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: 3/10/2025ACC: 0001415889-25-007584

InsiderCANE RICHARD MCIK 1957645

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP; PRES. - INTERNATIONAL

Since Mar 2026

+10.80K

Net shares

Net buyer

$159.3K

Total sold

Open market trades

0B · 0S

Total transactions

13.76K acquired · 2.96K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+694.00

Price / share

—

Trade value

—

% of position

14.3%

3/6/2025

4.86K→5.55K

Class A Common Stock

Direct

F · Tax Withholding

−273.09

Price / share

$220.38

Trade value

$60.18K

% of position

4.9%

3/6/2025

5.55K→5.28K

Class A Common Stock

Direct

M · Option Exercise

+1.54K

Price / share

—

Trade value

—

% of position

29.2%

3/6/2025

5.28K→6.82K

Class A Common Stock

Direct

F · Tax Withholding

−449.53

Price / share

$220.38

Trade value

$99.07K

% of position

6.6%

3/6/2025

6.82K→6.37K

Total

Net shares

+1.51K

Net value

-$159.25K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/6/2025	M · Option Exercise	+694.00	—	—	14.3%	4.86K	5.55K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−273.09	$220.38	$60.18K	4.9%	5.55K	5.28K
Class A Common Stock Direct	3/6/2025	M · Option Exercise	+1.54K	—	—	29.2%	5.28K	6.82K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−449.53	$220.38	$99.07K	6.6%	6.82K	6.37K
Total			+1.51K		-$159.25K

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

694.00 shares

−694.00

Strike price

Held after

694.00

Exercisable

—

3/6/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.54K shares

−1.54K

Strike price

Held after

3.09K

Exercisable

—

3/6/2025

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

5.76K shares

+5.76K

Strike price

Held after

5.76K

Exercisable

—

3/6/2025

Performance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

5.76K shares

+5.76K

Strike price

Held after

5.76K

Exercisable

—

3/6/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock694.00 shares	3/6/2025	M · Option Exercise	−694.00	—	694.00
Restricted Stock Units Direct	Class A Common Stock1.54K shares	3/6/2025	M · Option Exercise	−1.54K	—	3.09K
Restricted Stock Units Direct	Class A Common Stock5.76K shares	3/6/2025	A · Award	+5.76K	—	5.76K
Performance Restricted Stock Units Direct	Class A Common Stock5.76K shares	3/6/2025	A · Award	+5.76K	—	5.76K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.08K

Shares owned

2.08K

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

8.79K

Owned

8.79K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	2.08K	2.08K
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				8.79K	8.79K