Rebecca Fine Under A. - 31 Dec 2025 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 Jan 2026, 16:38:47 UTC
Prior SEC filing
28 Aug 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Clinton Foss Attorney-in-Fact for Rebecca Fine under a Limited Power of Attorney dated November 30, 2023.

Key filing fact

Rebecca Fine Under A. filed Form 4 for Topgolf Callaway Brands Corp. (MODG) on 02 Jan 2026.

Key facts

  • This page summarizes Rebecca Fine Under A.'s Form 4 filing for Topgolf Callaway Brands Corp. (MODG).
  • 12 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 02 Jan 2026, 16:38.

Change

  • Previous filing in this sequence was filed on 28 Aug 2025.
  • Current net transaction value: -$266,216.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001302279 Primary reporting owner

Fine Rebecca

Relationship
EVP, Global CPO
Address
2180 RUTHERFORD ROAD, CARLSBAD
Signature
/s/ Clinton Foss Attorney-in-Fact for Rebecca Fine under a Limited Power of Attorney dated November 30, 2023.
Signature date
02 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MODG transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,355
Change %
+5.8%
Price
$0.000000
Shares after
79,112
Date
31 Dec 2025
Ownership
Direct
Footnotes
F1, F2
MODG transaction

Common Stock

Tax liability

Transaction value
$12,382
Shares
-1,061
Change %
-1.3%
Price
$11.67
Shares after
78,051
Date
31 Dec 2025
Ownership
Direct
Footnotes
F3
MODG transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+16,152
Change %
+21%
Price
$0.000000
Shares after
94,203
Date
31 Dec 2025
Ownership
Direct
Footnotes
F1, F2
MODG transaction

Common Stock

Tax liability

Transaction value
$45,910
Shares
-3,934
Change %
-4.2%
Price
$11.67
Shares after
90,269
Date
31 Dec 2025
Ownership
Direct
Footnotes
F3
MODG transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+34,092
Change %
+38%
Price
$0.000000
Shares after
124,361
Date
31 Dec 2025
Ownership
Direct
Footnotes
F1, F2
MODG transaction

Common Stock

Tax liability

Transaction value
$128,393
Shares
-11,002
Change %
-8.8%
Price
$11.67
Shares after
113,359
Date
31 Dec 2025
Ownership
Direct
Footnotes
F3
MODG transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+17,317
Change %
+15%
Price
$0.000000
Shares after
130,676
Date
31 Dec 2025
Ownership
Direct
Footnotes
F1, F2
MODG transaction

Common Stock

Tax liability

Transaction value
$79,531
Shares
-6,815
Change %
-5.2%
Price
$11.67
Shares after
123,861
Date
31 Dec 2025
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MODG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-4,355
Change %
-100%
Price
$0.000000
Shares after
0
Date
31 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,355
Exercise price
Footnotes
F1, F2, F4
MODG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-16,152
Change %
-100%
Price
$0.000000
Shares after
0
Date
31 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,152
Exercise price
Footnotes
F1, F2, F5
MODG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-34,092
Change %
-100%
Price
$0.000000
Shares after
0
Date
31 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
34,092
Exercise price
Footnotes
F1, F2, F6
MODG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-17,317
Change %
-100%
Price
$0.000000
Shares after
0
Date
31 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
17,317
Exercise price
Footnotes
F1, F2, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Rebecca Fine Under A. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").

Footnote F2

RSUs convert into common stock on a one-for-one basis.

Footnote F3

Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.

Footnote F4

Per the terms of the reporting persons' separation from the Company, her restricted stock units have fully vested effective December 31, 2025, relating to the 4,355 restricted stock units which were originally scheduled to vest on February 22, 2026.

Footnote F5

Per the terms of the reporting persons' separation from the Company, her restricted stock units have fully vested effective December 31, 2025, relating to the 16,152 restricted stock units which were originally scheduled to vest on February 6, 2026 and February 6, 2027.

Footnote F6

Per the terms of the reporting persons' separation from the Company, her restricted stock units have partially vested effective December 31, 2025, relating to the 34,092 restricted stock units which were originally scheduled to vest on March 14, 2026 and March 14, 2027.

Footnote F7

Per the terms of the reporting persons' separation from the Company, her restricted stock units have fully vested effective December 31, 2025, relating to the 17,317 restricted stock units which were originally scheduled to vest on August 26, 2026.

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