CANE RICHARD M (EVP; PRES. - INTERNATIONAL) exercised options at SBA COMMUNICATIONS CORP

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

M · 2 exercises

CANE RICHARD M

Filed: 3/6/2025ACC: 0001415889-25-007298

InsiderCANE RICHARD MCIK 1957645

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IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP; PRES. - INTERNATIONAL

Since Mar 2026

-323.37

Net shares

Net seller

$71.6K

Total sold

Open market trades

0B · 0S

Total transactions

1.33K acquired · 1.65K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+190.00

Price / share

—

Trade value

—

% of position

4.9%

3/4/2025

3.85K→4.04K

Class A Common Stock

Direct

F · Tax Withholding

−46.27

Price / share

$221.51

Trade value

$10.25K

% of position

1.1%

3/4/2025

4.04K→4K

Class A Common Stock

Direct

M · Option Exercise

+1.14K

Price / share

—

Trade value

—

% of position

28.5%

3/4/2025

4K→5.14K

Class A Common Stock

Direct

F · Tax Withholding

−277.10

Price / share

$221.51

Trade value

$61.38K

% of position

5.4%

3/4/2025

5.14K→4.86K

Total

Net shares

+1K

Net value

-$71.63K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+190.00	—	—	4.9%	3.85K	4.04K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−46.27	$221.51	$10.25K	1.1%	4.04K	4K
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+1.14K	—	—	28.5%	4K	5.14K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−277.10	$221.51	$61.38K	5.4%	5.14K	4.86K
Total			+1K		-$71.63K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

190.00 shares

−190.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

569.00 shares

−569.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Class A Common Stock

569.00 shares

−569.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Security	Converts To	Date	Type	Shares	Exercisable
Restricted Stock Units Direct	Class A Common Stock190.00 shares	3/4/2025	M · Option Exercise	−190.00	—
Performance Restricted Stock Units Direct	Class A Common Stock569.00 shares	3/4/2025	M · Option Exercise	−569.00	—
Performance Restricted Stock Units Direct	Class A Common Stock569.00 shares	3/4/2025	D · Disposition	−569.00	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)5

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.08K

Shares owned

2.08K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

693.00

Shares owned

693.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.63K

Shares owned

4.63K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.63K

Shares owned

4.63K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.08K

Shares owned

2.08K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

14.11K

Owned

14.11K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	2.08K	2.08K
Restricted Stock Units Direct	Class A Common Stock	—	—	693.00	693.00
Restricted Stock Units Direct	Class A Common Stock	—	—	4.63K	4.63K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	4.63K	4.63K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	2.08K	2.08K
Total				14.11K	14.11K