BERNSTEIN STEVEN E exercised options at SBA COMMUNICATIONS CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

BERNSTEIN STEVEN E

Filed: 5/5/2026ACC: 0001089833-26-000002

InsiderBERNSTEIN STEVEN ECIK 1089833

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

DirectorOther

Since Mar 2019

0.00

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

881.00 acquired · 881.00 disposed

Non-Derivative Transactions3

Class A Common Stock

Direct

M · Option Exercise

+248.00

Price / share

—

Trade value

—

% of position

4.0%

5/1/2026

6.25K→6.50K

Class A Common Stock

Direct

M · Option Exercise

+302.00

Price / share

—

Trade value

—

% of position

4.6%

5/1/2026

6.50K→6.80K

Class A Common Stock

Direct

M · Option Exercise

+331.00

Price / share

—

Trade value

—

% of position

4.9%

5/1/2026

6.80K→7.13K

Total

Net shares

+881.00

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	5/1/2026	M · Option Exercise	+248.00	—	—	4.0%	6.25K	6.50K
Class A Common Stock Direct	5/1/2026	M · Option Exercise	+302.00	—	—	4.6%	6.50K	6.80K
Class A Common Stock Direct	5/1/2026	M · Option Exercise	+331.00	—	—	4.9%	6.80K	7.13K
Total			+881.00		$0.00

Derivative Transactions3

Restricted Share Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

248.00 shares

−248.00

Strike price

Held after

0.00

Exercisable

—

5/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

302.00 shares

−302.00

Strike price

Held after

302.00

Exercisable

—

5/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

331.00 shares

−331.00

Strike price

Held after

663.00

Exercisable

—

5/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Share Units Direct	Class A Common Stock248.00 shares	5/1/2026	M · Option Exercise	−248.00	—	0.00
Restricted Stock Units Direct	Class A Common Stock302.00 shares	5/1/2026	M · Option Exercise	−302.00	—	302.00
Restricted Stock Units Direct	Class A Common Stock331.00 shares	5/1/2026	M · Option Exercise	−331.00	—	663.00

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Indirect

Shares owned56.31K

Total

56.31K indirect56.31K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	56.31K	Indirect
Total	56.31K	56.31K indirect

Derivative Holdings (Post-Transaction)1

Stock Options (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

1.50K

Shares owned

1.50K

Exercise price

212.31

Expiration

—

Exercise window

—

Total

Underlying

1.50K

Owned

1.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options (Right to Buy) Direct	Class A Common Stock	212.31	—	—	1.50K	1.50K
Total					1.50K	1.50K