Varsha Rajendra Rao - Mar 15, 2023 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
Director
Signature
/s/ Clinton Foss Attorney-in-Fact for Varsha Rajendra Rao under a Limited Power of Attorney dated November 21, 2022.
Stock symbol
MODG
Transactions as of
Mar 15, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2023, 06:06 PM
Previous filing
Dec 15, 2022
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +1.05K +45.38% $0.00 3.35K Mar 15, 2023 Direct F1, F2
transaction MODG Common Stock Award $0 +1.17K +34.89% $0.00 4.52K Mar 15, 2023 Direct F3

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 Restricted Stock Units Options Exercise $0 -1.05K -100% $0.00* 0 Mar 15, 2023 Common Stock 1.05K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").
F2 RSUs convert into common stock on a one-for-one basis.
F3 The shares were issued in lieu of the cash retainer otherwise payable to the reporting person under the issuers non-employee director compensation program for the quarter ending March 31, 2023.
F4 The RSUs were granted on March 15, 2022 and vested on the first anniversary of the grant date.
F5 Represents only the RSUs granted on March 15, 2022 and does not include other RSUs with different vesting terms.