Churchill Downs Inc (CHDN) Stock: PAR Capital Management Lowers Stake Below 5%

Page 5 of 7 – SEC Filing

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Item 1(a) Name of issuer:

Churchill Downs Incorporated

Item 1(b) Address of
issuers principal executive offices:

600 N. Hurstbourne Pkwy, Suite 400

Louisville, Kentucky 40222

2(a) Name of person filing:

PAR Investment Partners, L.P.

PAR Group, L.P.

PAR Capital Management, Inc.

2(b) Address or principal business
office or, if none, residence:

PAR Capital Management, Inc.

One International Place, Suite 2401

Boston, MA 02110

2(c) Citizenship:

State of Delaware

2(d) Title of class of securities:

Common stock, par value $.01

2(e) CUSIP No.:

171484108

Item 3. If this statement is filed pursuant to §§240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4. Ownership

(a)	Amount beneficially owned:

813,165

(b)	Percent of class:

4.9%