X0202 SCHEDULE 13G/A 0000902664-26-001045 0001317904 XXXXXXXX LIVE 1 Common Stock, par value $0.01 per share 03/31/2026 0000812011 VAIL RESORTS INC 91879Q109 390 INTERLOCKEN CRESCENT SUITE 1000 BROOMFIELD CO 80021 Rule 13d-1(b) Oasis Management Co Ltd. E9 0.00 2808396.00 0.00 2808396.00 2808396.00 N 7.9 IA OO Includes 800,000 shares of Common Stock (as defined in Item 2(a)) issuable upon exercise of call options. Seth Fischer 2M 0.00 2808396.00 0.00 2808396.00 2808396.00 N 7.9 HC IN Includes 800,000 shares of Common Stock issuable upon exercise of call options. VAIL RESORTS INC 390 Interlocken Crescent, Broomfield, Colorado 80021 This statement is filed by: i. Oasis Management Company Ltd., a Cayman Islands exempted company ("Oasis Management" or the "Investment Manager"), with respect to the shares of common stock, par value $0.01 per share ("Common Stock"), of Vail Resorts, Inc. (the "Company") held by (and underlying options held by) Oasis Investments II Master Fund Ltd. (the "Oasis Fund"); and ii. Seth Fischer ("Mr. Fischer"), responsible for the supervision and conduct of all investment activities of the Investment Manager, including all investment decisions with respect to the assets of the Oasis Fund, with respect to the Common Stock held by (and underlying options held by) the Oasis Fund. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein. The address of the business office of Oasis Management is 4th Floor Anderson Square, 64 Shedden Road, P.O. Box 10324 Grand Cayman, Cayman Islands KY-1103. The address of the business office of Mr. Fischer is c/o Oasis Management (Hong Kong) 25/F, LHT Tower, 31 Queen's Road Central, Central, Hong Kong. Oasis Management is a Cayman Islands exempted company. Mr. Fischer is a citizen of Germany. N IA HC The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 35,633,051 shares of Common Stock outstanding as of March 4, 2026, as reported in the Company's Form 10-Q for the quarterly period ended January 31, 2026, filed with the Securities and Exchange Commission on March 9, 2026. 7.9% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Y N See Item 2(a). Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Oasis Management Co Ltd. /s/ Phillip Meyer 05/15/2026 Seth Fischer /s/ Seth Fischer 05/15/2026