William C. Carstanjen - Oct 30, 2023 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
Chief Executive Officer
Signature
Paula Chumbley as Attorney-in-Fact for William C. Carstanjen
Stock symbol
CHDN
Transactions as of
Oct 30, 2023
Transactions value $
-$7,501,093
Form type
4
Date filed
11/1/2023, 07:20 PM
Previous filing
Feb 17, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Options Exercise $0 +152K +11.12% $0.00 1.52M Oct 30, 2023 Direct F1
transaction CHDN Common Stock Tax liability -$7.5M -68.8K -4.53% $108.98 1.45M Oct 30, 2023 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 Options Exercise $0 -152K -26.51% $0.00 421K Oct 30, 2023 Common Stock 152K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.