Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Dec 31, 2025
Reporting period
Not applicable
Filed with the SEC
Jan 5, 2026
OfficerOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references an employee stock purchase plan
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000020212-26-000002
Filed / recorded
Jan 5, 2026, 9:16 PM UTC
Added to OQRO
Oct 6, 2026, 7:14 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
Churchill Downs Inc
Issuer CIK
20212
Ticker
CHDN
Reporting person
William E. Mudd
Relationship
Officer
Officer title
President and COO
Security
Common Stock
Table
Non-derivative (Table I)
Transaction date
Dec 31, 2025
Transaction code
M
Shares / units
13,477
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
741,151.8
Ownership form
Direct
Amendment
No
Footnotes from the filing
The reporting person is voluntarily reporting the acquisition of 178 shares acquired under the Churchill Downs Incorporated Employee Stock Purchase Plan (the "ESPP") for the period August 1, 2024 through July 31, 2025, and 211 shares from the ESPP for the period August 1, 2023 through July 31, 2024.