MONTAGNER MARC (EVP - CHIEF FINANCIAL OFFICER) exercised options at SBA COMMUNICATIONS CORP

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

M · 2 exercises

MONTAGNER MARC

Filed: 3/9/2026ACC: 0001456823-26-000005

InsiderMONTAGNER MARCCIK 1456823

→

IssuerSBA COMMUNICATIONS CORPCIK 1034054

Officer· EVP - CHIEF FINANCIAL OFFICER

Since Mar 2026

+15.33K

Net shares

Net buyer

$351.1K

Total sold

Open market trades

0B · 0S

Total transactions

21.64K acquired · 6.32K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+2.07K

Price / share

—

Trade value

—

% of position

62.0%

3/6/2026

3.34K→5.41K

Class A Common Stock

Direct

F · Tax Withholding

−815.33

Price / share

$195.69

Trade value

$159.55K

% of position

15.1%

3/6/2026

5.41K→4.60K

Class A Common Stock

Direct

M · Option Exercise

+2.45K

Price / share

—

Trade value

—

% of position

53.3%

3/6/2026

4.60K→7.05K

Class A Common Stock

Direct

F · Tax Withholding

−978.79

Price / share

$195.69

Trade value

$191.54K

% of position

13.9%

3/6/2026

7.05K→6.07K

Total

Net shares

+2.73K

Net value

-$351.09K

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	+2.07K	—	—	62.0%	3.34K	5.41K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−815.33	$195.69	$159.55K	15.1%	5.41K	4.60K
Class A Common Stock Direct	3/6/2026	M · Option Exercise	+2.45K	—	—	53.3%	4.60K	7.05K
Class A Common Stock Direct	3/6/2026	F · Tax Withholding	−978.79	$195.69	$191.54K	13.9%	7.05K	6.07K
Total			+2.73K		-$351.09K

Derivative Transactions4

Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

8.56K shares

+8.56K

Strike price

Held after

8.56K

Exercisable

—

3/5/2026

Perfomance Restricted Stock Units

Direct

A · Award

Converts to

Class A Common Stock

8.56K shares

+8.56K

Strike price

Held after

8.56K

Exercisable

—

3/5/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

2.07K shares

−2.07K

Strike price

Held after

2.07K

Exercisable

—

3/6/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

2.45K shares

−2.45K

Strike price

Held after

4.90K

Exercisable

—

3/6/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock8.56K shares	3/5/2026	A · Award	+8.56K	—	8.56K
Perfomance Restricted Stock Units Direct	Class A Common Stock8.56K shares	3/5/2026	A · Award	+8.56K	—	8.56K
Restricted Stock Units Direct	Class A Common Stock2.07K shares	3/6/2026	M · Option Exercise	−2.07K	—	2.07K
Restricted Stock Units Direct	Class A Common Stock2.45K shares	3/6/2026	M · Option Exercise	−2.45K	—	4.90K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

7.35K

Shares owned

7.35K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

1.59K

Shares owned

1.59K

Exercise price

Expiration

—

Exercise window

—

Performance Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

6.21K

Shares owned

6.21K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

15.16K

Owned

15.16K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	7.35K	7.35K
Restricted Stock Units Direct	Class A Common Stock	—	—	1.59K	1.59K
Performance Restricted Stock Units Direct	Class A Common Stock	—	—	6.21K	6.21K
Total				15.16K	15.16K