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Insider Buy Mega Buy ($1M+) June 10, 2025

Ogunlesi Adebayo O. purchased ~$27M in Topgolf Callaway Brands Corp. stock

Topgolf Callaway Brands Corp. (MODG)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+22.6%
MODG price after insider trade by Ogunlesi Adebayo O.

Insider

Ogunlesi Adebayo O.

Role

Transaction

Open-Market Purchase

Approx. Value

~$27M

Trade Date

Jun 10, 2025

Company

Topgolf Callaway Brands Corp.

Ticker

MODG

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$27M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

+22.6% in 90 days

Measured from trade date to 90 days later. We track the performance of every insider trade to identify which insiders consistently make profitable moves.

OA

How good is Ogunlesi Adebayo O. at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On June 10, 2025, Ogunlesi Adebayo O. — a corporate insider at Topgolf Callaway Brands Corp. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$27M in Topgolf Callaway Brands Corp. (MODG) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, MODG returned +22.6%

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$27M
Insider role Insider
90-day return +22.6%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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