Oasis discloses 6.5% Vail Resorts (MTN) position in Schedule 13G/A

Rhea-AI Filing Summary

Oasis Management Company Ltd. and Seth Fischer report beneficial ownership of 2,329,018 shares of Vail Resorts, Inc. common stock. These shares are held by an Oasis fund, with Oasis Management acting as investment manager and Mr. Fischer supervising its investment activities.

The position represents 6.5% of Vail Resorts’ common stock, based on 35,633,526 shares outstanding as of June 3, 2026. The reporting persons have shared voting and shared dispositive power over all 2,329,018 shares, and no sole voting or dispositive power. They state that filing this report does not constitute an admission of beneficial ownership under Section 13.

Key Figures

Shares beneficially owned: 2,329,018 shares Ownership percentage: 6.5% Shares outstanding: 35,633,526 shares +2 more

5 metrics

Shares beneficially owned 2,329,018 shares Common stock of Vail Resorts reported by Oasis Management and Seth Fischer

Ownership percentage 6.5% Portion of Vail Resorts common stock beneficially owned

Shares outstanding 35,633,526 shares Vail Resorts common stock outstanding as of June 3, 2026

Shared voting power 2,329,018 shares Shares over which the reporting persons share voting power

Shared dispositive power 2,329,018 shares Shares over which the reporting persons share dispositive power

Key Terms

beneficial owner, shared voting power, shared dispositive power, Investment Manager, +1 more

5 terms

beneficial owner regulatory

"admission that any of the Reporting Persons is, for the purposes of Section 13, the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power regulatory

"Shared Voting Power 2,329,018.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power regulatory

"Shared Dispositive Power 2,329,018.00"

Investment Manager financial

""Oasis Management" or the "Investment Manager", with respect to the shares of common stock"

Schedule 13G regulatory

"for the purposes of Section 13 of the Securities Exchange Act of 1934"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What stake in Vail Resorts (MTN) does Oasis Management report?

Oasis Management and Seth Fischer report beneficial ownership of 2,329,018 shares of Vail Resorts common stock, representing 6.5% of the company’s outstanding shares as of June 3, 2026.

Who are the reporting persons in this Vail Resorts (MTN) Schedule 13G/A?

The filing is made by Oasis Management Company Ltd., a Cayman Islands exempted company, and Seth Fischer, who oversees all investment activities of Oasis Management related to the relevant Oasis fund.

How much voting power does Oasis have in Vail Resorts (MTN)?

The reporting persons have 0 shares with sole voting power and 2,329,018 shares with shared voting power in Vail Resorts, reflecting their jointly controlled position through the Oasis fund.

What percentage of Vail Resorts (MTN) shares is used to calculate Oasis’s 6.5% stake?

The 6.5% ownership is calculated using 35,633,526 shares of Vail Resorts common stock outstanding as of June 3, 2026, as reported in the company’s Form 10-Q.

Does Oasis Management claim sole dispositive power over Vail Resorts (MTN) shares?

No. The reporting persons have 0 shares with sole dispositive power and 2,329,018 shares with shared dispositive power, meaning decisions to sell or transfer are shared rather than individually controlled.

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Available on EDGAR 08/14/2026 - 08:31 AM Accepted by SEC EDGAR 08/14/2026 - 08:30 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

VAIL RESORTS INC

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

91879Q109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 91879Q109

1

Names of Reporting Persons

Oasis Management Company Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,329,018.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,329,018.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,329,018.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP Number(s): 91879Q109

1

Names of Reporting Persons

Seth Fischer

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

GERMANY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,329,018.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,329,018.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,329,018.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: VAIL RESORTS INC
(b)	Address of issuer's principal executive offices: 390 Interlocken Crescent, Broomfield, Colorado 80021
Item 2.
(a)	Name of person filing: This statement is filed by: i. Oasis Management Company Ltd., a Cayman Islands exempted company ("Oasis Management" or the "Investment Manager"), with respect to the shares of common stock, par value $0.01 per share ("Common Stock"), of Vail Resorts, Inc. (the "Company") held by Oasis Investments II Master Fund Ltd. (the "Oasis Fund"); and ii. Seth Fischer ("Mr. Fischer"), responsible for the supervision and conduct of all investment activities of the Investment Manager, including all investment decisions with respect to the assets of the Oasis Fund, with respect to the Common Stock held by the Oasis Fund. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of Oasis Management is 4th Floor Anderson Square, 64 Shedden Road, P.O. Box 10324 Grand Cayman, Cayman Islands KY-1103. The address of the business office of Mr. Fischer is c/o Oasis Management (Hong Kong) 25/F, LHT Tower, 31 Queen's Road Central, Central, Hong Kong.
(c)	Citizenship: Oasis Management is a Cayman Islands exempted company. Mr. Fischer is a citizen of Germany.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 91879Q109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 35,633,526 shares of Common Stock outstanding as of June 3, 2026, as reported in the Company's Form 10-Q for the quarterly period ended April 30, 2026, filed with the Securities and Exchange Commission on June 8, 2026.
(b)	Percent of class: 6.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Oasis Management Company Ltd.

Signature:	/s/ Phillip Meyer
Name/Title:	Phillip Meyer, Director
Date:	08/14/2026

Seth Fischer

Signature:	/s/ Seth Fischer
Name/Title:	Seth Fischer, individually
Date:	08/14/2026