Vail Resorts MTN Treasury stock, shares (in shares)

On March 9, 2006, the Company’s Board of Directors approved a share repurchase program, authorizing the Company to repurchase up to 3,000,000 Vail Shares. On July 16, 2008, December 4, 2015, March 7, 2023, September 25, 2024 and June 4, 2025, the Company’s Board of Directors increased the authorization by an additional 3,000,000, 1,500,000, 2,500,000, 1,100,000 and 1,500,000 Vail Shares, respectively, for a total authorization to repurchase up to 12,600,000 Vail Shares. The Company did not repurchase any Vail Shares during the three months ended April 30, 2026. The Company repurchased 186,815 Vail Shares during the three months ended April 30, 2025 (at a total cost of $30.0 million, excluding accrued excise tax). During the nine months ended April 30, 2026 and 2025, the Company repurchased 322,709 and 403,883 Vail Shares, respectively (at a total cost of $45.0 million and $70.0 million, respectively, excluding accrued excise tax). Since inception of this stock repurchase program through April 30, 2026, the Company has repurchased 11,382,892 Vail Shares at a cost of approximately $1,444.4 million. As of April 30, 2026, 1,217,108 Vail Shares remained available to repurchase under the existing share repurchase program. Vail Shares purchased pursuant to the repurchase program will be held as treasury shares and may be used for the issuance under the Company’s employee share award plan.