Form 4: Topgolf Callaway Brands Corp. Director Erik Anderson Sells Shares

Director Erik Anderson reports sales of Topgolf Callaway Brands Corp. stock, with transactions occurring on May 10 and May 14, 2024.

Summary

• Director Erik Anderson sold 10,000 shares of Topgolf Callaway Brands Corp. (MODG) on May 10, 2024, at a price of $15.19 per share.
• He then sold an additional 7,500 shares on May 14, 2024, at a weighted average price of $15.37 per share, with prices ranging from $15.35 to $15.40.
• Following these transactions, Anderson directly owns 31,227 shares and indirectly owns 760,459 shares through WestRiver Management, LLC and 40,476 shares through Anderson Family Investments, LLC.
• Anderson disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a director. It doesn't inherently convey positive or negative sentiment about the company's performance.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.

Industry Context

This filing is a routine disclosure of stock sales by a company insider, which is common in the corporate world. Investors often monitor these filings for signals about management's view of the company's prospects.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, although this is a routine disclosure.

Key Dates