ANDERSON ERIK J 4

What Happened

• Erik J. Anderson, a director of Callaway Golf Co. (CALY), had 18,546 restricted stock units (RSUs) vest and convert into 18,546 shares of common stock on May 21, 2026. The shares were issued at $0.00 (no purchase price). The filing records the derivative conversion (transaction code M) as both an acquisition of common shares and the disposition/termination of the derivative RSUs — this reflects conversion, not a sale of the underlying shares.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-21 (timely).
• Securities: 18,546 shares acquired upon RSU vesting; conversion price reported as $0.00.
• Post-transaction shares owned: not specified in this Form 4.
• Footnotes: F1–F2 confirm these were RSUs that convert one-for-one into common stock; F4 notes the RSUs were granted 5/29/2025 and vest in full on the date of the 2026 Annual Meeting. F3 discloses Anderson’s managerial roles at WestRiver Management LLC and Anderson Family Investments, LLC and disclaims beneficial ownership except for pecuniary interest.
• Transaction code: M — exercise/conversion of derivative security (RSU conversion). The separate "disposed" line reflects the derivative ceasing to exist upon conversion, not an open-market sale.

Context

• This is an award vesting conversion, not an open-market purchase or sale; such events are routine compensation/vesting occurrences and do not by themselves signal a buy or sell decision by the insider.
• Because no shares were sold or purchased for cash, there is no immediate cash flow tied to this filing (tax withholding, if any, is not reported here).