CHAN MARY S exercised options at SBA COMMUNICATIONS CORP

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

M · 1 exercise

CHAN MARY S

Filed: 4/14/2026ACC: 0001641154-26-000002

InsiderCHAN MARY SCIK 1641154

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Director

Since May 2019

-1.45K

Net shares

Net seller

$325.1K

Total sold

Open market trades

0B · 0S

Total transactions

1.50K acquired · 2.95K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+1.50K

Price / share

$212.31

Trade value

$318.68K

% of position

25.8%

4/13/2026

5.82K→7.32K

Class A Common Stock

Direct

F · Tax Withholding

−1.45K

Price / share

$223.75

Trade value

$325.11K

% of position

19.9%

4/13/2026

7.32K→5.87K

Total

Net shares

+48.00

Net value

-$6.43K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	4/13/2026	M · Option Exercise	+1.50K	$212.31	$318.68K	25.8%	5.82K	7.32K
Class A Common Stock Direct	4/13/2026	F · Tax Withholding	−1.45K	$223.75	$325.11K	19.9%	7.32K	5.87K
Total			+48.00		-$6.43K

Derivative Transactions1

Stock Options (Right to Buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.50K shares

−1.50K

Strike price

212.31

Held after

0.00

Exercisable

—

4/13/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options (Right to Buy) Direct	Class A Common Stock1.50K shares	4/13/2026	M · Option Exercise	−1.50K	212.31	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

604.00

Shares owned

604.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

248.00

Shares owned

248.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

994.00

Shares owned

994.00

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

1.85K

Owned

1.85K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock	—	—	604.00	604.00
Restricted Stock Units Direct	Class A Common Stock	—	—	248.00	248.00
Restricted Stock Units Direct	Class A Common Stock	—	—	994.00	994.00
Total				1.85K	1.85K