Churchill Downs Inc — Director's Dealing 2023

Nov 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Churchill Downs Inc (CHDN)
CIK: 0000020212
Period of Report: 2023-10-30

Reporting Person: Mudd William E (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-30	Common Stock	M	94966	—	Acquired	647755.8	Direct
2023-10-30	Common Stock	F	43732	$108.98	Disposed	604023.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-30	Restricted Stock Units	$	M	94966	Disposed		Common Stock (94966)	Direct

Footnotes

F1: On May 19, 2023, Churchill Downs Incorporated effected a 2-for-1 stock split. The number of securities reported in this Form 4 have been adjusted to reflect the stock split. The reporting person is voluntarily reporting the acquisition of 238 shares acquired under the Churchill Downs Incorporated Employee Stock Purchase Plan for the period August 1, 2022 through July 31, 2023.

F2: 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.

F3: These service based performance stock units vested as of October 30, 2023, and were settled on October 30, 2023.