ROCK WILLIAM (President, Mountain Division) exercised options at VAIL RESORTS INC

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

M · 2 exercises

ROCK WILLIAM

Filed: 10/1/2025ACC: 0000812011-25-000193

InsiderROCK WILLIAMCIK 1976726

→

IssuerVAIL RESORTS INCCIK 812011

Officer· President, Mountain Division

Since May 2023

+21.28K

Net shares

Net buyer

$54.9K

Total sold

Open market trades

0B · 0S

Total transactions

22.94K acquired · 1.66K disposed

Non-Derivative Transactions4

Common Stock

Direct

M · Option Exercise

+448.00

Price / share

—

Trade value

—

% of position

5.3%

9/29/2025

8.53K→8.98K

Common Stock

Direct

F · Tax Withholding

−129.00

Price / share

$148.06

Trade value

$19.10K

% of position

1.4%

9/29/2025

8.98K→8.85K

Common Stock

Direct

M · Option Exercise

+839.00

Price / share

—

Trade value

—

% of position

9.5%

9/29/2025

8.85K→9.69K

Common Stock

Direct

F · Tax Withholding

−242.00

Price / share

$148.06

Trade value

$35.83K

% of position

2.5%

9/29/2025

9.69K→9.45K

Total

Net shares

+916.00

Net value

-$54.93K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/29/2025	M · Option Exercise	+448.00	—	—	5.3%	8.53K	8.98K
Common Stock Direct	9/29/2025	F · Tax Withholding	−129.00	$148.06	$19.10K	1.4%	8.98K	8.85K
Common Stock Direct	9/29/2025	M · Option Exercise	+839.00	—	—	9.5%	8.85K	9.69K
Common Stock Direct	9/29/2025	F · Tax Withholding	−242.00	$148.06	$35.83K	2.5%	9.69K	9.45K
Total			+916.00		-$54.93K

Derivative Transactions4

Restricted Share Unit

Direct

M · Option Exercise

Converts to

Common Stock

448.00 shares

−448.00

Strike price

Held after

0.00

Exercisable

—

9/29/2025

Restricted Share Unit

Direct

M · Option Exercise

Converts to

Common Stock

839.00 shares

−839.00

Strike price

Held after

839.00

Exercisable

—

9/29/2025

Restricted Share Unit

Direct

A · Award

Converts to

Common Stock

4.35K shares

+4.35K

Strike price

Held after

4.35K

Exercisable

—

9/30/2025

Share Appreciation Right

Direct

A · Award

Converts to

Common Stock

17.30K shares

+17.30K

Strike price

149.57

Held after

17.30K

Exercisable

—

9/30/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Share Unit Direct	Common Stock448.00 shares	9/29/2025	M · Option Exercise	−448.00	0	—	0.00
Restricted Share Unit Direct	Common Stock839.00 shares	9/29/2025	M · Option Exercise	−839.00	0	—	839.00
Restricted Share Unit Direct	Common Stock4.35K shares	9/30/2025	A · Award	+4.35K	0	—	4.35K
Share Appreciation Right Direct	Common Stock17.30K shares	9/30/2025	A · Award	+17.30K	149.57	—	17.30K