Rebecca Fine - Mar 14, 2025 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role: EVP, Global CPO
Signature: /s/ Clinton Foss Attorney-in-Fact for Rebecca Fine under a Limited Power of Attorney dated November 30, 2023.
Stock symbol: MODG
Transactions as of: Mar 14, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/17/2025, 05:55 PM
Previous filing: Feb 25, 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MODG	Restricted Stock Units	Award	$0	+51.1K		$0.00	51.1K	Mar 14, 2025	Common Stock	51.1K		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of common stock.
F2	The RSUs were granted on March 14, 2025 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F3	Represents only the RSUs granted on March 14, 2025 and does not include RSUs with different vesting terms.