Keun Chang Kevin Yoon - May 17, 2021 Form 4 Insider Report for Acushnet Holdings Corp. (GOLF)

Role: Director, 10%+ Owner
Signature: /s/ Roland A. Giroux, as attorney-in-fact
Stock symbol: GOLF
Transactions as of: May 17, 2021
Transactions value $: -$31,642,000
Form type: 4
Date filed: 5/17/2021, 06:35 AM
Next filing: Jun 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GOLF	Common Stock	Sale	-$31.6M	-650K	-1.69%	$48.68	37.8M	May 17, 2021	See footnote	F1, F2
holding	GOLF	Common Stock						8.32K	May 17, 2021	Direct

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

Explanation of Responses:

Id	Content
F1	Represents shares sold by Magnus Holdings Co., Ltd. for liquidity purposes. Magnus Holdings Co., Ltd. has indicated to the Issuer that it currently plans to retain its majority stake in the Issuer and has entered into a lock-up agreement with the Issuer pursuant to which it has agreed to certain sale and transfer restrictions for a period of 30 days relating to its remaining shares of the Issuer's common stock, subject to certain exceptions.
F2	These shares are held directly by Magnus Holdings Co., Ltd., a subsidiary of Fila Holdings Corp. The reporting person is the President and Chief Executive Officer of Fila Holdings Corp. and may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares held by Magnus Holdings Co., Ltd. The reporting person disclaims beneficial ownership over the shares of Issuer common stock held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein.

Content

Represents shares sold by Magnus Holdings Co., Ltd. for liquidity purposes. Magnus Holdings Co., Ltd. has indicated to the Issuer that it currently plans to retain its majority stake in the Issuer and has entered into a lock-up agreement with the Issuer pursuant to which it has agreed to certain sale and transfer restrictions for a period of 30 days relating to its remaining shares of the Issuer's common stock, subject to certain exceptions.

These shares are held directly by Magnus Holdings Co., Ltd., a subsidiary of Fila Holdings Corp. The reporting person is the President and Chief Executive Officer of Fila Holdings Corp. and may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares held by Magnus Holdings Co., Ltd. The reporting person disclaims beneficial ownership over the shares of Issuer common stock held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein.