KREDI SAUL (VP & Chief Accounting Officer) exercised options at SBA COMMUNICATIONS CORP

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

M · 1 exercise

KREDI SAUL

Filed: 1/22/2026ACC: 0002047753-26-000002

InsiderKREDI SAULCIK 2047753

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· VP & Chief Accounting Officer

Since Mar 2026

-5.87K

Net shares

Net seller

$1.14M

Total sold

Open market trades

0B · 0S

Total transactions

6.08K acquired · 11.95K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+6.08K

Price / share

$182.30

Trade value

$1.11M

% of position

104.1%

1/20/2026

5.84K→11.92K

Class A Common Stock

Direct

F · Tax Withholding

−5.87K

Price / share

$194.11

Trade value

$1.14M

% of position

49.3%

1/20/2026

11.92K→6.05K

Total

Net shares

+207.00

Net value

-$31.62K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	1/20/2026	M · Option Exercise	+6.08K	$182.30	$1.11M	104.1%	5.84K	11.92K
Class A Common Stock Direct	1/20/2026	F · Tax Withholding	−5.87K	$194.11	$1.14M	49.3%	11.92K	6.05K
Total			+207.00		-$31.62K

Derivative Transactions1

Stock Options (Right to Buy)

Direct

M · Option Exercise

Converts to

Class A Common Stock

6.08K shares

−6.08K

Strike price

182.30

Held after

0.00

Exercisable

—

1/20/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options (Right to Buy) Direct	Class A Common Stock6.08K shares	1/20/2026	M · Option Exercise	−6.08K	182.30	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)5

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

439.00

Shares owned

439.00

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

439.00

Shares owned

439.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.45K

Shares owned

2.45K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

147.00

Shares owned

147.00

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.17K

Shares owned

1.17K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

4.65K

Owned

4.65K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	439.00	439.00
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	439.00	439.00
Restricted Stock Units Direct	Class A Common Stock	—	—	2.45K	2.45K
Restricted Stock Units Direct	Class A Common Stock	—	—	147.00	147.00
Restricted Stock Units Direct	Class A Common Stock	—	—	1.17K	1.17K
Total				4.65K	4.65K