Marcia A. Dall - 31 Dec 2021 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role: EVP, and Chief Financial Offic
Signature: Paula Chumbley as Attorney-in-Fact for Marcia A. Dall
Issuer symbol: CHDN
Transactions as of: 31 Dec 2021
Net transactions value: -$1,129,339
Form type: 4
Filing time: 04 Jan 2022, 15:06:06 UTC
Next filing: 14 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHDN	Common Stock	Options Exercise	$0	+3,176	+6.6%	$0.000000	51,160	31 Dec 2021	Direct
transaction	CHDN	Common Stock	Tax liability	$364,241	-1,512	-3%	$240.90	49,648	31 Dec 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CHDN	Restricted Stock Units	Options Exercise	$765,098	-3,176	-34%	$240.90	6,303	31 Dec 2021	Common Stock	3,176		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock units do not have a conversion price or expiration date.
F2	These RSUs vested as of December 31, 2021, with an additional portion of RSUs deferred under the Churchill Downs Incorporated RSU Deferral Plan. Shares of common stock will be delivered to the reporting person as per the terms of the deferral election.
F3	Includes deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature of the RSU Deferral Plan.