KOENIG JOSHUA (EXECUTIVE VP/GENERAL COUNSEL) exercised options at SBA COMMUNICATIONS CORP

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

M · 1 exercise

KOENIG JOSHUA

Filed: 1/24/2025ACC: 0001415889-25-002066

InsiderKOENIG JOSHUACIK 1957644

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EXECUTIVE VP/GENERAL COUNSEL

Since Mar 2026

-2.31K

Net shares

Net seller

$471.0K

Total sold

Open market trades

0B · 0S

Total transactions

2.72K acquired · 5.03K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+2.72K

Price / share

$156.50

Trade value

$426.31K

% of position

48.1%

1/22/2025

5.66K→8.38K

Class A Common Stock

Direct

F · Tax Withholding

−2.31K

Price / share

$204.36

Trade value

$471.05K

% of position

27.5%

1/22/2025

8.38K→6.08K

Total

Net shares

+419.00

Net value

-$44.74K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	1/22/2025	M · Option Exercise	+2.72K	$156.50	$426.31K	48.1%	5.66K	8.38K
Class A Common Stock Direct	1/22/2025	F · Tax Withholding	−2.31K	$204.36	$471.05K	27.5%	8.38K	6.08K
Total			+419.00		-$44.74K

Derivative Transactions1

Stock Options (Right to Buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

2.72K shares

−2.72K

Strike price

156.5

Held after

0.00

Exercisable

—

1/22/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options (Right to Buy) Direct	Class A Common Stock2.72K shares	1/22/2025	M · Option Exercise	−2.72K	156.5	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)9

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.44K

Shares owned

4.44K

Exercise price

Expiration

—

Exercise window

—

Stock Options (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

9.12K

Shares owned

9.12K

Exercise price

182.3

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

646.00

Shares owned

646.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.31K

Shares owned

1.31K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.97K

Shares owned

1.97K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

216.00

Shares owned

216.00

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.97K

Shares owned

1.97K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.44K

Shares owned

4.44K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

646.00

Shares owned

646.00

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

24.75K

Owned

24.75K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	4.44K	4.44K
Stock Options (Right to Buy) Direct	Class A Common Stock	182.3	—	—	9.12K	9.12K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	646.00	646.00
Restricted Stock Units Direct	Class A Common Stock		—	—	1.31K	1.31K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.97K	1.97K
Restricted Stock Units Direct	Class A Common Stock		—	—	216.00	216.00
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.97K	1.97K
Restricted Stock Units Direct	Class A Common Stock		—	—	4.44K	4.44K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	646.00	646.00
Total					24.75K	24.75K