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 · 2 exercises

DAY DONALD

Filed: 3/10/2025ACC: 0001415889-25-007582

InsiderDAY DONALDCIK 2031697

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - SITE LEASING

Since Mar 2026

+7.79K

Net shares

Net buyer

$66.1K

Total sold

Open market trades

0B · 0S

Total transactions

8.91K acquired · 1.12K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+270.00

Price / share

—

Trade value

—

% of position

4.4%

3/6/2025

6.15K→6.42K

Class A Common Stock

Direct

F · Tax Withholding

−98.14

Price / share

$220.38

Trade value

$21.63K

% of position

1.5%

3/6/2025

6.42K→6.33K

Class A Common Stock

Direct

M · Option Exercise

+555.00

Price / share

—

Trade value

—

% of position

8.8%

3/6/2025

6.33K→6.88K

Class A Common Stock

Direct

F · Tax Withholding

−201.74

Price / share

$220.38

Trade value

$44.46K

% of position

2.9%

3/6/2025

6.88K→6.68K

Total

Net shares

+525.11

Net value

-$66.09K

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	+270.00	—	—	4.4%	6.15K	6.42K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−98.14	$220.38	$21.63K	1.5%	6.42K	6.33K
Class A Common Stock Direct	3/6/2025	M · Option Exercise	+555.00	—	—	8.8%	6.33K	6.88K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−201.74	$220.38	$44.46K	2.9%	6.88K	6.68K
Total			+525.11		-$66.09K

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

270.00 shares

−270.00

Strike price

Held after

270.00

Exercisable

—

3/6/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

555.00 shares

−555.00

Strike price

Held after

1.11K

Exercisable

—

3/6/2025

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

4.04K shares

+4.04K

Strike price

Held after

4.04K

Exercisable

—

3/6/2025

Performance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

4.04K shares

+4.04K

Strike price

Held after

4.04K

Exercisable

—

3/6/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock270.00 shares	3/6/2025	M · Option Exercise	−270.00	—	270.00
Restricted Stock Units Direct	Class A Common Stock555.00 shares	3/6/2025	M · Option Exercise	−555.00	—	1.11K
Restricted Stock Units Direct	Class A Common Stock4.04K shares	3/6/2025	A · Award	+4.04K	—	4.04K
Performance Restricted Stock Units Direct	Class A Common Stock4.04K shares	3/6/2025	A · Award	+4.04K	—	4.04K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)5

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

—

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

1.37K

Shares owned

1.37K

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

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.67K

Shares owned

1.67K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

10.39K

Owned

10.39K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options (Right to Buy) Direct	Class A Common Stock	182.30	—	—	5.74K	5.74K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	809.00	809.00
Restricted Stock Units Direct	Class A Common Stock		—	—	1.37K	1.37K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	809.00	809.00
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.67K	1.67K
Total					10.39K	10.39K