Erik J. Anderson - May 10, 2024 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role: Director
Signature: /s/ Erik J Anderson
Stock symbol: MODG
Transactions as of: May 10, 2024
Transactions value $: -$267,175
Form type: 4
Date filed: 5/14/2024, 07:40 PM
Previous filing: Feb 20, 2024
Next filing: May 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODG	Common Stock	Sale	-$152K	-10K	-1.29%	$15.19	768K	May 10, 2024	By WestRiver Management, LLC	F1
transaction	MODG	Common Stock	Sale	-$115K	-7.5K	-0.98%	$15.37	760K	May 14, 2024	By WestRiver Management, LLC	F1, F2
holding	MODG	Common Stock						31.2K	May 10, 2024	Direct
holding	MODG	Common Stock						40.5K	May 10, 2024	By Anderson Family Investments, LLC	F1

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

Explanation of Responses:

Id	Content
F1	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.
F2	The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.35 to $15.40. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price within this range.

Content

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.

The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.35 to $15.40. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price within this range.