MTN · Vail Resorts Inc

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.

On June 4, 2025, Reporting Person was granted 6,144 RSUs, which vest in three equal annual installments beginning on June 4, 2026.

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

On May 1, 2024, the Reporting Person was granted 219 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date.

The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $131.37 to $131.88, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

All shares were acquired at the reported price in open-market transactions.

Shares of common stock 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.

On February 1, 2026, Reporting Person was granted 24,393 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

On February 1, 2026, Reporting Person was granted 17,281 Restricted Share Units ("RSUs"), which vest in one installment on February 1, 2027.

On February 1, 2026, Reporting Person was granted 9,875 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

Shares of common stock 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.

On February 1, 2023, Reporting Person was granted 1,224 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On February 1, 2026, Reporting Person was granted 38,665 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.

On February 1, 2023, Reporting Person was granted 1,418 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On November 1, 2024, Reporting Person was granted 318 RSUs, which vest in three equal annual installments beginning on the first anniversary of the grant date.

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.

All shares were acquired at the reported price in open-market transactions.

On September 30, 2025, Reporting Person was granted 3,876 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 30, 2025, Reporting Person was granted 5,867 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

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.

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.

On September 30, 2025, Reporting Person was granted 50,899 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 30, 2025, Reporting Person was granted 23,341 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 5,068 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 4,334 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 15,421 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 30, 2025, Reporting Person was granted 11,305 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 30, 2025, Reporting Person was granted 10,514 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 2,249 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 2,642 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 30, 2025, Reporting Person was granted 20,164 Share Appreciation Rights, which vest in three equal installments commencing on the first anniversary of the grant date.

On September 30, 2025, Reporting Person was granted 1,563 Restricted Share Units, which vest in one installment on September 30, 2026.

On September 29, 2022, Reporting Person was granted 3,092 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

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.