Ho Yeon (Aaron) Lee - Aug 9, 2024 Form 4 Insider Report for Acushnet Holdings Corp. (GOLF)

Signature
/s/ Chad M. Van Ess, as attorney-in-fact
Stock symbol
GOLF
Transactions as of
Aug 9, 2024
Transactions value $
-$71,253,786
Form type
4
Date filed
8/12/2024, 04:35 PM
Previous filing
Jul 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOLF Common Stock Sale -$71.3M -1.11M -3.41% $64.19 31.4M Aug 9, 2024 See footnote F1, F2
holding GOLF Common Stock 7.33K Aug 9, 2024 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 Chief Financial 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.