ANDERSON ERIK J 4

What Happened
Erik J. Anderson, a director of Callaway Golf Co. (CALY), disposed of 70,000 shares in open-market sales across Feb 17–19, 2026. Transactions reported: 40,000 shares on 2026-02-17 at a weighted avg $13.43 for $537,200; 20,000 shares on 2026-02-18 at $13.64 for $272,800; and 10,000 shares on 2026-02-19 at $13.98 for $139,800. Total proceeds from these sales were about $949,800. These were sales (code S) — disposals rather than purchases.

Key Details

• Transaction dates and reported amounts:
  • 2026-02-17: 40,000 shares @ $13.43 (weighted avg) — $537,200 (prices in that block ranged $13.20–$13.75; see footnote F1)
  • 2026-02-18: 20,000 shares @ $13.64 — $272,800 (prices in that block ranged $13.58–$13.70; see footnote F3)
  • 2026-02-19: 10,000 shares @ $13.98 — $139,800
• Shares owned after the transactions: not specified in the filing.
• Filing date: Form 4 filed 2026-02-19 (covers trades on Feb 17–19, 2026).
• Notable footnotes:
  • F1/F3: Some reported prices are weighted averages; seller can provide exact per-trade prices within the stated ranges.
  • F2: Anderson is sole member/manager of related LLCs (WestRiver Management and Anderson Family Investments) and may be deemed to beneficially own securities held by those entities but disclaims beneficial ownership except to the extent of any pecuniary interest.

Context
These were ordinary open-market sales. Sales by insiders can be for many reasons (portfolio rebalancing, liquidity, taxes) and do not by themselves indicate company performance or insider sentiment. Purchases generally carry more informational weight for investors.