Form 4: Major Shareholder Sells Significant Stake in Acushnet Holdings Corp. via Pre-Planned Repurchase Agreement
Insider Transaction Report
Misto Holdings Corp. and Magnus Holdings Co., Ltd., significant shareholders and directors of Acushnet Holdings Corp., reported the sale of over 950,000 common shares back to the company as part of a stock repurchase agreement.
Summary
- Misto Holdings Corp. and Magnus Holdings Co., Ltd. (collectively, the "Reporting Persons"), both identified as Directors and 10% Owners of Acushnet Holdings Corp. (GOLF), reported a transaction.
- On July 10, 2025, the Reporting Persons disposed of 953,406 shares of Acushnet Holdings Corp. Common Stock.
- The shares were sold at a price of $65.5633 per share.
- This sale was executed pursuant to a Stock Repurchase Agreement dated December 17, 2024, with Acushnet Holdings Corp.
- Following this transaction, the Reporting Persons beneficially own 29,523,653 shares of Common Stock indirectly.
- Magnus Holdings Co., Ltd. directly holds these 29,523,653 shares, and Misto Holdings Corp. (formerly FILA Holdings Corp.) is the sole shareholder of Magnus Holdings Co., Ltd.
- The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The document is a factual report of an insider stock transaction (sale to the company via repurchase agreement), which is a neutral event in itself without further context on the company's financial strategy or market conditions.
Future Outlook
No specific forward-looking statements or guidance are provided in this Form 4 filing, as it primarily reports a past transaction.
Management Comments
- Magnus Holdings Co., Ltd. and Misto Holdings Corp. disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein.
- Yoon Soo Yoon, Chairman of the Board of Directors of Acushnet Holdings Corp., is also the Chairman of Misto Holdings Corp.
- Keun Chang Yoon, a Director on the Board of Directors of Acushnet Holdings Corp., is also the President and Chief Executive Officer of Misto Holdings Corp.
- Ho Yeon Lee, a Director on the Board of Directors of Acushnet Holdings Corp., is also the CEO of Magnus Holdings Co., Ltd.
- Yoon Soo Yoon and Keun Chang Yoon may be deemed beneficial owners with voting and dispositive power over shares held by Magnus Holdings Co., Ltd. due to their roles at Misto Holdings Corp., but they disclaim beneficial ownership except for their pecuniary interest.
Industry Context
This document is a company-specific insider transaction report and does not provide broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Clarification of Director-by-Deputization | The filing clarifies that Misto Holdings Corp. and Magnus Holdings Co., Ltd. are deemed directors for Section 16 purposes due to their executives (Yoon Soo Yoon, Keun Chang Yoon, Ho Yeon Lee) serving on Acushnet's Board of Directors. | N/A | Enhances transparency regarding the beneficial ownership and control structure, clarifying the relationship between the reporting entities and Acushnet's board. |
Related Party Transactions
- The sale of 953,406 shares of common stock by Misto Holdings Corp. and Magnus Holdings Co., Ltd. to Acushnet Holdings Corp. constitutes a related party transaction, as the Reporting Persons are 10% owners and have director representation on Acushnet's board.
Stakeholder Impact
- Shareholders: The stock repurchase reduces the number of outstanding shares, which can potentially be accretive to earnings per share for remaining shareholders.
- Company: The repurchase utilizes company cash, reducing the share count and potentially impacting the company's capital structure.
Key Dates
| Date | Description |
|---|---|
| 12/17/2024 | Date of the Stock Repurchase Agreement between the Reporting Persons and Acushnet Holdings Corp. |
| 07/10/2025 | Date of the reported transaction (sale of common stock). |
Keywords
Acushnet Holdings Corp., GOLF, Misto Holdings Corp., Magnus Holdings Co., Ltd., SEC Form 4, beneficial ownership, stock repurchase, share sale, insider transaction, corporate governance
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