BREWER OLIVER G III 4

What Happened

• Oliver G. Brewer III, President, CEO and a director of Callaway Golf Co. (CALY), reported gift transactions on 2026-03-19. The filing shows one gift disposition of 6,600 shares (reported at $0.00) and three gift acquisitions of 2,200 shares each (each at $0.00). The transfers were made for no consideration and are described as moves to various trusts for immediate family members.
• Total shares directly moved in the filing: 6,600 shares disposed and 6,600 shares accepted into trusts (three lots of 2,200). All transactions were reported as gifts (code G) with $0 value; no cash changed hands.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 20, 2026 (timely).
• Price: $0.00 per share (gifts).
• Shares owned after transaction: Not specified on the filing; footnote states the Reporting Person (or spouse) is a trustee of each recipient trust and therefore retains beneficial ownership of the shares.
• Footnote: Transfers are to various trusts for estate planning; beneficial ownership is retained by the Reporting Person (F1).
• Filing appears routine and not part of a 10b5-1 plan or tax-withholding event (none disclosed).

Context

• Gifts to family trusts are commonly used for estate planning and do not necessarily reflect a view on the stock. Because Brewer (or his spouse) serves as trustee, the filing indicates he continues to beneficially own the shares despite the formal transfer.
• For retail investors, purchases are typically more informative than gifts; this filing is an administrative/estate-planning move rather than a market sale or buy signal.