Churchill Downs Inc — Director's Dealing 2026

Feb 9, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Churchill Downs Inc (CHDN)
CIK: 0000020212
Period of Report: 2026-02-05

Reporting Person: Mudd William E. (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-05	Common Stock	A	16648	—	Acquired	748714.8	Direct
2026-02-05	Common Stock	D	16648	$93.69	Disposed	732066.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-05	Restricted Stock Units	$	A	21348	Acquired		Common Stock (21348)	Direct

Footnotes

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.