for estate planning purposes. Shares were moved, for no consideration, to various family trusts benefiting immediate family members and to his spouse, formalizing family holdings without changing them into cash transactions.

How many gift transactions are disclosed in this Callaway Golf (CALY) Form 4?

The transaction summary lists nine separate gift transactions. Each involves Callaway Golf common stock coded as a bona fide gift, collectively covering 565,400 shares and allocated among different family trusts and a spouse-related holding structure.