KOENIG JOSHUA (EXECUTIVE VP/GENERAL COUNSEL) sold 26.7% of their position (2.21K shares) of SBA COMMUNICATIONS CORP on the open market

Open‑market sale worth $495.2K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

KOENIG JOSHUA

Filed: 3/10/2025ACC: 0001415889-25-007587

InsiderKOENIG JOSHUACIK 1957644

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EXECUTIVE VP/GENERAL COUNSEL

Since Mar 2026

+8.47K

Net shares

Net buyer

$680.4K

Total sold

Open market trades

0B · 1S

Total transactions

13.65K acquired · 5.18K disposed

Non-Derivative Transactions5

Class A Common Stock

Direct

M · Option Exercise

+655.00

Price / share

—

Trade value

—

% of position

9.4%

3/6/2025

6.99K→7.65K

Class A Common Stock

Direct

F · Tax Withholding

−257.74

Price / share

$220.38

Trade value

$56.80K

% of position

3.4%

3/6/2025

7.65K→7.39K

Class A Common Stock

Direct

M · Option Exercise

+1.48K

Price / share

—

Trade value

—

% of position

20.0%

3/6/2025

7.39K→8.87K

Class A Common Stock

Direct

F · Tax Withholding

−582.38

Price / share

$220.38

Trade value

$128.34K

% of position

6.6%

3/6/2025

8.87K→8.29K

Class A Common Stock

Direct

S · Sale

−2.21K

Price / share

$224.18

Trade value

$495.21K

% of position

26.7%

3/7/2025

8.29K→6.08K

Total

Net shares

−914.12

Net value

-$680.36K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/6/2025	M · Option Exercise	+655.00	—	—	9.4%	6.99K	7.65K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−257.74	$220.38	$56.80K	3.4%	7.65K	7.39K
Class A Common Stock Direct	3/6/2025	M · Option Exercise	+1.48K	—	—	20.0%	7.39K	8.87K
Class A Common Stock Direct	3/6/2025	F · Tax Withholding	−582.38	$220.38	$128.34K	6.6%	8.87K	8.29K
Class A Common Stock Direct	3/7/2025	S · Sale	−2.21K	$224.18	$495.21K	26.7%	8.29K	6.08K
Total			−914.12		-$680.36K

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

655.00 shares

−655.00

Strike price

Held after

655.00

Exercisable

—

3/6/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.48K shares

−1.48K

Strike price

Held after

2.96K

Exercisable

—

3/6/2025

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

5.76K shares

+5.76K

Strike price

Held after

5.76K

Exercisable

—

3/6/2025

Performance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

5.76K shares

+5.76K

Strike price

Held after

5.76K

Exercisable

—

3/6/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock655.00 shares	3/6/2025	M · Option Exercise	−655.00	—	655.00
Restricted Stock Units Direct	Class A Common Stock1.48K shares	3/6/2025	M · Option Exercise	−1.48K	—	2.96K
Restricted Stock Units Direct	Class A Common Stock5.76K shares	3/6/2025	A · Award	+5.76K	—	5.76K
Performance Restricted Stock Units Direct	Class A Common Stock5.76K shares	3/6/2025	A · Award	+5.76K	—	5.76K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

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

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.97K

Shares owned

1.97K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

17.49K

Owned

17.49K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
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
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.97K	1.97K
Total					17.49K	17.49K