Callaway Golf director granted 8,181 RSUs

FLEISCHER RUSSELL L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

FLEISCHER RUSSELL L reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co director Russell L. Fleischer received an equity award of 8,181 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Callaway common stock. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date. Following this grant, Fleischer holds 8,181 RSUs from this award reported as directly owned.

Insider Trade Summary

Grant/Award: 8,181 shares

Grant/Award 1 txn

Insider FLEISCHER RUSSELL L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	8,181	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 8,181 contracts (Direct)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock.
2. F2. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date.
3. F3. Represents only the RSUs granted on May 21, 2026 and does not include RSUs with different vesting terms.

Key Figures

RSUs granted: 8,181 units Underlying shares: 8,181 shares Post-grant RSUs from this award: 8,181 units +1 more

4 metrics

RSUs granted 8,181 units Restricted Stock Units granted on May 21, 2026

Underlying shares 8,181 shares Each RSU equals one share of common stock

Post-grant RSUs from this award 8,181 units Total RSUs following this reported transaction

Vesting schedule 1-year cliff Vests in full on first anniversary of May 21, 2026 grant

Key Terms

Restricted Stock Units, contingent right, vest in full

3 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"represents a contingent right to receive one share of common stock"

vest in full financial

"granted on May 21, 2026 and vest in full on the first anniversary"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Russell L. Fleischer report for CALY?

Russell L. Fleischer reported receiving a grant of 8,181 Restricted Stock Units. These RSUs give him a contingent right to receive an equal number of Callaway Golf Co common shares, subject to vesting conditions described in the filing.

How many Restricted Stock Units were granted to the CALY director in this Form 4?

The director was granted 8,181 Restricted Stock Units. The filing states that each RSU corresponds to one share of Callaway Golf Co common stock, giving him a potential future claim on 8,181 shares once vesting conditions are satisfied.

When do Russell L. Fleischer’s CALY RSUs reported here vest?

The RSUs granted to Russell L. Fleischer vest in full on the first anniversary of the May 21, 2026 grant date. This means the entire 8,181-unit award becomes deliverable as common stock after one year, assuming vesting conditions are met.

Does this CALY Form 4 show a stock purchase or sale by the director?

The Form 4 does not show an open-market stock purchase or sale. It reports an acquisition of 8,181 Restricted Stock Units as a grant, categorized as a derivative transaction rather than a buy or sell in the market.

What does each CALY Restricted Stock Unit represent in this filing?

Each Restricted Stock Unit represents a contingent right to receive one share of common stock. The filing explains that Fleischer’s 8,181 RSUs could convert into 8,181 shares of Callaway Golf Co once the vesting schedule is satisfied.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 04:37 PM EDT 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
Estimated average burden
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^*

FLEISCHER RUSSELL L

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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	(1)	05/21/2026		A		8,181		(2)	(2)	Common Stock	8,181	$0	8,181(3)	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock.

2. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date.

3. Represents only the RSUs granted on May 21, 2026 and does not include RSUs with different vesting terms.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Russell L. Fleischer under a Limited Power of Attorney dated December 9, 2023.	05/21/2026
	** 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)