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: 2/20/2026ACC: 0002031697-26-000002

InsiderDAY DONALDCIK 2031697

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - SITE LEASING

Since Mar 2026

-5.37K

Net shares

Net seller

$1.09M

Total sold

Open market trades

0B · 0S

Total transactions

5.74K acquired · 11.11K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+5.74K

Price / share

$182.30

Trade value

$1.05M

% of position

82.5%

2/18/2026

6.96K→12.70K

Class A Common Stock

Direct

F · Tax Withholding

−5.37K

Price / share

$203.12

Trade value

$1.09M

% of position

42.3%

2/18/2026

12.70K→7.33K

Total

Net shares

+372.00

Net value

-$43.93K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	2/18/2026	M · Option Exercise	+5.74K	$182.30	$1.05M	82.5%	6.96K	12.70K
Class A Common Stock Direct	2/18/2026	F · Tax Withholding	−5.37K	$203.12	$1.09M	42.3%	12.70K	7.33K
Total			+372.00		-$43.93K

Derivative Transactions1

Stock Options (Right to Buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

5.74K shares

−5.74K

Strike price

182.30

Held after

0.00

Exercisable

—

2/18/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options (Right to Buy) Direct	Class A Common Stock5.74K shares	2/18/2026	M · Option Exercise	−5.74K	182.30	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)8

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

270.00

Shares owned

270.00

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

1.11K

Shares owned

1.11K

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

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.04K

Shares owned

4.04K

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

914.00

Shares owned

914.00

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

13.67K

Owned

13.67K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	809.00	809.00
Restricted Stock Units Direct	Class A Common Stock	—	—	270.00	270.00
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	809.00	809.00
Restricted Stock Units Direct	Class A Common Stock	—	—	1.11K	1.11K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	1.67K	1.67K
Restricted Stock Units Direct	Class A Common Stock	—	—	4.04K	4.04K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	4.04K	4.04K
Restricted Stock Units Direct	Class A Common Stock	—	—	914.00	914.00
Total				13.67K	13.67K