Mark F. Leposky - Mar 8, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role: EVP, Global Operations
Signature: /s/ Sarah Kim Attorney-in-Fact for Mark F. Leposky under a Limited Power of Attorney dated February 1, 2019.
Stock symbol: MODG
Transactions as of: Mar 8, 2022
Transactions value $: -$32,265
Form type: 4
Date filed: 3/10/2022, 04:12 PM
Previous filing: Feb 22, 2022
Next filing: Feb 14, 2023
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	+3.01K	+1.18%	$0.00	257K	Mar 8, 2022	Direct	F1, F2
transaction	MODG	Common Stock	Tax liability	-$32.3K	-1.49K	-0.58%	$21.64	256K	Mar 8, 2022	Direct	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	-3.01K	-33.33%	$0.00	6.01K	Mar 8, 2022	Common Stock	3.01K	$0.00	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.