Artie Starrs - Feb 22, 2024 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
CEO, Topgolf
Signature
/s/ Clinton Foss Attorney-in-Fact for Artie Starrs under a Limited Power of Attorney dated November 30, 2023.
Stock symbol
MODG
Transactions as of
Feb 22, 2024
Transactions value $
-$78,558
Form type
4
Date filed
2/22/2024, 05:56 PM
Previous filing
Feb 20, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +14K +18.39% $0.00 90.1K Feb 22, 2024 Direct F1
transaction MODG Common Stock Tax liability -$78.6K -5.51K -6.11% $14.26 84.6K Feb 22, 2024 Direct F2

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 -14K -33.33% $0.00 28K Feb 22, 2024 Common Stock 14K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs') convert into common stock on a one-for-one basis.
F2 Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
F3 The RSUs were granted on February 22, 2023 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F4 Represents only the unvested portion of the RSUs granted on February 22, 2023 and does not include other RSUs with different vesting terms.