Churchill Downs Inc — Director's Dealing 2021

Jan 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Churchill Downs Inc (CHDN)
CIK: 0000020212
Period of Report: 2020-12-31

Reporting Person: Carstanjen William C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-31	Common Stock	M	19402	—	Acquired	553853	Direct
2020-12-31	Common Stock	F	9028	$194.79	Disposed	544807	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-31	Restricted Stock Units	$	M	19402	Disposed		Common Stock (19142)	Direct

Footnotes

F1: Balance adjusted to correct an administrative error. As a result of this adjustment, the number of shares beneficially owned by the reporting person reflects a decrease of 28.4853 shares.

F2: Restricted stock units ("RSU") do not have a conversion price or expiration date.

F3: These RSUs vested as of December 31, 2020, with an additional portion of RSUs deferred under the Churchill Downs Incorporated RSU Deferral Plan. Shares of common stock will be delivered to the reporting person as per the terms of the deferral election.

F4: Includes deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature of the RSU Deferral Plan.