THORNLEY ANTHONY S 4

What Happened Anthony S. Thornley, 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 29, 2026. The Form 4 shows an acquisition of 18,546 shares at $0.00 (RSU vesting/conversion) and a corresponding derivative-entry disposition at $0.00 reflecting the conversion mechanics; no cash changed hands and no open‑market sale was reported. This is a routine equity compensation event rather than a purchase or sale signaling a change in market sentiment.

Key Details

• Transaction date: 2026-05-29
• Reported transactions: 18,546 shares acquired at $0.00 (vesting/conversion of RSUs); matching 18,546-share derivative disposition at $0.00
• Shares owned after transaction: Not reported in the provided Form 4 data
• Footnotes: F1–F4 state these shares represent RSUs granted on 2026-05-29 (grant date May 29, 2025), which vested in full on the first anniversary and convert one-for-one into common stock; the entry covers only that grant tranche
• Timeliness: Filing date and period of report are both 2026-05-29 — this appears to be a timely report

Context This filing documents RSU vesting (equity compensation) rather than an open-market buy or sell. The derivative (M) code reflects conversion/exercise mechanics used to report the issuance of shares upon vesting. Such grants are typically part of director compensation and are routine; they do not, by themselves, indicate insider buying or selling intent.