# EDGAR Filing Document

**Accession Number:** 0001976726
**File Stem:** 0000812011-25-000193
**Filing Date:** 2025-10
**Character Count:** 7346
**Document Hash:** 3bae1904a7ac9e6b52d555db69571641
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000812011-25-000193.hdr.sgml**: 20251001

**ACCESSION NUMBER**: 0000812011-25-000193

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250929

**FILED AS OF DATE**: 20251001

**DATE AS OF CHANGE**: 20251001

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Rock William
- **CENTRAL INDEX KEY:** 0001976726

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09614
- **FILM NUMBER:** 251366047

**MAIL ADDRESS:**
- **STREET 1:** C/O VAIL RESORTS, INC.
- **STREET 2:** 390 INTERLOCKEN CRESCENT
- **CITY:** BROOMFIELD
- **STATE:** CO
- **ZIP:** 80021
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VAIL RESORTS INC
- **CENTRAL INDEX KEY:** 0000812011
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 510291762
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**BUSINESS ADDRESS:**
- **STREET 1:** 390 INTERLOCKEN CRESCENT
- **STREET 2:** SUITE 1000
- **CITY:** BROOMFIELD
- **STATE:** CO
- **ZIP:** 80021
- **BUSINESS PHONE:** 303-404-1800

**MAIL ADDRESS:**
- **STREET 1:** 390 INTERLOCKEN CRESCENT
- **STREET 2:** SUITE 1000
- **CITY:** BROOMFIELD
- **STATE:** CO
- **ZIP:** 80021

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Rock William<br><sub>(Last) (First) (Middle)</sub><br>C/O VAIL RESORTS, INC.<br>390 INTERLOCKEN CRESCENT<br><sub>(Street)</sub><br>BROOMFIELD, CO 80021<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-09-29 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President, Mountain Division_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>VAIL RESORTS INC [ MTN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-09-29 |  | M |  | 448 | A | $0 | 8979 | D |  |
| Common Stock | 2025-09-29 |  | F |  | 129<sup>(1)</sup> | D | $148.06 | 8850 | D |  |
| Common Stock | 2025-09-29 |  | M |  | 839 | A | $0 | 9689 | D |  |
| Common Stock | 2025-09-29 |  | F |  | 242<sup>(1)</sup> | D | $148.06 | 9447 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Share Unit | $0 | 2025-09-29 |  | M |  |  | 448 | <sup>(2)</sup> | <sup>(2)</sup> | Common Stock | 448 | $0 | 0 | D |  |
| Restricted Share Unit | $0 | 2025-09-29 |  | M |  |  | 839 | <sup>(3)</sup> | <sup>(3)</sup> | Common Stock | 839 | $0 | 839 | D |  |
| Restricted Share Unit | $0 | 2025-09-30 |  | A |  | 4349 |  | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 4349 | $0 | 4349 | D |  |
| Share Appreciation Right | $149.57 | 2025-09-30 |  | A |  | 17305 |  | <sup>(5)</sup> | 2035-09-30 | Common Stock | 17305 | $0 | 17305 | D |  |

---

### Footnotes:

(1) These shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of Restricted Share Units ("RSUs") in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.

(2) On September 29, 2022, Reporting Person was granted 1,344 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

(3) On September 29, 2023, Reporting Person was granted 2,517 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

(4) On September 30, 2025, Reporting Person was granted 4,349 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

(5) On September 30, 2025, Reporting Person was granted 17,305 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

**Signature:** /s/ Lucy Jensen, Attorney-in-Fact for William Rock  
**Date:** 2025-10-01

### Remarks:

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.**