X0306 4 2022-12-15 0 0000837465 Topgolf Callaway Brands Corp. MODG 0001518314 Dundon Thomas G. 2180 RUTHERFORD ROAD CARLSBAD CA 92008 1 0 0 0 Common Stock 2022-12-15 4 A 0 1196 0.00 A 53796 D Common Stock 18592833 I By DDFS Partnership LP The shares were issued in lieu of the cash retainer otherwise payable to the reporting person under the issuers non-employee director compensation program for the quarter ending December 31, 2022. Mr. Dundon is the sole member of DDFS Management Company LLC, which is the sole general partner of DDFS Partnership LP. As a result, each of Mr. Dundon and DDFS Management Company LLC may be deemed to beneficially own the securities reported herein, but each disclaims such beneficial ownership except to the extent of his or its pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the reporting persons are the beneficial owners of any securities reported herein. /s/ Clinton Foss Attorney-in-Fact for Thomas G. Dundon under a Limited Power of Attorney dated December 9, 2022. 2022-12-15