ERIK J. ANDERSON - 25 May 2023 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
Director
Signature
/s/ Clinton Foss Attorney-in-Fact for Erik J Anderson under a Limited Power of Attorney dated November 21, 2022.
Issuer symbol
MODG
Transactions as of
25 May 2023
Transactions value $
$0
Form type
4
Filing time
25 May 2023, 17:30:09 UTC
Previous filing
26 May 2023
Next filing
07 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +5.98K +23.71% $0.00 31.2K 25 May 2023 Direct F1, F2
holding MODG Common Stock 863K 25 May 2023 By WestRiver Management, LLC F3
holding MODG Common Stock 40.5K 25 May 2023 By Anderson Family Investments, LLC 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 -5.98K -100% $0.00* 0 25 May 2023 Common Stock 5.98K Direct F1, F2, F4
* 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 Reporting Person is the sole member and sole manager of WestRiver Management, LLC ("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 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.
F4 The RSUs were granted on May 25, 2022 and vested on the first anniversary of the grant date.