diff --git a/src/core/plugins/oas3/components/callbacks.jsx b/src/core/plugins/oas3/components/callbacks.jsx
index 51d74f80..56a8fd18 100644
--- a/src/core/plugins/oas3/components/callbacks.jsx
+++ b/src/core/plugins/oas3/components/callbacks.jsx
@@ -16,8 +16,14 @@ const Callbacks = (props) => {
     return <div key={callbackName}>
       <h2>{callbackName}</h2>
       { callback.map((pathItem, pathItemName) => {
+        if(pathItemName === "$$ref") {
+          return null
+        }
         return <div key={pathItemName}>
           { pathItem.map((operation, method) => {
+            if(method === "$$ref") {
+              return null
+            }
             let op = fromJS({
               operation
             })
diff --git a/test/e2e/scenarios/bugs/4445.js b/test/e2e/scenarios/bugs/4445.js
new file mode 100644
index 00000000..17c7a203
--- /dev/null
+++ b/test/e2e/scenarios/bugs/4445.js
@@ -0,0 +1,32 @@
+describe("bug #4445: callback-via-$ref rendering", function () {
+    let mainPage
+    beforeEach(function (client, done) {
+        mainPage = client
+            .url("localhost:3230")
+            .page.main()
+
+        client.waitForElementVisible(".download-url-input", 5000)
+            .pause(5000)
+            .clearValue(".download-url-input")
+            .setValue(".download-url-input", "http://localhost:3230/test-specs/bugs/4445.yaml")
+            .click("button.download-url-button")
+            .pause(1000)
+
+        done()
+    })
+    afterEach(function (client, done) {
+        done()
+    })
+    it("expands an operation that has a visible callback", function (client) {
+        client.waitForElementVisible(".opblock-tag-section", 10000)
+            .click(".opblock")
+            .waitForElementVisible(".opblock-body", 5000)
+            .click(".opblock-section-header > .tab-header > div.tab-item:nth-of-type(2)")
+            .waitForElementVisible(".callbacks-container .opblock", 5000)
+            .click(".callbacks-container .opblock")
+            .waitForElementVisible(".callbacks-container .opblock-body", 5000)
+            .assert.containsText(".callbacks-container .opblock-description-wrapper:nth-of-type(2) p", "subscription payload")
+
+        client.end()
+    })
+})
diff --git a/test/e2e/specs/bugs/4445.yaml b/test/e2e/specs/bugs/4445.yaml
new file mode 100644
index 00000000..72ec7dd1
--- /dev/null
+++ b/test/e2e/specs/bugs/4445.yaml
@@ -0,0 +1,64 @@
+openapi: 3.0.0
+info:
+  title: Callback Example
+  version: 1.0.0
+paths:
+  /streams:
+    post:
+      description: subscribes a client to receive out-of-band data
+      parameters:
+        - name: callbackUrl
+          in: query
+          required: true
+          description: |
+            the location where data will be sent.  Must be network accessible
+            by the source server
+          schema:
+            type: string
+            format: uri
+            example: https://tonys-server.com
+      responses:
+        '201':
+          description: subscription successfully created
+          content:
+            application/json:
+              schema:
+                description: subscription information
+                required:
+                  - subscriptionId
+                properties:
+                  subscriptionId:
+                    description: this unique identifier allows management of the subscription
+                    type: string
+                    example: 2531329f-fb09-4ef7-887e-84e648214436
+      callbacks:
+        # the name `onData` is a convenience locator
+        onData:
+          $ref: '#/components/callbacks/onData'
+components:
+  callbacks:
+    onData:
+      # when data is sent, it will be sent to the `callbackUrl` provided
+      # when making the subscription PLUS the suffix `/data`
+      '{$request.query.callbackUrl}/data':
+        post:
+          requestBody:
+            description: subscription payload
+            content:
+              application/json:
+                schema:
+                  properties:
+                    timestamp:
+                      type: string
+                      format: date-time
+                    userData:
+                      type: string
+          responses:
+            '202':
+              description: |
+                Your server implementation should return this HTTP status code
+                if the data was received successfully
+            '204':
+              description: |
+                Your server should return this HTTP status code if no longer interested
+                in further updates