LAZARUS BRIAN D (SVP & 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 · 4 exercises

LAZARUS BRIAN D

Filed: 3/6/2024ACC: 0001415889-24-007143

InsiderLAZARUS BRIAN DCIK 1444362

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· SVP & Chief Accounting Officer

Since Dec 2018

-242.98

Net shares

Net seller

$388.9K

Total sold

Open market trades

0B · 0S

Total transactions

4.68K acquired · 4.93K disposed

Non-Derivative Transactions8

Class A Common Stock

Direct

M · Option Exercise

+542.00

Price / share

—

Trade value

—

% of position

7.5%

3/4/2024

7.21K→7.75K

Class A Common Stock

Direct

F · Tax Withholding

−213.28

Price / share

$208.29

Trade value

$44.42K

% of position

2.8%

3/4/2024

7.75K→7.54K

Class A Common Stock

Direct

M · Option Exercise

+3.25K

Price / share

—

Trade value

—

% of position

43.1%

3/4/2024

7.54K→10.79K

Class A Common Stock

Direct

F · Tax Withholding

−1.30K

Price / share

$208.29

Trade value

$271.18K

% of position

12.1%

3/4/2024

10.79K→9.49K

Class A Common Stock

Direct

M · Option Exercise

+406.00

Price / share

—

Trade value

—

% of position

4.3%

3/4/2024

9.49K→9.89K

Class A Common Stock

Direct

F · Tax Withholding

−159.76

Price / share

$208.29

Trade value

$33.28K

% of position

1.6%

3/4/2024

9.89K→9.73K

Class A Common Stock

Direct

M · Option Exercise

+488.00

Price / share

—

Trade value

—

% of position

5.0%

3/4/2024

9.73K→10.22K

Class A Common Stock

Direct

F · Tax Withholding

−192.03

Price / share

$208.29

Trade value

$40K

% of position

1.9%

3/4/2024

10.22K→10.03K

Total

Net shares

+2.82K

Net value

-$388.87K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/4/2024	M · Option Exercise	+542.00	—	—	7.5%	7.21K	7.75K
Class A Common Stock Direct	3/4/2024	F · Tax Withholding	−213.28	$208.29	$44.42K	2.8%	7.75K	7.54K
Class A Common Stock Direct	3/4/2024	M · Option Exercise	+3.25K	—	—	43.1%	7.54K	10.79K
Class A Common Stock Direct	3/4/2024	F · Tax Withholding	−1.30K	$208.29	$271.18K	12.1%	10.79K	9.49K
Class A Common Stock Direct	3/4/2024	M · Option Exercise	+406.00	—	—	4.3%	9.49K	9.89K
Class A Common Stock Direct	3/4/2024	F · Tax Withholding	−159.76	$208.29	$33.28K	1.6%	9.89K	9.73K
Class A Common Stock Direct	3/4/2024	M · Option Exercise	+488.00	—	—	5.0%	9.73K	10.22K
Class A Common Stock Direct	3/4/2024	F · Tax Withholding	−192.03	$208.29	$40K	1.9%	10.22K	10.03K
Total			+2.82K		-$388.87K

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

542.00 shares

−542.00

Strike price

Held after

0.00

Exercisable

—

3/4/2024

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

1.62K shares

−1.62K

Strike price

Held after

0.00

Exercisable

—

3/4/2024

Performance Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

406.00 shares

−406.00

Strike price

Held after

0.00

Exercisable

—

3/4/2024

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

488.00 shares

−488.00

Strike price

Held after

488.00

Exercisable

—

3/4/2024

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock542.00 shares	3/4/2024	M · Option Exercise	−542.00	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock1.62K shares	3/4/2024	M · Option Exercise	−1.62K	—	0.00
Performance Restricted Stock Units Direct	Class A Common Stock406.00 shares	3/4/2024	M · Option Exercise	−406.00	—	0.00
Restricted Stock Units Direct	Class A Common Stock488.00 shares	3/4/2024	M · Option Exercise	−488.00	—	488.00

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Indirect

Shares owned20.24K

Total

20.24K indirect20.24K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	20.24K	Indirect
Total	20.24K	20.24K indirect

Derivative Holdings (Post-Transaction)6

Stock Options (Right to Buy)

Direct

Underlying security

Class A Common Stock

Underlying shares

23.51K

Shares owned

23.51K

Exercise price

182.30

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.72K

Shares owned

1.72K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.46K

Shares owned

1.46K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.72K

Shares owned

1.72K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.72K

Shares owned

1.72K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.46K

Shares owned

1.46K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

31.59K

Owned

31.59K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options (Right to Buy) Direct	Class A Common Stock	182.30	—	—	23.51K	23.51K
Restricted Stock Units Direct	Class A Common Stock		—	—	1.72K	1.72K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.46K	1.46K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.72K	1.72K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.72K	1.72K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.46K	1.46K
Total					31.59K	31.59K