KUNKEL LYNANNE (Chief HR & Trnsfrm Ofc) exercised options at VAIL RESORTS INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

KUNKEL LYNANNE

Filed: 10/1/2025ACC: 0000812011-25-000195

InsiderKUNKEL LYNANNECIK 2048276

→

IssuerVAIL RESORTS INCCIK 812011

Officer· Chief HR & Trnsfrm Ofc

Since Dec 2024

+24.64K

Net shares

Net buyer

$87.7K

Total sold

Open market trades

0B · 0S

Total transactions

27.29K acquired · 2.65K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+1.03K

Price / share

—

Trade value

—

% of position

13.2%

9/29/2025

7.81K→8.84K

Common Stock

Direct

F · Tax Withholding

−297.00

Price / share

$148.06

Trade value

$43.97K

% of position

3.4%

9/29/2025

8.84K→8.54K

Common Stock

Direct

M · Option Exercise

+1.02K

Price / share

—

Trade value

—

% of position

12.0%

9/29/2025

8.54K→9.57K

Common Stock

Direct

F · Tax Withholding

−295.00

Price / share

$148.06

Trade value

$43.68K

% of position

3.1%

9/29/2025

9.57K→9.27K

Total

Net shares

+1.46K

Net value

-$87.65K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/29/2025	M · Option Exercise	+1.03K	—	—	13.2%	7.81K	8.84K
Common Stock Direct	9/29/2025	F · Tax Withholding	−297.00	$148.06	$43.97K	3.4%	8.84K	8.54K
Common Stock Direct	9/29/2025	M · Option Exercise	+1.02K	—	—	12.0%	8.54K	9.57K
Common Stock Direct	9/29/2025	F · Tax Withholding	−295.00	$148.06	$43.68K	3.1%	9.57K	9.27K
Total			+1.46K		-$87.65K

Derivative Transactions4

Restricted Share Unit

Direct

M · Option Exercise

Converts to

Common Stock

1.03K shares

−1.03K

Strike price

Held after

0.00

Exercisable

—

9/29/2025

Restricted Share Unit

Direct

M · Option Exercise

Converts to

Common Stock

1.02K shares

−1.02K

Strike price

Held after

1.02K

Exercisable

—

9/29/2025

Restricted Share Unit

Direct

A · Award

Converts to

Common Stock

5.07K shares

+5.07K

Strike price

Held after

5.07K

Exercisable

—

9/30/2025

Share Appreciation Right

Direct

A · Award

Converts to

Common Stock

20.16K shares

+20.16K

Strike price

149.57

Held after

20.16K

Exercisable

—

9/30/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Share Unit Direct	Common Stock1.03K shares	9/29/2025	M · Option Exercise	−1.03K	0	—	0.00
Restricted Share Unit Direct	Common Stock1.02K shares	9/29/2025	M · Option Exercise	−1.02K	0	—	1.02K
Restricted Share Unit Direct	Common Stock5.07K shares	9/30/2025	A · Award	+5.07K	0	—	5.07K
Share Appreciation Right Direct	Common Stock20.16K shares	9/30/2025	A · Award	+20.16K	149.57	—	20.16K