Churchill Downs (NASDAQ: CHDN) director gets 199.38 RSU dividend grant

Rhea-AI Filing Summary

Churchill Downs Inc. director R. Alexander Rankin reported a routine equity transaction. On 01/06/2026, he acquired 199.38 shares of Churchill Downs common stock at a price of $0 per share, described as dividends granted in the form of restricted stock units (RSUs). Each RSU is the economic equivalent of one share of common stock, with the underlying shares delivered when he completes his service as a director. Following this grant, Rankin directly beneficially owned 99,211.17 shares of Churchill Downs common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rankin Richard Alex

(Last) (First) (Middle)

600 N. HURSTBOURNE PKWY

SUITE 400

(Street)

LOUISVILLE KY 40222

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Churchill Downs Inc [ CHDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/06/2026		A		199.38(1)	A	$0	99,211.17	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Dividends granted in the form of restricted stock units. Each restricted stock unit is the economic equivalent of one share of common stock. The underlying shares of common stock are transferred upon the reporting person's completion of service as a director.

Remarks:

	Paula Chumbley, Attorney-in-Fact for R. Alexander Rankin	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Churchill Downs (CHDN) report for R. Alexander Rankin?

Churchill Downs (CHDN) reported that director R. Alexander Rankin acquired 199.38 shares of common stock on 01/06/2026 in a Form 4 filing.

How many Churchill Downs (CHDN) shares did Rankin own after this transaction?

After the reported transaction, R. Alexander Rankin beneficially owned 99,211.17 shares of Churchill Downs common stock directly.

What was the price per share in Rankin’s Churchill Downs (CHDN) transaction?

The 199.38 shares acquired by R. Alexander Rankin were reported at a price of $0 per share, reflecting a grant rather than an open-market purchase.

How were the additional Churchill Downs (CHDN) shares granted to Rankin structured?

The additional interest was granted as restricted stock units (RSUs), each economically equivalent to one share of common stock.

When are Rankin’s Churchill Downs (CHDN) RSUs delivered as common shares?

The filing states that the underlying shares of common stock are transferred upon the reporting person’s completion of service as a director.

Is R. Alexander Rankin a director or officer of Churchill Downs (CHDN)?

R. Alexander Rankin is reported as a director of Churchill Downs Inc., and not as an officer or 10% owner.