Erik J. Anderson - Feb 15, 2024 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
Director
Signature
/s/ Erik J Anderson
Stock symbol
MODG
Transactions as of
Feb 15, 2024
Transactions value $
-$224,438
Form type
4
Date filed
2/20/2024, 08:14 PM
Previous filing
Nov 15, 2023
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Sale -$151K -10K -1.26% $15.12 783K Feb 15, 2024 By WestRiver Management, LLC F1
transaction MODG Common Stock Options Exercise $29.5K +4.27K $6.91 4.27K Feb 16, 2024 By TGP Advisors, LLC F1
transaction MODG Common Stock Sale -$30K -2.03K -47.49% $14.79 2.24K Feb 16, 2024 By TGP Advisors, LLC F1
transaction MODG Common Stock Other $0 -2.24K -100% $0.00* 0 Feb 16, 2024 By TGP Advisors, LLC F1, F2
transaction MODG Common Stock Sale -$72.8K -5K -0.64% $14.55 778K Feb 20, 2024 By WestRiver Management, LLC F1
holding MODG Common Stock 31.2K Feb 15, 2024 Direct
holding MODG Common Stock 40.5K Feb 15, 2024 By Anderson Family Investments, LLC F1

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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4.27K -100% $0.00* 0 Feb 16, 2024 Common Stock 4.27K $6.91 TGP Advisors, LLC F1, F3
* 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"). 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 WestRiver Management, TGP Advisors 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.
F2 Represents in-kind distribution of shares of the Issuer's common stock for no consideration to members of TGP Advisors in accordance with its organizational documents.
F3 The stock option is currently exercisable.