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 · 1 exercise

DAY DONALD

Filed: 8/4/2025ACC: 0001415889-25-020982

InsiderDAY DONALDCIK 2031697

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - SITE LEASING

Since Mar 2026

-179.44

Net shares

Net seller

$40.3K

Total sold

Open market trades

0B · 0S

Total transactions

456.00 acquired · 635.44 disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+456.00

Price / share

—

Trade value

—

% of position

6.8%

8/1/2025

6.68K→7.14K

Class A Common Stock

Direct

F · Tax Withholding

−179.44

Price / share

$224.72

Trade value

$40.32K

% of position

2.5%

8/1/2025

7.14K→6.96K

Total

Net shares

+276.56

Net value

-$40.32K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	8/1/2025	M · Option Exercise	+456.00	—	—	6.8%	6.68K	7.14K
Class A Common Stock Direct	8/1/2025	F · Tax Withholding	−179.44	$224.72	$40.32K	2.5%	7.14K	6.96K
Total			+276.56		-$40.32K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

456.00 shares

−456.00

Strike price

Held after

914.00

Exercisable

—

8/1/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock456.00 shares	8/1/2025	M · Option Exercise	−456.00		—	914.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)8

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.11K

Shares owned

1.11K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

270.00

Shares owned

270.00

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.04K

Shares owned

4.04K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.04K

Shares owned

4.04K

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

—

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

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

809.00

Shares owned

809.00

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

18.49K

Owned

18.49K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock		—	—	1.11K	1.11K
Restricted Stock Units Direct	Class A Common Stock		—	—	270.00	270.00
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	4.04K	4.04K
Restricted Stock Units Direct	Class A Common Stock		—	—	4.04K	4.04K
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
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.67K	1.67K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	809.00	809.00
Total					18.49K	18.49K