Brian P. Lynch - 08 Mar 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role: EVP, CFO
Signature: /s/ Sarah Kim Attorney-in-Fact for Brian P. Lynch under a Limited Power of Attorney dated February 1, 2019.
Issuer symbol: MODG
Transactions as of: 08 Mar 2022
Net transactions value: -$200,711
Form type: 4
Filing time: 10 Mar 2022, 16:08:42 UTC
Previous filing: 22 Feb 2022
Next filing: 15 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODG	Common Stock	Options Exercise	$0	+17,182	+83%	$0.000000	37,862	08 Mar 2022	Direct	F1, F2
transaction	MODG	Common Stock	Tax liability	$200,711	-9,275	-24%	$21.64	28,587	08 Mar 2022	Direct	F3
holding	MODG	Common Stock						21,575	08 Mar 2022	By Family Trust

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	-17,182	-33%	$0.000000	34,364	08 Mar 2022	Common Stock	17,182	$0.000000	Direct	F1, F2, F4, F5

* 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	Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
F4	The RSUs were granted on March 8, 2021 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F5	Represents only the unvested portion of the RSUs granted on March 8, 2021 and does not include other RSUs with different vesting terms.