[Form 4] Vail Resorts, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Overview: Vail Resorts, Inc. (MTN) filed a Form 4 detailing an open-market purchase by Executive Vice President & Chief Financial Officer Angela A. Korch.

• Transaction date: 06/20/2025
• Securities involved: Common Stock
• Shares acquired: 200 (coded “P” for purchase)
• Price per share: $157 (note 1)
• Total value: approximately $31,400
• Post-transaction ownership: 3,156 shares held directly

The filing was signed by Attorney-in-Fact Lucy Jensen on 06/23/2025. No derivative security transactions were reported, and no Rule 10b5-1 trading plan box was checked. The form was filed by a single reporting person and indicates continued Section 16 reporting obligations.

Insights

Financial Analyst

TL;DR: Small direct purchase by CFO; limited financial impact.

The Form 4 shows CFO Angela Korch buying 200 MTN shares at $157 each, lifting her direct stake to 3,156 shares. The cash outlay (≈$31k) is modest relative to Vail Resorts’ daily trading volume and market capitalization, suggesting the move is immaterial to valuation. Nevertheless, insider purchases are generally perceived as a token of management’s confidence, albeit the size here is too small to draw strong conclusions. No sales or derivative activity were disclosed, and no 10b5-1 plan was cited.

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)
06/20/2025

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	06/20/2025		P		200	A	$157(1)	3,156	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	06/23/2025
	** 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

When did Vail Resorts (MTN) CFO Angela Korch buy shares?

The purchase occurred on June 20, 2025.

How many Vail Resorts shares were acquired in the Form 4 filing?

Angela Korch acquired 200 common shares.

What was the price per share paid by the CFO?

Each share was bought at $157.

How many MTN shares does the CFO own after the transaction?

Post-transaction, she directly owns 3,156 shares.

Were any derivative securities involved in this Form 4?

No, the filing reports no derivative security transactions.