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 · 4 exercises

DAY DONALD

Filed: 3/9/2026ACC: 0002031697-26-000004

InsiderDAY DONALDCIK 2031697

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - SITE LEASING

Since Mar 2026

+8.59K

Net shares

Net buyer

$277.1K

Total sold

Open market trades

0B · 0S

Total transactions

13.80K acquired · 5.21K disposed

Non-Derivative Transactions8

Class A Common Stock

Direct

M · Option Exercise

+270.00

Price / share

—

Trade value

—

% of position

3.7%

3/6/2026

7.33K→7.60K

Class A Common Stock

Direct

F · Tax Withholding

−100.84

Price / share

$195.69

Trade value

$19.73K

% of position

1.3%

3/6/2026

7.60K→7.50K

Class A Common Stock

Direct

M · Option Exercise

+1.62K

Price / share

—

Trade value

—

% of position

21.6%

3/6/2026

7.50K→9.12K

Class A Common Stock

Direct

F · Tax Withholding

−604.32

Price / share

$195.69

Trade value

$118.26K

% of position

6.6%

3/6/2026

9.12K→8.51K

Class A Common Stock

Direct

M · Option Exercise

+555.00

Price / share

—

Trade value

—

% of position

6.5%

3/6/2026

8.51K→9.07K

Class A Common Stock

Direct

F · Tax Withholding

−207.29

Price / share

$195.69

Trade value

$40.56K

% of position

2.3%

3/6/2026

9.07K→8.86K

Class A Common Stock

Direct

M · Option Exercise

+1.35K

Price / share

—

Trade value

—

% of position

15.2%

3/6/2026

8.86K→10.21K

Class A Common Stock

Direct

F · Tax Withholding

−503.48

Price / share

$195.69

Trade value

$98.53K

% of position

4.9%

3/6/2026

10.21K→9.71K

Total

Net shares

+2.38K

Net value

-$277.08K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+270.00	—	—	3.7%	7.33K	7.60K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−100.84	$195.69	$19.73K	1.3%	7.60K	7.50K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+1.62K	—	—	21.6%	7.50K	9.12K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−604.32	$195.69	$118.26K	6.6%	9.12K	8.51K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+555.00	—	—	6.5%	8.51K	9.07K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−207.29	$195.69	$40.56K	2.3%	9.07K	8.86K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+1.35K	—	—	15.2%	8.86K	10.21K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−503.48	$195.69	$98.53K	4.9%	10.21K	9.71K
Total			+2.38K		-$277.08K

Derivative Transactions7

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

5K shares

+5K

Strike price

Held after

Exercisable

—

3/5/2026

Performance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

5K shares

+5K

Strike price

Held after

Exercisable

—

3/5/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

270.00 shares

−270.00

Strike price

Held after

0.00

Exercisable

—

3/6/2026

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

809.00 shares

−809.00

Strike price

Held after

0.00

Exercisable

—

3/6/2026

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Class A Common Stock

809.00 shares

−809.00

Strike price

Held after

0.00

Exercisable

—

3/6/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

555.00 shares

−555.00

Strike price

Held after

555.00

Exercisable

—

3/6/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.35K shares

−1.35K

Strike price

Held after

2.70K

Exercisable

—

3/6/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock5K shares	3/5/2026	A · Award	+5K	—	5K
Performance Restricted Stock Units Direct	Class A Common Stock5K shares	3/5/2026	A · Award	+5K	—	5K
Restricted Stock Units Direct	Class A Common Stock270.00 shares	3/6/2026	M · Option Exercise	−270.00	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock809.00 shares	3/6/2026	M · Option Exercise	−809.00	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock809.00 shares	3/6/2026	D · Disposition	−809.00	—	0.00
Restricted Stock Units Direct	Class A Common Stock555.00 shares	3/6/2026	M · Option Exercise	−555.00	—	555.00
Restricted Stock Units Direct	Class A Common Stock1.35K shares	3/6/2026	M · Option Exercise	−1.35K	—	2.70K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

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

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

6.62K

Owned

6.62K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	1.67K	1.67K
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				6.62K	6.62K