Thomas G. Dundon - May 19, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
Director
Signature
/s/ Sarah Kim Attorney-in-Fact for Thomas G. Dundon under a Limited Power of Attorney dated March 8, 2021.
Stock symbol
MODG
Transactions as of
May 19, 2022
Transactions value $
$0
Form type
4
Date filed
5/19/2022, 05:47 PM
Previous filing
Mar 16, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +4.06K +8.78% $0.00 50.3K May 19, 2022 Direct F1, F2
holding MODG Common Stock 18.6M May 19, 2022 By DDFS Partnership LP F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MODG Restricted Stock Units Options Exercise $0 -4.06K -100% $0.00* 0 May 19, 2022 Common Stock 4.06K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").
F2 RSUs convert into common stock on a one-for-one basis.
F3 Mr. Dundon is the sole member of DDFS Management Company LLC, which is the sole general partner of DDFS Partnership LP. As a result, each of Mr. Dundon and DDFS Management Company LLC may be deemed to beneficially own the securities reported herein, but each disclaims such beneficial ownership except to the extent of his or its pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the reporting persons are the beneficial owners of any securities reported herein.
F4 The RSUs were granted on May 19, 2021 and vested on the first anniversary of the grant date.