Callaway director gains 18,546 shares via RSU vest

Callaway Golf Co director Bavan Holloway reported the vesting of equity awards rather than an open-market trade.

Rhea-AI Filing Summary

Callaway Golf Co director Bavan Holloway reported the vesting of equity awards rather than an open-market trade. On May 29, 2026, Restricted Stock Units converted into 18,546 shares of common stock on a one-for-one basis. These RSUs were granted on May 29, 2025 and vested in full on their first anniversary. Following the conversion, Holloway holds 41,447 shares of Callaway Golf common stock directly.

Insider Trade Summary

18,546 shares exercised/converted

Exercise 2 txns

Insider Holloway Bavan

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	18,546	$0.00	$0.00
Exercise	Common Stock	18,546	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 41,447 shares (Direct)

Footnotes (4)

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. The RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date.
4. F4. Represents only the RSUs granted on May 29, 2025 and does not include RSUs with different vesting terms.

Key Figures

Shares from RSU vesting: 18,546 shares Post-transaction holdings: 41,447 shares RSU conversion ratio: 1:1 +1 more

4 metrics

Shares from RSU vesting 18,546 shares Common stock issued upon RSU vesting on May 29, 2026

Post-transaction holdings 41,447 shares Common stock held directly after transactions

RSU conversion ratio 1:1 RSUs convert into common stock on a one-for-one basis

RSU grant date May 29, 2025 Grant date of RSUs that vested in full after one year

Key Terms

Restricted Stock Units, RSUs, Exercise or conversion of derivative security, derivative

4 terms

Restricted Stock Units financial

"Represents the number of shares of common stock issued upon the vesting of Restricted Stock Units"

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.

RSUs financial

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

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security"

derivative financial

"transaction_type": "derivative""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

FAQ

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

What insider transaction did Callaway Golf (CALY) report for Bavan Holloway?

Callaway Golf reported that director Bavan Holloway had Restricted Stock Units vest into 18,546 shares of common stock. This reflects equity compensation becoming shares, not an open-market stock purchase or sale.

Did Bavan Holloway buy or sell Callaway Golf (CALY) shares on the market?

The filing shows no market buy or sell. Instead, 18,546 shares were issued upon vesting of previously granted Restricted Stock Units, representing compensation converting into common stock at no cash cost per share.

How many Callaway Golf (CALY) shares did Bavan Holloway receive from RSU vesting?

Bavan Holloway received 18,546 shares of Callaway Golf common stock when her Restricted Stock Units vested. The RSUs convert into common stock on a one-for-one basis according to the disclosure footnotes.

What is Bavan Holloway’s Callaway Golf (CALY) shareholding after this Form 4?

After the RSU vesting and conversion, Bavan Holloway directly holds 41,447 shares of Callaway Golf common stock. This total reflects the newly issued shares plus her prior direct holdings reported in the filing.

When were the Callaway Golf (CALY) RSUs granted and when did they vest?

The Restricted Stock Units were granted on May 29, 2025 and vested in full on the first anniversary of that grant date. Upon vesting, they converted into an equal number of Callaway Golf common shares.

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

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Accepted by SEC EDGAR 05/29/2026 - 04:35 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^*

Holloway Bavan

(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)
05/29/2026

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	05/29/2026		M		18,546(1)	A	$0(2)	41,447	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
Restricted Stock Units	(2)	05/29/2026		M			18,546(1)	(3)	(3)	Common Stock	18,546	$0	0(4)	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. The RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date.

4. Represents only the RSUs granted on May 29, 2025 and does not include RSUs with different vesting terms.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Bavan M. Holloway under a Limited Power of Attorney dated December 10, 2023.	05/29/2026
	** 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)