Insider Filing: Misto Holdings Discloses 29.5M GOLF Shares; Small RSU Accrual

Rhea-AI Filing Summary

Insider transaction summary: This Form 4 shows reporting person Yoon Yoon Soo (Gene), affiliated with Misto Holdings Corp., reported a transaction in Acushnet Holdings Corp. (ticker GOLF) on 09/19/2025. The filing records the acquisition (transaction code A) of 67 common stock units described in footnote 1, tied to dividend-equivalent rights on restricted stock units under the issuer's deferred compensation plan, with a price line showing $74.48. After the reported transaction the filing discloses indirect beneficial ownership of 29,523,653 shares held by Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp.; the reporting person is chairman of Misto and may be deemed to have voting and dispositive power but disclaims beneficial ownership except for pecuniary interest. The form was signed by an attorney-in-fact on 09/23/2025.

Positive

• Disclosure of indirect ownership of 29,523,653 shares via Magnus Holdings Co., Ltd., providing transparency about control and holdings
• Transaction is compensation-related (dividend-equivalent rights on deferred RSUs), indicating routine insider compensation rather than opportunistic trading

Negative

• Concentrated indirect ownership could imply significant voting influence by Misto Holdings Corp., which is material to governance and minority shareholders

Insights

Corporate Governance Expert

TL;DR: Large indirect ownership is disclosed; the filing records a small award from deferred compensation.

The filing indicates substantial indirect holdings through Magnus Holdings Co., Ltd., which implies concentrated ownership and potential voting influence by Misto Holdings Corp. The reported acquisition of 67 units is described as dividend-equivalent rights tied to deferred restricted stock units rather than an open-market purchase, and the reporting person explicitly disclaims beneficial ownership of the indirect position except for pecuniary interest. For governance assessment, the key points are concentrated indirect shareholding and a routine compensation-related accrual.

Securities Analyst

TL;DR: Transaction is routine compensation accrual; materiality stems from the 29.5M indirect share position disclosed.

From a securities perspective, the acquisition recorded on 09/19/2025 appears to be a compensation-related accrual (dividend-equivalent rights on RSUs) rather than a market trade. The filing lists a price figure of $74.48 alongside the entry, but the substantive investor-impact item is the stated indirect beneficial ownership of 29,523,653 shares through Magnus Holdings Co., Ltd. That ownership magnitude is the primary investor-relevant disclosure in this Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yoon Yoon Soo (Gene)

(Last) (First) (Middle)

MISTO HOLDINGS CORP.

SEONGBUK-GU BOMUN-RO 35

(Street)

SEOUL M5 02873

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Acushnet Holdings Corp. [ GOLF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/19/2025		A		67(1)	A	$74.48	45,185.08	D
Common Stock								29,523,653	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

2. These shares are held directly by Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp. The reporting person is the Chairman of Misto Holdings Corp. and may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares held by Magnus Holdings Co., Ltd. The reporting person disclaims beneficial ownership over the shares of Issuer common stock held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein.

	/s/ Chad M. Van Ess, as attorney-in-fact	09/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

Who filed the Form 4 for Acushnet Holdings Corp. (GOLF)?

The reporting person is Yoon Yoon Soo (Gene), affiliated with Misto Holdings Corp.; the form was signed by an attorney-in-fact on 09/23/2025.

What transaction was reported on 09/19/2025 in the Form 4 for GOLF?

The filing reports an acquisition (transaction code A) of 67 common stock units described as dividend-equivalent rights tied to restricted stock units, with a price line showing $74.48.

How many GOLF shares are reported as indirectly owned and by whom?

The filing discloses 29,523,653 shares held directly by Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp., listed as indirect beneficial ownership.

Does the reporting person claim direct beneficial ownership of the 29,523,653 shares?

The reporting person is the Chairman of Misto Holdings Corp. and may be deemed to be the beneficial owner, but he expressly disclaims beneficial ownership

What does footnote 1 in the Form 4 indicate?

Footnote 1 states these items represent dividend equivalent rights in connection with the issuer's quarterly dividend and accrued on restricted stock units deferred under the issuer's deferred compensation plan.