CIARFELLA MARK R

PrivateCIK: 1504654

Location

BOCA RATON, FL

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 · 1 exercise

CIARFELLA MARK R

Filed: 12/9/2025ACC: 0001504654-25-000004

InsiderCIARFELLA MARK RCIK 1504654

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - Operations

Since Nov 2018

-215.00

Net shares

Net seller

$40.9K

Total sold

0

Open market trades

0B · 0S

3

Total transactions

215.00 acquired · 430.00 disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

Shares

+215.00

Price / share

—

Trade value

—

% of position

0.6%

12/5/2025

37.61K→37.82K

Class A Common Stock

Direct

F · Tax Withholding

Shares

−215.00

Price / share

$190.00

Trade value

$40.85K

% of position

0.6%

12/5/2025

37.82K→37.61K

Total

Net shares

+0.00

Net value

-$40.85K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	12/5/2025	M · Option Exercise	+215.00	—	—	0.6%	37.61K	37.82K
Class A Common Stock Direct	12/5/2025	F · Tax Withholding	−215.00	$190.00	$40.85K	0.6%	37.82K	37.61K
Total			+0.00		-$40.85K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

215.00 shares

Shares

−215.00

Strike price

Held after

5.54K

Exercisable

—

12/5/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock215.00 shares	12/5/2025	M · Option Exercise	−215.00		—	5.54K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

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

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

715.00

Shares owned

715.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock units

Direct

Underlying security

Class A Common Stock

Underlying shares

3.06K

Shares owned

3.06K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

5.76K

Shares owned

5.76K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

18.60K

Owned

18.60K

Security	Underlying	Exercise Price	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
Restricted Stock Units Direct	Class A Common Stock		—	—	715.00	715.00
Restricted Stock units Direct	Class A Common Stock		—	—	3.06K	3.06K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	5.76K	5.76K
Total					18.60K	18.60K

CIARFELLA MARK R — Insider Transaction (Form 4) Filed Dec 9, 2025 | Finecho