X0202 SCHEDULE 13G/A 0001017918-05-000061 0001017918 XXXXXXXX LIVE 25 Common Stock, $0.01 par value 03/31/2026 0000812011 Vail Resorts, Inc. 91879Q109 390 Interlocken Crescent Suite 1000 Broomfield CO 80021 Rule 13d-1(b) BAMCO INC /NY/ b NY 0 4426491 0 4497534 4497534 12.62 IA CO Baron Capital Group, Inc. b NY 0 4972490 0 5043533 5043533 14.15 CO HC Baron Capital Management, Inc. b NY 0 545999 0 545999 545999 1.53 IA CO Ronald Baron b X1 0 4972490 0 5043533 5043533 14.15 HC IN Baron Growth Fund b MA 0 755000 0 755000 755000 2.12 IV Baron Partners Fund b DE 0 1800000 0 1800000 1800000 5.05 IV Vail Resorts, Inc. 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD, CO, 80021 Baron Capital Group, Inc. ("BCG"), BAMCO, Inc. ("BAMCO"), Baron Capital Management, Inc. ("BCM"), Ronald Baron, Baron Growth Fund ("BGF"), Baron Partners Fund ("BPF") 767 Fifth Avenue, 49th Floor, New York, NY 10153 BCG, BAMCO and BCM are New York corporations. Ronald Baron is a citizen of the United States. BGF is a series of a Massachusetts Business Trust. BPF is a series of a Delaware Statutory Trust. N IV IA HC 5,043,533 14.15 0 4,972,490 0 5,043,533 Y N The advisory clients of BAMCO and BCM have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer's common stock in their accounts. To the best of the Filing Persons' knowledge, no such person has such interest relating to more than 5% of the outstanding class of securities. N BAMCO and BCM are subsidiaries of BCG. BGF and BPF are advisory clients of BAMCO. Ronald Baron owns a controlling interest in BCG. N See Item 3. 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. BAMCO INC /NY/ /s/ Ronald Baron 05/15/2026 Baron Capital Group, Inc. /s/ Ronald Baron 05/15/2026 Baron Capital Management, Inc. /s/ Ronald Baron 05/15/2026 Ronald Baron /s/ Ronald Baron 05/15/2026 Baron Growth Fund /s/ Ronald Baron 05/15/2026 Baron Partners Fund /s/ Ronald Baron 05/15/2026