William C. Carstanjen - 31 Dec 2023 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role: Chief Executive Officer
Signature: Paula Chumbley as Attorney-in-Fact for William C. Carstanjen
Issuer symbol: CHDN
Transactions as of: 31 Dec 2023
Net transactions value: -$1,207,354
Form type: 4
Filing time: 03 Jan 2024, 16:40:37 UTC
Previous filing: 01 Nov 2023
Next filing: 09 Jan 2024
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	+19,272	+1.3%	$0.000000	1,469,210	31 Dec 2023	Direct
transaction	CHDN	Common Stock	Tax liability	$1,207,354	-8,948	-0.61%	$134.93	1,460,262	31 Dec 2023	Direct	F1

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	$0	-19,272	-4.6%	$0.000000	401,995	31 Dec 2023	Common Stock	19,272		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Based on the closing price of common stock on December 29, 2023.
F2	Restricted stock units do not have a conversion price or expiration date.
F3	These RSUs vested as of December 31, 2023, with an additional portion of the 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.
F4	Includes deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature of the RSU Deferred Plan.