# EDGAR Filing Document

**Accession Number:** 0000824728
**File Stem:** 0000812011-25-000066
**Filing Date:** 2025-6
**Character Count:** 6209
**Document Hash:** 8337d3ba6a02db983d1746fb9c7e91f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000812011-25-000066.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0000812011-25-000066

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250604

**FILED AS OF DATE**: 20250605

**DATE AS OF CHANGE**: 20250605

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** KATZ ROBERT A
- **CENTRAL INDEX KEY:** 0000824728

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09614
- **FILM NUMBER:** 251027398

**MAIL ADDRESS:**
- **STREET 1:** C/O VAIL RESORTS, INC.
- **STREET 2:** 390 INTERLOCKEN CRESCENT, SUITE 1000
- **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>KATZ ROBERT A<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>2025-06-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO & Chairperson of the Board_ |
| **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 |
|  |  |  |  |  |  |  |  |  |  |  |

---

## 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 | 2025-06-04 |  | A |  | 6144 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 6144 | $0 | 6144 | D |  |
| Share Appreciation Right | $169.64 | 2025-06-04 |  | A |  | 25086 |  | <sup>(2)</sup> | 2035-06-04 | Common Stock | 25086 | $0 | 25086 | D |  |

---

### Footnotes:

(1) On June 4, 2025, Reporting Person was granted 6,144 restricted share units, which vest in three equal installments beginning on the one-year anniversary of the grant date.

(2) On June 4, 2025, Reporting Person was granted 25,086 share appreciation rights, which vest in three equal installments beginning on the one-year anniversary of the grant date.

**Signature:** /s/ Lucy Jensen, Attorney-in-Fact for Robert A. Katz  
**Date:** 2025-06-05

### 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.**