Lynch Brian P., EVP and CFO, has demonstrated a consistent pattern of selling activity across two companies—Calyxt (CALY) and Topgolf Callaway Brands (MODG)—with no recorded purchases in the past several years, according to SEC Form 4 filings. His transactions total approximately $2.46 million in sales, all executed under code "F" (indicating open-market or bona fide sales). The most significant sales occurred in MODG, including a single $981,677.76 transaction on June 3, 2024, followed by multiple smaller dispositions throughout early 2025, such as a $395,043.86 sale on March 8, 2025. More recently, Lynch has focused on divesting CALY shares, with three sales in early 2026 totaling $458,419.30, including a $246,232.14 transaction on March 14, 2026.
The absence of buy transactions suggests a one-sided disposition trend, though the sales appear methodical rather than abrupt, spread across multiple dates and varying amounts. Notably, MODG dominated Lynch’s earlier activity, while CALY transactions have been concentrated in 2026. Several filings with zero dollar values (coded "A" and "M") likely represent awards or option exercises without immediate monetization. The data reflects a clear sell-side bias, though the extended timeline and staggered execution temper any indication of urgency. Lynch’s activity remains confined to these two tickers, with no diversification into other holdings disclosed in the filings.
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