Erik J. Anderson - 08 Aug 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role: Director
Signature: /s/ Erik J Anderson
Issuer symbol: MODG
Transactions as of: 08 Aug 2022
Net transactions value: -$518,400
Form type: 4
Filing time: 10 Aug 2022, 12:40:21 UTC
Previous filing: 28 Jul 2022
Next filing: 17 Aug 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	$518,400	-22,500	-3.6%	$23.04	599,321	08 Aug 2022	By WestRiver Management, LLC	F1, F2
holding	MODG	Common Stock						2,737,484	08 Aug 2022	By TGP Investors, LLC	F2
holding	MODG	Common Stock						604,998	08 Aug 2022	By TGP Investors II, LLC	F2
holding	MODG	Common Stock						9,351	08 Aug 2022	By TGP Advisors, LLC	F2
holding	MODG	Common Stock						38,591	08 Aug 2022	By Anderson Family Investments, LLC	F2
holding	MODG	Common Stock						20,092	08 Aug 2022	Direct

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

Explanation of Responses:

Id	Content
F1	The price shown is a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $22.99 to $23.12 per share. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2	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

The price shown is a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $22.99 to $23.12 per share. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

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.