Canterbury Park (CPHC) CFO withholds stock to cover tax obligations

Rhea-AI Filing Summary

Canterbury Park Holding Corp Chief Financial Officer Randy J. Dehmer reported share dispositions to cover taxes tied to a prior deferred stock grant vesting. Over March 13–15, he directed the company to withhold a total of 980 shares of common stock at $15.72 per share.

These Code F transactions are tax-withholding dispositions, not open-market sales. After the transactions, Dehmer holds 26,385 shares directly and 2,866 shares indirectly through a 401(k) plan.

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^*

Dehmer Randy J

(Last) (First) (Middle)

1100 CANTERBURY PARK RD

(Street)

SHAKOPEE MN 55379

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Canterbury Park Holding Corp [ CPHC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		F		417(1)	D	$15.72	26,948	D
Common Stock	03/14/2026		F		327(1)	D	$15.72	26,621	D
Common Stock	03/15/2026		F		236(1)	D	$15.72	26,385	D
Common Stock								2,866	I	By 401(k) Plan

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. The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior deferred stock grant by directing the Company to withhold shares otherwise issuable pursuant to the previously reported grant.

	Alex Lorman by Power of Attorney for Randy J. Dehmer	03/16/2026
	** 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.
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FAQ

What insider transactions did Canterbury Park (CPHC) report for Randy J. Dehmer?

Canterbury Park reported that CFO Randy J. Dehmer had shares withheld to satisfy tax obligations from a vested deferred stock grant. Three Form 4 transactions show a total of 980 common shares disposed of as tax-withholding, rather than open-market purchases or sales.

How many Canterbury Park (CPHC) shares were used for Randy Dehmer’s tax withholding?

A total of 980 Canterbury Park common shares were withheld for Randy Dehmer’s tax obligations. The Form 4 details three Code F dispositions of 417, 327, and 236 shares, all executed at a price of $15.72 per share to cover taxes on a prior grant.

At what price were Canterbury Park (CPHC) shares withheld for Randy Dehmer’s taxes?

The withheld Canterbury Park shares were valued at $15.72 per share for Randy Dehmer’s tax obligations. Each of the three Code F tax-withholding entries on March 13, 14, and 15 used this same per-share price applied to the common stock disposed.

How many Canterbury Park (CPHC) shares does Randy Dehmer hold after these transactions?

After the tax-withholding dispositions, Randy Dehmer holds 26,385 Canterbury Park common shares directly. He also has an additional 2,866 shares held indirectly through a 401(k) plan, according to the holdings information reported alongside the Form 4 transactions.

Were Randy Dehmer’s Canterbury Park (CPHC) transactions open-market sales?

No, the transactions were not open-market sales. They are coded F on Form 4, indicating payment of tax liability by delivering securities. A footnote confirms Dehmer elected to satisfy tax withholding on a vested deferred stock grant by having the company withhold shares.