Churchill Downs CFO Marcia A. Dall Gifts 12,800 Shares to Charitable Donor-Advised Fund

This Form 4 filing reports that Marcia A. Dall, Executive Vice President and Chief Financial Officer of Churchill Downs Inc (CHDN), gifted 12,800 shares of common stock to a charitable donor-advised fund on December 22, 2025. The transaction was a gift (code G) with a disposition (code D) at $0 per share, indicating a charitable donation rather than a sale. Following this transaction, Dall retains ownership of 142,359 shares. The filing was signed by Paula Chumbley as Attorney-in-Fact for Marcia A. Dall on December 23, 2025. This represents a significant charitable contribution by a key executive of the company, reducing her direct holdings by approximately 8.2% of the gifted amount while maintaining substantial remaining ownership in the company.