Callaway Golf : Initial Statement of Beneficial Ownership (Form 3)

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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5 (Print or Type Responses) 1. Name and Address of Reporting Person * Reed Timothy R. 2. Date of Event Requiring Statement (Month/Day/Year) 02/25/2026 3. Issuer Name and Ticker or Trading Symbol Callaway Golf Co [CALY] (Last) (First) (Middle) 2180 RUTHERFORD ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, R&D and Tour 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) CARLSBAD, CA 92008 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned 1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 161,276 D Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02) Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (1) (2) (2) Common Stock 5,384 $0 D Restricted Stock Units (1) (3) (3) Common Stock 34,091 $0 D Restricted Stock Units (1) (4) (4) Common Stock 12,988 $0 D Restricted Stock Units (1) (5) (5) Common Stock 31,186 $0 D Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Reed Timothy R. 2180 RUTHERFORD ROAD CARLSBAD, CA 92008 EVP, R&D and Tour Signatures /s/ Clinton Foss Attorney-in-Fact for Timothy R. Reed under a Limited Power of Attorney dated February 5, 2026. 02/26/2026 ** Signature of Reporting Person Date Explanation of Responses: * If the form is filed by more than one reporting person, see Instruction 5(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). (1) Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of common stock. (2) The RSUs were granted on February 6, 2024 and vest on February 6, 2027. (3) The RSUs were granted on March 14, 2025 and vest in three equal annual installments beginning on the first anniversary of the grant date. (4) The RSUs were granted on August 26, 2025 and vest on the first anniversary of the grant date. (5) The RSUs were granted on February 24, 2026 and vest in three equal annual installments beginning on the first anniversary of the grant date. Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

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