Topgolf Callaway Brands Corp. — Director's Dealing 2021

Nov 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALLAWAY GOLF CO (ELY)
CIK: 0000837465
Period of Report: 2021-11-16

Reporting Person: ANDERSON ERIK J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-16	Common Stock	M	17078	$6.91	Acquired	35780	Indirect
2021-11-16	Common Stock	S	17078	$30.00	Disposed	18702	Indirect
2021-11-16	Common Stock	M	122754	$21.08	Acquired	141456	Indirect
2021-11-16	Common Stock	S	122754	$30.00	Disposed	18702	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-16	Non-Qualified Stock Option (Right to Buy)	$6.91	M	17078	Disposed	2024-04-16	Common Stock (17078)	Indirect
2021-11-16	Non-Qualified Stock Option (Right to Buy)	$21.08	M	122754	Disposed	2025-08-31	Common Stock (122754)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5474968	Indirect
Common Stock	1209996	Indirect
Common Stock	512019	Indirect
Common Stock	48591	Indirect
Common Stock	10304	Direct

Footnotes

F1: 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 $30.00 to $30.09. 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.

F2: WestRiver Management is the sole managing member of TGP Advisors, LLC and TGP Manager, LLC ("TGP Manager"). TGP Manager is the sole managing member of TGP Investors, LLC ("TGP") and TGP Investors II, LLC ("TGP II) and in such capacity is responsible for voting decisions with respect to certain matters regarding the Issuer's securities held by TGP and TGP II. 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 TGP, TGP II, TGP Advisors, 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.

F3: The stock option is currently exercisable.