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VAIL RESORTS INC Director's Dealing 2025

Oct 1, 2025

30973_dirs_2025-10-01_5219768a-a489-4ef3-a04e-eeb13295c5a5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2025-09-29

Reporting Person: Sullivan Gregory Jon (EVP, Retail & Hospitality)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-09-29 Common Stock M 371 Acquired 3117 Direct
2025-09-29 Common Stock M 368 Acquired 3485 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-09-29 Restricted Share Unit $0 M 371 Disposed Common Stock (371) Direct
2025-09-29 Restricted Share Unit $0 M 368 Disposed Common Stock (368) Direct
2025-09-30 Restricted Share Unit $0 A 2642 Acquired Common Stock (2642) Direct
2025-09-30 Share Appreciation Right $149.57 A 10514 Acquired 2035-09-30 Common Stock (10514) Direct

Footnotes

F1: On September 29, 2022, Reporting Person was granted 1,113 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

F2: On September 29, 2023, Reporting Person was granted 1,104 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

F3: On September 30, 2025, Reporting Person was granted 2,642 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

F4: On September 30, 2025, Reporting Person was granted 10,514 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.