FLEISCHER RUSSELL L 4

What Happened
Russell L. Fleischer, a director of Callaway Golf Co. (CALY), received 18,546 shares on May 29, 2026 when restricted stock units (RSUs) granted to him converted into common stock. The filing shows an acquisition of 18,546 shares at a $0.00 exercise price (code M — exercise/conversion of derivative); no sale of the underlying shares was reported.

Key Details

• Transaction date: 2026-05-29 (reported on same date; filing appears timely).
• Reported transactions: Acquisition of 18,546 shares via conversion of RSUs (exercise/conversion of derivative, code M); a corresponding derivative disposal line reflects the conversion event. Consideration reported: $0.00.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes:
  • F1–F2: These shares were issued upon RSU vesting and convert one-for-one into common stock.
  • F3: The RSUs were granted on 2025-05-29 and vested in full on the first anniversary (2026-05-29).
  • F4: The reported amount reflects only the RSUs from the May 29, 2025 grant and excludes other RSUs with different vesting schedules.

Context
This was a routine vesting/conversion of RSUs, not a market purchase or sale. There is no cash exchanged in this filing and no immediate sale reported, so this transaction does not by itself indicate buying or selling sentiment. For retail investors, RSU vestings are common compensation events for insiders and primarily reflect grant schedules rather than active market trades.