[Form 4] VAIL RESORTS INC Insider Trading Activity

Rhea-AI Filing Summary

Insider purchase by Vail Resorts executive. On 10/07/2025, Angela A. Korch, EVP & Chief Financial Officer, reported an open-market purchase of 210 shares of Vail Resorts Inc. (ticker MTN) at a price of $155 per share. Following the transaction she beneficially owns 4,905 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person and states the shares were acquired in open-market transactions.

Positive

• Officer-level purchase by the EVP & Chief Financial Officer signals personal investment
• Open-market acquisition clearly disclosed with transaction price $155
• Total beneficial ownership after the trade is stated as 4,905 shares

Negative

• Transaction size is relatively small and unlikely to be materially market-moving
• No additional context (e.g., intent, pattern, or subsequent trades) provided to assess trend

Insights

Corporate Governance Specialist

Executive-level open-market buy signals routine insider accumulation.

The purchase was made by the company's EVP & Chief Financial Officer, indicating a direct officer-level acquisition rather than a planned 10b5-1 sale or grant exercise. The report explicitly states the shares were bought in open-market transactions at $155 on 10/07/2025.

Dependencies and risks are standard for any open-market trade: the size is small relative to typical executive holdings and does not, by itself, change control or materially affect outstanding shares. Watch for further scheduled filings or larger transactions within the next reporting period if accumulation continues.

Equity Compensation Analyst

Small-scale buy consistent with diversification or compensation conversion.

The transaction code reported is "P" (open-market purchase) for 210 shares at $155, leaving total beneficial ownership of 4,905 shares. The Form 4 includes a clarifying note that all shares were acquired at the reported price in open-market trades.

Given no derivative activity or disposals were reported, this appears to be a straightforward purchase rather than an option exercise or automatic plan. If additional filings show option exercises or larger purchases, they would materially change ownership metrics.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Korch Angela A

(Last) (First) (Middle)

C/O VAIL RESORTS, INC.

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VAIL RESORTS INC [ MTN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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	10/07/2025		P		210	A	$155(1)	4,905	D

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. All shares were acquired at the reported price in open-market transactions.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for Angela A. Korch	10/07/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Vail Resorts insider Angela Korch (MTN) report on 10/07/2025?

The report shows Angela A. Korch, EVP & Chief Financial Officer, purchased 210 shares in open-market transactions at $155 per share on 10/07/2025, bringing her total to 4,905 shares.

Was the 10/07/2025 transaction by the MTN insider part of a 10b5-1 plan?

No. The Form 4 indicates the shares were acquired in open-market transactions and does not mark the filing as a 10b5-1 plan purchase.

How was the Form 4 signed for the MTN insider filing?

The Form 4 was signed on behalf of the reporting person by an attorney-in-fact, Lucy Jensen, on the date 10/07/2025.

Does the filing show any derivative transactions for Angela Korch (MTN)?

No. Table II for derivative securities shows no entries; the filing only discloses a non-derivative common stock purchase.

How many shares does Angela Korch own after the purchase?

Following the reported transaction, she beneficially owns 4,905 shares.