William C. Carstanjen - 05 Feb 2026 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: 05 Feb 2026
Net transactions value: -$3,534,643
Form type: 4
Filing time: 09 Feb 2026, 16:08:42 UTC
Previous filing: 05 Jan 2026
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	09 Feb 2026	0001330580

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHDN	Common Stock	Award	$0	+37,727	+2.2%	$0.000000	1,723,336	05 Feb 2026	Direct	F1
transaction	CHDN	Common Stock	Disposed to Issuer	$3,534,643	-37,727	-2.2%	$93.69	1,685,609	05 Feb 2026	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	Award	$0	+64,041	+54%	$0.000000	183,698	05 Feb 2026	Common Stock	64,041		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents the cash settlement of performance share units with respect to the performance period January 1, 2023 to December 31, 2025.
F2	Restricted stock units do not have a conversion price or expiration date and will be settled in common stock vesting in one-third increments on each of December 31, 2026, December 31, 2027 and December 31, 2028.
F3	Restricted stock vests over a multi-year period.