[Form 4] VAIL RESORTS INC Insider Trading Activity

Rhea-AI Filing Summary

Bruce Sewell, a director of Vail Resorts Inc. (MTN), was granted 1,563 Restricted Share Units (RSUs) on 09/30/2025. The RSUs were issued at a $0 grant price and vest in one installment on 09/30/2026, resulting in direct beneficial ownership of 1,563 shares following the grant. The Form 4 was signed by Lucy Jensen as Attorney-in-Fact for Mr. Sewell on 10/01/2025 and reports the transaction as an individual filing by one reporting person.

Positive

• 1,563 Restricted Share Units granted to the reporting person on 09/30/2025
• RSUs vest in one installment on 09/30/2026, with direct beneficial ownership of 1,563 shares following the grant
• Form 4 discloses required transaction details including dates, amount, ownership form, and signature

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received an RSU award of 1,563 shares vesting in one year, disclosed on Form 4.

The filing documents a standard equity grant to a director: 1,563 Restricted Share Units granted 09/30/2025 that vest 09/30/2026 and are recorded at a $0 per-unit grant price. The disclosure is complete for the reported transaction dates and ownership form, showing direct beneficial ownership of 1,563 shares after the grant. The form was executed by an attorney-in-fact on 10/01/2025, satisfying signature requirements.

Securities Compliance Analyst

TL;DR: Form 4 properly reports a director's RSU grant and subsequent beneficial ownership.

The submission lists the reporting person as a director and indicates the filing is by one reporting person. The RSU award details include grant date, vesting date, amount, and ownership form (direct). The signature block indicates the filing was signed by an attorney-in-fact, meeting reporting formalities. No additional transactions or derivative instruments are reported.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SEWELL D BRUCE

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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
Restricted Share Unit	$0	09/30/2025		A		1,563		(1)	(1)	Common Stock	1,563	$0	1,563	D

Explanation of Responses:

1. On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

Remarks:

	/s/ Lucy Jensen, Attorney-in-Fact for D. Bruce Sewell	10/01/2025
	** 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 transaction did Bruce Sewell report on Form 4 for Vail Resorts (MTN)?

The Form 4 reports a grant of 1,563 Restricted Share Units to Bruce Sewell on 09/30/2025.

When do the RSUs reported by Bruce Sewell vest?

The RSUs vest in a single installment on 09/30/2026.

How many shares does Bruce Sewell beneficially own after the reported transaction?

The filing shows direct beneficial ownership of 1,563 shares following the grant.

Was a price disclosed for the Restricted Share Units on the Form 4?

Yes; the RSUs are shown with a grant price of $0 per unit in the filing.

Who signed the Form 4 filing for Bruce Sewell and when?

The Form 4 was signed by Lucy Jensen, Attorney-in-Fact for D. Bruce Sewell on 10/01/2025.