Erik J. Anderson - May 15, 2023 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role: Director
Signature: /s/ Erik J Anderson
Stock symbol: MODG
Transactions as of: May 15, 2023
Transactions value $: -$360,500
Form type: 4
Date filed: 5/17/2023, 07:07 PM
Previous filing: May 12, 2023
Next filing: May 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODG	Common Stock	Sale	-$179K	-10K	-1.13%	$17.93	873K	May 15, 2023	By WestRiver Management, LLC	F1
transaction	MODG	Common Stock	Sale	-$181K	-10K	-1.15%	$18.12	863K	May 17, 2023	By WestRiver Management, LLC	F1
holding	MODG	Common Stock						25.2K	May 15, 2023	Direct
holding	MODG	Common Stock						40.5K	May 15, 2023	By Anderson Family Investments, LLC	F1

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

Explanation of Responses:

Id	Content
F1	The Reporting Person is the sole member and sole manager of WestRiver Management, LLC ("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 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 Reporting Person is the sole member and sole manager of WestRiver Management, LLC ("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 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.