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 · 1 exercise

LAZARUS BRIAN D

Filed: 3/8/2024ACC: 0001415889-24-007431

InsiderLAZARUS BRIAN DCIK 1444362

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· SVP & Chief Accounting Officer

Since Dec 2018

+6.54K

Net shares

Net buyer

$48.7K

Total sold

Open market trades

0B · 0S

Total transactions

7.34K acquired · 797.08 disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+572.00

Price / share

—

Trade value

—

% of position

2.7%

3/6/2024

20.90K→21.48K

Class A Common Stock

Direct

F · Tax Withholding

−225.08

Price / share

$216.50

Trade value

$48.73K

% of position

1.0%

3/6/2024

21.48K→21.25K

Total

Net shares

+346.92

Net value

-$48.73K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	3/6/2024	M · Option Exercise	+572.00	—	—	2.7%	20.90K	21.48K
Class A Common Stock Direct	3/6/2024	F · Tax Withholding	−225.08	$216.50	$48.73K	1.0%	21.48K	21.25K
Total			+346.92		-$48.73K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

572.00 shares

−572.00

Strike price

Held after

1.15K

Exercisable

—

3/6/2024

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

3.38K shares

+3.38K

Strike price

Held after

3.38K

Exercisable

—

3/6/2024

Performance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

3.38K shares

+3.38K

Strike price

Held after

3.38K

Exercisable

—

3/6/2024

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock572.00 shares	3/6/2024	M · Option Exercise	−572.00	—	1.15K
Restricted Stock Units Direct	Class A Common Stock3.38K shares	3/6/2024	A · Award	+3.38K	—	3.38K
Performance Restricted Stock Units Direct	Class A Common Stock3.38K shares	3/6/2024	A · Award	+3.38K	—	3.38K

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Indirect

Shares owned9.37K

Total

9.37K indirect9.37K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	9.37K	Indirect
Total	9.37K	9.37K indirect

Derivative Holdings (Post-Transaction)6

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

—

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

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.46K

Shares owned

1.46K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

488.00

Shares owned

488.00

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

30.36K

Owned

30.36K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
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
Stock Options (Right to Buy) Direct	Class A Common Stock	182.30	—	—	23.51K	23.51K
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.46K	1.46K
Restricted Stock Units Direct	Class A Common Stock		—	—	488.00	488.00
Performance Restricted Stock Units Direct	Class A Common Stock		—	—	1.46K	1.46K
Total					30.36K	30.36K