PEP TG Investments LP Divests Majority Stake in Callaway Golf Company (MODG) via Exit Filing

On May 21, 2026, PEP TG Investments LP and associated reporting persons, including PEP TG Investments GP LLC and Michael Dominguez, executed a significant divestment of their holdings in Callaway Golf Company (MODG). The reporting persons sold 11,175,226 shares of Common Stock at a price of $15.34 per share through a standard broker-dealer transaction pursuant to Rule 144. Following this sale, the group's beneficial ownership dropped to 130,064 shares, representing approximately 0.07% of the outstanding common stock. These remaining shares are held via warrants. As a result of the transaction, the reporting persons ceased to be beneficial owners of more than 5% of the company's outstanding securities. Furthermore, PEP TG Investments LP no longer holds the right to nominate a Providence Nominee to the Issuer's board of directors. This filing (Amendment No. 4) serves as the final amendment and constitutes an exit filing for the reporting persons, signaling their departure from a significant ownership position in the company.