William C. Carstanjen - Oct 30, 2025 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
Chief Executive Officer
Signature
Paula Chumbley as Attorney-in-Fact for William C. Carstanjen
Stock symbol
CHDN
Transactions as of
Oct 30, 2025
Transactions value $
-$6,834,328
Form type
4
Date filed
11/3/2025, 04:05 PM
Previous filing
Feb 10, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Carstanjen William C. Chief Executive Officer 600 N. HURSTBOURNE PKWY, SUITE 400, LOUISVILLE Paula Chumbley as Attorney-in-Fact for William C. Carstanjen 2025-11-03 0001330580

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Options Exercise $0 +152K +9.55% $0.00 1.74M Oct 30, 2025 Direct
transaction CHDN Common Stock Tax liability -$6.83M -68.1K -3.9% $100.40 1.68M Oct 30, 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 -152K -50.93% $0.00 146K Oct 30, 2025 Common Stock 152K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Service based performance stock units do not have a conversion price or expiration date, and will be settled in common stock vesting over a multi-year period.
F2 These service based performance stock units vested as of October 30, 2025, and were settled on October 30, 2025.