BOWEN LAURIE exercised options at SBA COMMUNICATIONS CORP

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

M · 2 exercises

BOWEN LAURIE

Filed: 5/5/2025ACC: 0001415889-25-012037

InsiderBOWEN LAURIECIK 1978602

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Director

Since May 2023

-203.50

Net shares

Net seller

$49.5K

Total sold

Open market trades

0B · 0S

Total transactions

550.00 acquired · 753.50 disposed

Non-Derivative Transactions3

Class A Common Stock

Direct

M · Option Exercise

+248.00

Price / share

—

Trade value

—

% of position

156.4%

5/1/2025

158.57→406.57

Class A Common Stock

Direct

M · Option Exercise

+302.00

Price / share

—

Trade value

—

% of position

74.3%

5/1/2025

406.57→708.57

Class A Common Stock

Direct

F · Tax Withholding

−203.50

Price / share

$243.40

Trade value

$49.53K

% of position

28.7%

5/1/2025

708.57→505.07

Total

Net shares

+346.50

Net value

-$49.53K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	5/1/2025	M · Option Exercise	+248.00	—	—	156.4%	158.57	406.57
Class A Common Stock Direct	5/1/2025	M · Option Exercise	+302.00	—	—	74.3%	406.57	708.57
Class A Common Stock Direct	5/1/2025	F · Tax Withholding	−203.50	$243.40	$49.53K	28.7%	708.57	505.07
Total			+346.50		-$49.53K

Derivative Transactions2

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

248.00 shares

−248.00

Strike price

Held after

248.00

Exercisable

—

5/1/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

302.00 shares

−302.00

Strike price

Held after

604.00

Exercisable

—

5/1/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock248.00 shares	5/1/2025	M · Option Exercise	−248.00		—	248.00
Restricted Stock Units Direct	Class A Common Stock302.00 shares	5/1/2025	M · Option Exercise	−302.00		—	604.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Stock Options (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

224.24

Expiration

—

Exercise window

—

Total

Underlying

10K

Owned

10K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options (Right to Buy) Direct	Class A Common Stock	224.24	—	—	10K	10K
Total					10K	10K