Erik J. Anderson - 16 May 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role: Director
Signature: /s/ Erik J Anderson
Issuer symbol: MODG
Transactions as of: 16 May 2022
Net transactions value: -$207,934
Form type: 4
Filing time: 18 May 2022, 17:08:52 UTC
Previous filing: 10 Mar 2022
Next filing: 19 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODG	Common Stock	Sale	$207,934	-9,992	-1.5%	$20.81	651,821	16 May 2022	By WestRiver Management, LLC	F1
holding	MODG	Common Stock						2,737,484	16 May 2022	By TGP Investors, LLC	F1
holding	MODG	Common Stock						604,998	16 May 2022	By TGP Investors II, LLC	F1
holding	MODG	Common Stock						9,351	16 May 2022	By TGP Advisors, LLC	F1
holding	MODG	Common Stock						38,591	16 May 2022	By Anderson Family Investments, LLC	F1
holding	MODG	Common Stock						16,029	16 May 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	WestRiver Management, LLC ("WestRiver Management") is the sole managing member of TGP Advisors, LLC ("TGP Advisors") and TGP Manager, LLC ("TGP Manager"). TGP Manager is the sole managing member of TGP Investors, LLC ("TGP") and TGP Investors II, LLC ("TGP II) and in such capacity is responsible for voting decisions with respect to certain matters regarding the Issuer's securities held by TGP and TGP II. The Reporting Person is the sole member and sole manager of WestRiver Management and the sole manager of Anderson Family Investments, LLC ("AFI"). As a result, the Reporting Person may be deemed to beneficially own the securities held of record by TGP, TGP II, TGP Advisors, TGP Manager, WestRiver Management and AFI. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.

Content

WestRiver Management, LLC ("WestRiver Management") is the sole managing member of TGP Advisors, LLC ("TGP Advisors") and TGP Manager, LLC ("TGP Manager"). TGP Manager is the sole managing member of TGP Investors, LLC ("TGP") and TGP Investors II, LLC ("TGP II) and in such capacity is responsible for voting decisions with respect to certain matters regarding the Issuer's securities held by TGP and TGP II. The Reporting Person is the sole member and sole manager of WestRiver Management and the sole manager of Anderson Family Investments, LLC ("AFI"). As a result, the Reporting Person may be deemed to beneficially own the securities held of record by TGP, TGP II, TGP Advisors, TGP Manager, WestRiver Management and AFI. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.