Form 4 Filing for Churchill Downs Inc. - Insider Transaction

This filing details a Form 4 submission for Churchill Downs Inc. (CHDN) concerning an insider transaction by reporting owner Lloyd Karole. On April 21, 2026, Karole acquired 2,257 shares of Common Stock through restricted stock granted in connection with director service. These shares will vest one year from the grant date anniversary, with restrictions lapsing upon vesting. The grant was valued using the closing price of CHDN common stock on the transaction date. The filing also notes that these restricted stocks do not have a conversion price or expiration date and that the reported shares include restricted stock and units granted for service as a director, along with dividends awarded. Following this transaction, Karole now owns 40,316.84 shares of Common Stock. The transaction code is "A" for acquisition, and the ownership is direct.