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: 3/10/2025ACC: 0001415889-25-007586

InsiderCIARFELLA MARK RCIK 1504654

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - Operations

Since Nov 2018

+10.69K

Net shares

Net buyer

$183.1K

Total sold

Open market trades

0B · 0S

Total transactions

13.77K acquired · 3.08K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+715.00

Price / share

—

Trade value

—

% of position

2.0%

3/6/2025

36.19K→36.91K

Class A Common Stock

Direct

F · Tax Withholding

−264.55

Price / share

$220.38

Trade value

$58.30K

% of position

0.7%

3/6/2025

36.91K→36.64K

Class A Common Stock

Direct

M · Option Exercise

+1.53K

Price / share

—

Trade value

—

% of position

4.2%

3/6/2025

36.64K→38.17K

Class A Common Stock

Direct

F · Tax Withholding

−566.10

Price / share

$220.38

Trade value

$124.76K

% of position

1.5%

3/6/2025

38.17K→37.61K

Total

Net shares

+1.41K

Net value

-$183.06K

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	+715.00	—	—	2.0%	36.19K	36.91K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−264.55	$220.38	$58.30K	0.7%	36.91K	36.64K
Class A Common Stock Direct	3/6/2025	M · Option Exercise	+1.53K	—	—	4.2%	36.64K	38.17K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−566.10	$220.38	$124.76K	1.5%	38.17K	37.61K
Total			+1.41K		-$183.06K

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

715.00 shares

−715.00

Strike price

Held after

715.00

Exercisable

—

3/6/2025

Restricted Stock units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.53K shares

−1.53K

Strike price

Held after

3.06K

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 Stock715.00 shares	3/6/2025	M · Option Exercise	−715.00	—	715.00
Restricted Stock units Direct	Class A Common Stock1.53K shares	3/6/2025	M · Option Exercise	−1.53K	—	3.06K
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

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

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.14K

Shares owned

2.14K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

9.06K

Owned

9.06K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
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
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	2.14K	2.14K
Total				9.06K	9.06K