Artie Starrs - Apr 5, 2023 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
CEO, Topgolf
Signature
/s/ Clinton Foss Attorney-in-Fact for Artie Starrs under a Limited Power of Attorney dated November 22, 2022.
Stock symbol
MODG
Transactions as of
Apr 5, 2023
Transactions value $
-$211,443
Form type
4
Date filed
4/5/2023, 05:36 PM
Previous filing
Feb 23, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +25.8K +46.82% $0.00 80.8K Apr 5, 2023 Direct F1, F2
transaction MODG Common Stock Tax liability -$211K -10.1K -12.55% $20.84 70.7K Apr 5, 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 -25.8K -50% $0.00 25.8K Apr 5, 2023 Common Stock 25.8K $0.00 Direct F1, 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 Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
F4 The RSUs were granted on April 5, 2021 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F5 Represents only the unvested portion of the RSUs granted on April 5, 2021 and does not include other RSUs with different vesting terms.