DAY DONALD (EVP - SITE LEASING) exercised options at SBA COMMUNICATIONS CORP

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

M · 3 exercises

DAY DONALD

Filed: 3/6/2025ACC: 0001415889-25-007296

InsiderDAY DONALDCIK 2031697

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - SITE LEASING

Since Mar 2026

+42.43

Net shares

Net buyer

$145.2K

Total sold

Open market trades

0B · 0S

Total transactions

1.80K acquired · 1.76K disposed

Non-Derivative Transactions6

Class A Common Stock

Direct

M · Option Exercise

+233.00

Price / share

—

Trade value

—

% of position

4.7%

3/4/2025

5.01K→5.24K

Class A Common Stock

Direct

F · Tax Withholding

−84.69

Price / share

$221.51

Trade value

$18.76K

% of position

1.6%

3/4/2025

5.24K→5.15K

Class A Common Stock

Direct

M · Option Exercise

+1.40K

Price / share

—

Trade value

—

% of position

27.1%

3/4/2025

5.15K→6.55K

Class A Common Stock

Direct

F · Tax Withholding

−507.45

Price / share

$221.51

Trade value

$112.40K

% of position

7.7%

3/4/2025

6.55K→6.04K

Class A Common Stock

Direct

M · Option Exercise

+174.50

Price / share

—

Trade value

—

% of position

2.9%

3/4/2025

6.04K→6.22K

Class A Common Stock

Direct

F · Tax Withholding

−63.43

Price / share

$221.51

Trade value

$14.05K

% of position

1.0%

3/4/2025

6.22K→6.15K

Total

Net shares

+1.15K

Net value

-$145.22K

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	+233.00	—	—	4.7%	5.01K	5.24K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−84.69	$221.51	$18.76K	1.6%	5.24K	5.15K
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+1.40K	—	—	27.1%	5.15K	6.55K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−507.45	$221.51	$112.40K	7.7%	6.55K	6.04K
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+174.50	—	—	2.9%	6.04K	6.22K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−63.43	$221.51	$14.05K	1.0%	6.22K	6.15K
Total			+1.15K		-$145.22K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

233.00 shares

−233.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

698.00 shares

−698.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

174.50 shares

−174.50

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Security	Converts To	Date	Type	Shares	Exercisable
Restricted Stock Units Direct	Class A Common Stock233.00 shares	3/4/2025	M · Option Exercise	−233.00	—
Performance Restricted Stock Units Direct	Class A Common Stock698.00 shares	3/4/2025	M · Option Exercise	−698.00	—
Performance Restricted Stock Units Direct	Class A Common Stock174.50 shares	3/4/2025	M · Option Exercise	−174.50	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)7

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

809.00

Shares owned

809.00

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

809.00

Shares owned

809.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.67K

Shares owned

1.67K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

540.00

Shares owned

540.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.37K

Shares owned

1.37K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.67K

Shares owned

1.67K

Exercise price

Expiration

—

Exercise window

—

Stock Options (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

5.74K

Shares owned

5.74K

Exercise price

182.30

Expiration

—

Exercise window

—

Total

Underlying

12.60K

Owned

12.60K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	809.00	809.00
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	809.00	809.00
Restricted Stock Units Direct	Class A Common Stock		—	—	1.67K	1.67K
Restricted Stock Units Direct	Class A Common Stock		—	—	540.00	540.00
Restricted Stock Units Direct	Class A Common Stock		—	—	1.37K	1.37K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.67K	1.67K
Stock Options (Right to Buy) Direct	Class A Common Stock	182.30	—	—	5.74K	5.74K
Total					12.60K	12.60K