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 · 2 exercises

KOENIG JOSHUA

Filed: 3/6/2025ACC: 0001415889-25-007297

InsiderKOENIG JOSHUACIK 1957644

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EXECUTIVE VP/GENERAL COUNSEL

Since Mar 2026

-593.40

Net shares

Net seller

$131.4K

Total sold

Open market trades

0B · 0S

Total transactions

1.51K acquired · 2.10K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+216.00

Price / share

—

Trade value

—

% of position

3.6%

3/4/2025

6.08K→6.29K

Class A Common Stock

Direct

F · Tax Withholding

−85.00

Price / share

$221.51

Trade value

$18.83K

% of position

1.4%

3/4/2025

6.29K→6.21K

Class A Common Stock

Direct

M · Option Exercise

+1.29K

Price / share

—

Trade value

—

% of position

20.8%

3/4/2025

6.21K→7.50K

Class A Common Stock

Direct

F · Tax Withholding

−508.40

Price / share

$221.51

Trade value

$112.62K

% of position

6.8%

3/4/2025

7.50K→6.99K

Total

Net shares

+914.60

Net value

-$131.44K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+216.00	—	—	3.6%	6.08K	6.29K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−85.00	$221.51	$18.83K	1.4%	6.29K	6.21K
Class A Common Stock Direct	3/4/2025	M · Option Exercise	+1.29K	—	—	20.8%	6.21K	7.50K
Class A Common Stock Direct	3/4/2025	F · Tax Withholding	−508.40	$221.51	$112.62K	6.8%	7.50K	6.99K
Total			+914.60		-$131.44K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

216.00 shares

−216.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

646.00 shares

−646.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Class A Common Stock

646.00 shares

−646.00

Strike price

Held after

0.00

Exercisable

—

3/4/2025

Security	Converts To	Date	Type	Shares	Exercisable
Restricted Stock Units Direct	Class A Common Stock216.00 shares	3/4/2025	M · Option Exercise	−216.00	—
Performance Restricted Stock Units Direct	Class A Common Stock646.00 shares	3/4/2025	M · Option Exercise	−646.00	—
Performance Restricted Stock Units Direct	Class A Common Stock646.00 shares	3/4/2025	D · Disposition	−646.00	—

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

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

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

1.97K

Shares owned

1.97K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

4.44K

Shares owned

4.44K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

23.24K

Owned

23.24K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
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		—	—	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		—	—	1.97K	1.97K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	4.44K	4.44K
Total					23.24K	23.24K