Sec Form 3 Filing - Bennett Ryan @ VAIL RESORTS INC - 2021-11-01

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Bennett Ryan 2. Issuer Name and Ticker or Trading Symbol VAIL RESORTS INC [ MTN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP & Chief Marketing Officer (Last) (First) (Middle) 390 INTERLOCKEN CRESCENT 3. Date of Earliest Transaction (MM/DD/YY) 11/01/2021 (Street) BROOMFIELD, CO80021 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 661 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Share Unit $ 0 ( 1 ) ( 1 ) Common Stock 262 D Share Appreciation Right $ 229.99 ( 2 ) 05/01/2029 Common Stock 317 D Restricted Share Unit $ 0 ( 3 ) ( 3 ) Common Stock 91 D Share Appreciation Right $ 236.15 ( 4 ) 09/25/2029 Common Stock 1,335 D Restricted Share Unit $ 0 ( 5 ) ( 5 ) Common Stock 514 D Share Appreciation Right $ 225.26 ( 6 ) 09/25/2030 Common Stock 1,486 D Share Appreciation Right $ 325.16 ( 7 ) 05/01/2031 Common Stock 446 D Restricted Share Unit $ 0 ( 8 ) ( 8 ) Common Stock 927 D Share Appreciation Right $ 351.85 ( 9 ) 09/24/2031 Common Stock 3,186 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Bennett Ryan 390 INTERLOCKEN CRESCENT BROOMFIELD, CO80021 SVP & Chief Marketing Officer Signatures Lydia A. MacKenzie, Power of Attorney forRyan Bennett 11/05/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On May 1, 2019, Reporting Person was granted 787 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. On May 1, 2020, 263 shares vested of which 91 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 172 shares were issued. On May 1, 2021, 262 shares vested of which 85 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 177 shares were issued. ( 2 )On May 1, 2019, Reporting Person was granted 317 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date. ( 3 )On September 25, 2019, Reporting Person was granted 273 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. On September 25, 2020, 91 shares vested of which 27 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 64 shares were issued. On September 25, 2021, 91 shares vested of which 27 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 64 shares were issued. ( 4 )On September 25, 2019, Reporting Person was granted 1,335 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date. ( 5 )On September 25, 2020, Reporting Person was granted 771 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. On September 25, 2021, 257 shares vested of which 75 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 182 shares were issued. ( 6 )On September 25, 2020, Reporting Person was granted 1,486 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date. ( 7 )On May 1, 2021, Reporting Person was granted 446 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date. ( 8 )On September 24, 2021, Reporting Person was granted 927 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. ( 9 )On September 24, 2021, Reporting Person was granted 3,186 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Remarks: Exhibit List: Exhibit 24 - Power of Attorney

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).

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