CIARFELLA MARK R (EVP - Operations) exercised options at SBA COMMUNICATIONS CORP

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

M · 2 exercises

CIARFELLA MARK R

Filed: 3/6/2025ACC: 0001415889-25-007301

InsiderCIARFELLA MARK RCIK 1504654

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - Operations

Since Nov 2018

-1.67K

Net shares

Net seller

$369.3K

Total sold

Open market trades

0B · 0S

Total transactions

4.27K acquired · 5.94K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+611.00

Price / share

—

Trade value

—

% of position

1.8%

3/4/2025

33.59K→34.20K

Class A Common Stock

Direct

F · Tax Withholding

−226.07

Price / share

$221.51

Trade value

$50.08K

% of position

0.7%

3/4/2025

34.20K→33.97K

Class A Common Stock

Direct

M · Option Exercise

+3.66K

Price / share

—

Trade value

—

% of position

10.8%

3/4/2025

33.97K→37.64K

Class A Common Stock

Direct

F · Tax Withholding

−1.44K

Price / share

$221.51

Trade value

$319.20K

% of position

3.8%

3/4/2025

37.64K→36.19K

Total

Net shares

+2.61K

Net value

-$369.27K

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	+611.00	—	—	1.8%	33.59K	34.20K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−226.07	$221.51	$50.08K	0.7%	34.20K	33.97K
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+3.66K	—	—	10.8%	33.97K	37.64K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−1.44K	$221.51	$319.20K	3.8%	37.64K	36.19K
Total			+2.61K		-$369.27K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

611.00 shares

−611.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.83K shares

−1.83K

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Class A Common Stock

1.83K shares

−1.83K

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Security	Converts To	Date	Type	Shares	Exercisable
Restricted Stock Units Direct	Class A Common Stock611.00 shares	3/4/2025	M · Option Exercise	−611.00	—
Performance Restricted Stock Units Direct	Class A Common Stock1.83K shares	3/4/2025	M · Option Exercise	−1.83K	—
Performance Restricted Stock Units Direct	Class A Common Stock1.83K shares	3/4/2025	D · Disposition	−1.83K	—

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

2.14K

Shares owned

2.14K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.77K

Shares owned

4.77K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.14K

Shares owned

2.14K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.43K

Shares owned

1.43K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.59K

Shares owned

4.59K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

15.08K

Owned

15.08K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	2.14K	2.14K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	4.77K	4.77K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	2.14K	2.14K
Restricted Stock Units Direct	Class A Common Stock	—	—	1.43K	1.43K
Restricted Stock units Direct	Class A Common Stock	—	—	4.59K	4.59K
Total				15.08K	15.08K