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

Reporting relationship: President and COO
Issuer ticker: CHDN
Reported as of: 31 Dec 2025
Net transaction value: -$1,033,691
SEC form: 4
Accepted by SEC: 05 Jan 2026, 16:16:24 UTC
Prior SEC filing: 30 Dec 2025
Next SEC filing: 09 Feb 2026
Source filing: View source filing
Reporting owner signature: Paula Chumbley Attorney-in-Fact for William E. Mudd

Key filing fact

William E. Mudd filed Form 4 for Churchill Downs Inc (CHDN) on 05 Jan 2026.

Key facts

This page summarizes William E. Mudd's Form 4 filing for Churchill Downs Inc (CHDN).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Jan 2026, 16:16.

Change

Previous filing in this sequence was filed on 30 Dec 2025.
Current net transaction value: -$1,033,691.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001415049 Primary reporting owner

Mudd William E.

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CHDN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +13,477
Change %: +1.9%
Price: $0.000000
Shares after: 741,152
Date: 31 Dec 2025
Ownership: Direct
Footnotes: F1

CHDN transaction

Common Stock

Tax liability

Transaction value: $418,255
Shares: -3,676
Change %: -0.5%
Price: $113.78
Shares after: 737,476
Date: 31 Dec 2025
Ownership: Direct
Footnotes: F2

CHDN transaction

Common Stock

Disposed to Issuer

Transaction value: $615,436
Shares: -5,409
Change %: -0.73%
Price: $113.78
Shares after: 732,067
Date: 31 Dec 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CHDN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -13,477
Change %: -48%
Price: $0.000000
Shares after: 14,882
Date: 31 Dec 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,477
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Based on the closing price of common stock on December 31, 2025.

Footnote F3

Restricted stock units do not have a conversion price or expiration date.

Footnote F4

Restricted stock vests over a multi-year period.