Erik J. Anderson - Aug 8, 2025 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role: Director
Signature: /s/ Clinton Foss Attorney-in-Fact for Erik J Anderson under a Limited Power of Attorney dated January 23, 2024.
Stock symbol: MODG
Transactions as of: Aug 8, 2025
Transactions value $: -$237,793
Form type: 4
Date filed: 8/12/2025, 04:46 PM
Previous filing: May 30, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ANDERSON ERIK J	Director	2180 RUTHERFORD ROAD, CARLSBAD	/s/ Clinton Foss Attorney-in-Fact for Erik J Anderson under a Limited Power of Attorney dated January 23, 2024.	2025-08-12	0001174968

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MODG	Common Stock	Sale	-$238K	-25.7K	-55.5%	$9.25	20.6K	Aug 8, 2025	Direct	F1
holding	MODG	Common Stock						760K	Aug 8, 2025	By WestRiver Management, LLC	F2
holding	MODG	Common Stock						40.5K	Aug 8, 2025	By Anderson Family Investments, LLC	F2

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

Explanation of Responses:

Id	Content
F1	The price shown is a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $9.23 to $9.29 per share. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2	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 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.

Content

The price shown is a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $9.23 to $9.29 per share. The Reporting Person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

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 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.