Callaway Golf director granted 1,657 shares

Callaway Golf director Mark D. Mandel received stock instead of a cash retainer, adding 1,657 CALY shares to his direct holdings.

Rhea-AI Filing Summary

Callaway Golf Co (symbol: CALY) is the issuer of record for a Form 4 filing submitted to the SEC. Mandel Mark D. reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co (CALY) reported that director Mark D. Mandel received a grant of 1,657 shares of common stock on September 15, 2026. The shares were issued at no cash price as a stock payment in lieu of the quarterly cash retainer, bringing his directly held shares to 1,657.

Insider Trade Summary

Grant/Award: 1,657 shares

Grant/Award 1 txn

Insider Mandel Mark D.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,657	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,657 shares (Direct)

Footnotes (1)

1. F1. 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 September 30, 2026.

Key Figures

Shares granted: 1,657 shares Price per share: $0.00 per share Holdings after transaction: 1,657 shares +1 more

4 metrics

Shares granted 1,657 shares Common stock granted to director Mark D. Mandel on September 15, 2026

Price per share $0.00 per share Stated grant price for the 1,657 compensation shares

Holdings after transaction 1,657 shares Director Mark D. Mandel’s directly held Callaway Golf Co common shares following the grant

Quarter covered by stock retainer Quarter ending September 30, 2026 Period for which the stock grant was issued in lieu of a cash retainer

Key Terms

non-employee director compensation program, cash retainer, in lieu of

3 terms

non-employee director compensation program financial

"under the issuers non-employee director compensation program for the quarter ending"

cash retainer financial

"issued in lieu of the cash retainer otherwise payable to the reporting person"

in lieu of financial

"The shares were issued in lieu of the cash retainer otherwise payable"

FAQ

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

What insider transaction did CALY disclose for director Mark D. Mandel?

Callaway Golf Co disclosed that director Mark D. Mandel was granted 1,657 shares of common stock on September 15, 2026, as part of his non-employee director compensation, with no cash paid per share.

Was the September 15, 2026 CALY insider grant made under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with director Mark D. Mandel’s September 15, 2026 stock grant.

How many CALY shares does Mark D. Mandel hold after this Form 4 transaction?

After the reported transaction, director Mark D. Mandel directly holds 1,657 shares of Callaway Golf Co common stock, as stated in the Form 4.

What was the price per share for the CALY stock granted to Mark D. Mandel?

The 1,657 shares of Callaway Golf Co common stock granted to Mark D. Mandel on September 15, 2026 were issued at a stated price of $0.00 per share, reflecting that they were compensation shares rather than a cash purchase.

Why did Callaway Golf Co issue 1,657 CALY shares to Mark D. Mandel?

The company states that the 1,657 shares were issued in lieu of the cash retainer otherwise payable to Mark D. Mandel under the non-employee director compensation program for the quarter ending September 30, 2026.

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

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Available on EDGAR 09/16/2026 - 04:04 PM Accepted by SEC EDGAR 09/16/2026 - 04:04 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
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^*

Mandel Mark D.

(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)
09/15/2026

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	09/15/2026		A		1,657(1)	A	$0	1,657	D

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 September 30, 2026.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Mark D. Mandel under a Limited Power of Attorney dated April 16, 2026.	09/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)