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 · 4 exercises

KOENIG JOSHUA

Filed: 3/9/2026ACC: 0001957644-26-000005

InsiderKOENIG JOSHUACIK 1957644

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EXECUTIVE VP/GENERAL COUNSEL

Since Mar 2026

+10.29K

Net shares

Net buyer

$614.9K

Total sold

Open market trades

0B · 0S

Total transactions

21.42K acquired · 11.13K disposed

Non-Derivative Transactions8

Class A Common Stock

Direct

M · Option Exercise

+655.00

Price / share

—

Trade value

—

% of position

11.1%

3/6/2026

5.88K→6.54K

Class A Common Stock

Direct

F · Tax Withholding

−257.74

Price / share

$195.69

Trade value

$50.44K

% of position

3.9%

3/6/2026

6.54K→6.28K

Class A Common Stock

Direct

M · Option Exercise

+3.93K

Price / share

—

Trade value

—

% of position

62.6%

3/6/2026

6.28K→10.21K

Class A Common Stock

Direct

F · Tax Withholding

−1.55K

Price / share

$195.69

Trade value

$302.63K

% of position

15.1%

3/6/2026

10.21K→8.66K

Class A Common Stock

Direct

M · Option Exercise

+1.48K

Price / share

—

Trade value

—

% of position

17.1%

3/6/2026

8.66K→10.14K

Class A Common Stock

Direct

F · Tax Withholding

−582.38

Price / share

$195.69

Trade value

$113.97K

% of position

5.7%

3/6/2026

10.14K→9.56K

Class A Common Stock

Direct

M · Option Exercise

+1.92K

Price / share

—

Trade value

—

% of position

20.1%

3/6/2026

9.56K→11.48K

Class A Common Stock

Direct

F · Tax Withholding

−755.52

Price / share

$195.69

Trade value

$147.85K

% of position

6.6%

3/6/2026

11.48K→10.73K

Total

Net shares

+4.84K

Net value

-$614.88K

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	+655.00	—	—	11.1%	5.88K	6.54K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−257.74	$195.69	$50.44K	3.9%	6.54K	6.28K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+3.93K	—	—	62.6%	6.28K	10.21K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−1.55K	$195.69	$302.63K	15.1%	10.21K	8.66K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+1.48K	—	—	17.1%	8.66K	10.14K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−582.38	$195.69	$113.97K	5.7%	10.14K	9.56K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+1.92K	—	—	20.1%	9.56K	11.48K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−755.52	$195.69	$147.85K	6.6%	11.48K	10.73K
Total			+4.84K		-$614.88K

Derivative Transactions7

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

6.72K shares

+6.72K

Strike price

Held after

6.72K

Exercisable

—

3/5/2026

Performance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

6.72K shares

+6.72K

Strike price

Held after

6.72K

Exercisable

—

3/5/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

655.00 shares

−655.00

Strike price

Held after

0.00

Exercisable

—

3/6/2026

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.97K shares

−1.97K

Strike price

Held after

0.00

Exercisable

—

3/6/2026

Performance Restricted Stock Units

Direct

D · Disposition

Converts to

Class A Common Stock

1.97K shares

−1.97K

Strike price

Held after

0.00

Exercisable

—

3/6/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.48K shares

−1.48K

Strike price

Held after

1.48K

Exercisable

—

3/6/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.92K shares

−1.92K

Strike price

Held after

3.84K

Exercisable

—

3/6/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock6.72K shares	3/5/2026	A · Award	+6.72K	—	6.72K
Performance Restricted Stock Units Direct	Class A Common Stock6.72K shares	3/5/2026	A · Award	+6.72K	—	6.72K
Restricted Stock Units Direct	Class A Common Stock655.00 shares	3/6/2026	M · Option Exercise	−655.00	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock1.97K shares	3/6/2026	M · Option Exercise	−1.97K	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock1.97K shares	3/6/2026	D · Disposition	−1.97K	—	0.00
Restricted Stock Units Direct	Class A Common Stock1.48K shares	3/6/2026	M · Option Exercise	−1.48K	—	1.48K
Restricted Stock Units Direct	Class A Common Stock1.92K shares	3/6/2026	M · Option Exercise	−1.92K	—	3.84K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

5.76K

Shares owned

5.76K

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

10.20K

Owned

10.20K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	5.76K	5.76K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	4.44K	4.44K
Total				10.20K	10.20K