William E. Mudd - 05 Feb 2026 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: 05 Feb 2026
Net transactions value: -$1,559,751
Form type: 4
Filing time: 09 Feb 2026, 16:08:49 UTC
Previous filing: 05 Jan 2026
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	09 Feb 2026	0001415049

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHDN	Common Stock	Award	$0	+16,648	+2.3%	$0.000000	748,715	05 Feb 2026	Direct	F1
transaction	CHDN	Common Stock	Disposed to Issuer	$1,559,751	-16,648	-2.2%	$93.69	732,067	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	+21,348	+143%	$0.000000	36,230	05 Feb 2026	Common Stock	21,348		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.