Callaway Golf director gains 18,546 shares via RSUs

Callaway Golf Co director John F. Lundgren increased his direct stake through equity compensation.

Rhea-AI Filing Summary

Callaway Golf Co director John F. Lundgren increased his direct stake through equity compensation. On May 29, he acquired 18,546 shares of common stock when an equal number of Restricted Stock Units (RSUs) vested and converted one-for-one into shares at no cost. These RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date. After the vesting and conversion, he directly holds 120,956 shares of Callaway Golf common stock, with no remaining RSUs from this specific grant.

Insider Trade Summary

18,546 shares exercised/converted

Exercise 2 txns

Insider LUNDGREN JOHN F

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 — 120,956 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

RSU shares vested: 18,546 shares Shares held after transaction: 120,956 shares RSU grant date: May 29, 2025 +2 more

5 metrics

RSU shares vested 18,546 shares Restricted Stock Units converting into common stock on May 29

Shares held after transaction 120,956 shares Director’s direct Callaway Golf common stock holdings after RSU vesting

RSU grant date May 29, 2025 Grant date of RSUs that vested in full on first anniversary

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

Exercise/convert price $0.00 per share Price per share for RSUs converting into common stock

Key Terms

Restricted Stock Units, RSUs convert into common stock on a one-for-one basis, derivative security, vested in full

4 terms

Restricted Stock Units financial

"Represents the number of shares of common stock issued upon the vesting of Restricted Stock Units ("RSUs")."

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 convert into common stock on a one-for-one basis financial

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

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vested in full financial

"The RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date."

FAQ

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

What insider transaction did Callaway Golf (CALY) disclose for John F. Lundgren?

Callaway Golf disclosed that director John F. Lundgren acquired 18,546 common shares through RSU vesting. These shares were issued when 18,546 Restricted Stock Units converted into stock on May 29, following their full vesting on the first anniversary of the grant.

How many Callaway Golf (CALY) shares does John F. Lundgren hold after this Form 4 filing?

After the RSU vesting, John F. Lundgren directly holds 120,956 Callaway Golf common shares. This total reflects the addition of 18,546 shares issued upon the one-for-one conversion of vested Restricted Stock Units granted on May 29, 2025.

What triggered the 18,546-share issuance in Callaway Golf (CALY) director’s Form 4?

The 18,546-share issuance was triggered by the vesting of an equal number of Restricted Stock Units. These RSUs were granted on May 29, 2025 and vested in full on the first anniversary of that grant, converting into common stock on a one-for-one basis.

Were the Callaway Golf (CALY) shares in this Form 4 an open-market purchase or RSU vesting?

The shares resulted from RSU vesting rather than an open-market purchase. The Form 4 shows an exercise or conversion of derivative securities, where 18,546 Restricted Stock Units converted into the same number of common shares at a price of $0.00 per share.

What do the footnotes reveal about the RSUs in the Callaway Golf (CALY) Form 4?

The footnotes explain that the 18,546 shares represent common stock issued upon RSU vesting. They note RSUs convert one-for-one into common stock, were granted on May 29, 2025, vested in full one year later, and exclude other RSUs with different vesting terms.

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

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

LUNDGREN JOHN F

(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)	120,956	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 John F. Lundgren under a Limited Power of Attorney dated December 13, 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)