William E. Mudd - 31 Dec 2025 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
President and COO
Signature
Paula Chumbley Attorney-in-Fact for William E. Mudd
Issuer symbol
CHDN
Transactions as of
31 Dec 2025
Net transactions value
-$1,033,691
Form type
4
Filing time
05 Jan 2026, 16:16:24 UTC
Previous filing
30 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Mudd William E. President and COO 600 N. HURSTBOURNE PKWY, SUITE 400, LOUISVILLE Paula Chumbley Attorney-in-Fact for William E. Mudd 05 Jan 2026 0001415049

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Options Exercise $0 +13,477 +1.9% $0.000000 741,152 31 Dec 2025 Direct F1
transaction CHDN Common Stock Tax liability $418,255 -3,676 -0.5% $113.78 737,476 31 Dec 2025 Direct F2
transaction CHDN Common Stock Disposed to Issuer $615,436 -5,409 -0.73% $113.78 732,067 31 Dec 2025 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 $0 -13,477 -48% $0.000000 14,882 31 Dec 2025 Common Stock 13,477 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is voluntarily reporting the acquisition of 178 shares acquired under the Churchill Downs Incorporated Employee Stock Purchase Plan (the "ESPP") for the period August 1, 2024 through July 31, 2025, and 211 shares from the ESPP for the period August 1, 2023 through July 31, 2024.
F2 Based on the closing price of common stock on December 31, 2025.
F3 Restricted stock units do not have a conversion price or expiration date.
F4 Restricted stock vests over a multi-year period.