CARSTANJEN WILLIAM C.

PrivateCIK: 1330580
Location

LOUISVILLE, KY

CARSTANJEN WILLIAM C. (Chief Executive Officer) exercised options at CHURCHILL DOWNS INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise
InsiderCARSTANJEN WILLIAM C.CIK 1330580
IssuerCHURCHILL DOWNS INCCIK 20212
Officer· Chief Executive Officer
Since Oct 2018
-68.07K
Net shares
Net seller
$6.83M
Total sold
0
Open market trades
0B · 0S
3
Total transactions
151.94K acquired · 220.01K disposed
Non-Derivative Transactions2

Common Stock

Direct
M · Option Exercise

Shares

+151.94K

Price / share

Trade value

% of position

9.5%
10/30/2025
1.59M1.74M

Common Stock

Direct
F · Tax Withholding

Shares

68.07K

Price / share

$100.40

Trade value

$6.83M

% of position

3.9%
10/30/2025
1.74M1.68M
Total

Net shares

+83.87K

Net value

-$6.83M

Derivative Transactions1

Restricted Stock Units

Direct
M · Option Exercise
Converts to

Common Stock

151.94K shares

Shares

151.94K

Strike price

Held after

146.37K

Exercisable

10/30/2025
CARSTANJEN WILLIAM C. — Insider Transaction (Form 4) Filed Nov 3, 2025 | Finecho