SBA COMMUNICATIONS CORP NEW

Ticker: SBAC CUSIP: 78410G104 Class: CL A

Employees Retirement System of Texas's Holding History (CIK: 0001398739)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,141 Value ($000) $0 Avg Close $192.67 Range $184.43 - $206.15

Q3 2025

Shares 340 Value ($000) $0 Avg Close $214.69 Range $185.78 - $240.62

Q2 2025

Shares 244,965 Value ($000) $58 Avg Close $225.89 Range $198.36 - $241.44

Q1 2025

Shares 249,549 Value ($000) $55 Avg Close $205.35 Range $188.66 - $223.35

Q4 2024

Shares 235,300 Value ($000) $48 Avg Close $220.13 Range $193.17 - $246.42

Q3 2024

Shares 268,300 Value ($000) $65 Avg Close $215.67 Range $181.64 - $241.36

Q2 2024

Shares 206,100 Value ($000) $40 Avg Close $191.51 Range $177.44 - $211.33

Q1 2024

Shares 158,000 Value ($000) $34 Avg Close $214.15 Range $189.41 - $246.16

Q4 2023

Shares 147,000 Value ($000) $37 Avg Close $215.61 Range $177.53 - $248.91

Q3 2023

Shares 9,000 Value ($000) $2 Avg Close $212.78 Range $184.86 - $234.61

Q2 2023

Shares 3,000 Value ($000) $1 Avg Close $227.82 Range $205.36 - $254.34

Q4 2020

Shares 5,066 Value ($000) $1,429 Avg Close $273.42 Range $253.58 - $300.24

Q3 2020

Shares 5,066 Value ($000) $1,613 Avg Close $284.22 Range $268.56 - $305.64

Q2 2020

Shares 5,066 Value ($000) $1,509 Avg Close $274.07 Range $233.98 - $300.20

Q1 2020

Shares 8,066 Value ($000) $2,178 Avg Close $244.52 Range $190.40 - $287.04

Q4 2019

Shares 8,066 Value ($000) $1,944 Avg Close $219.47 Range $208.12 - $232.03

Q3 2019

Shares 20,066 Value ($000) $4,839 Avg Close $228.64 Range $204.22 - $250.13

Q2 2019

Shares 12,000 Value ($000) $2,698 Avg Close $194.93 Range $179.11 - $218.50

Q1 2019

Shares 15,000 Value ($000) $2,995 Avg Close $167.45 Range $146.00 - $184.77

Q4 2018

Shares 15,000 Value ($000) $2,428 Avg Close $150.35 Range $134.98 - $160.89

Q3 2018

Shares 15,000 Value ($000) $2,409 Avg Close $147.24 Range $141.56 - $154.63

Q2 2018

Shares 21,000 Value ($000) $3,468 Avg Close $149.04 Range $139.70 - $160.58

Q1 2018

Shares 16,000 Value ($000) $2,735 Avg Close $153.09 Range $139.87 - $164.11

Q4 2017

Shares 16,000 Value ($000) $2,614 Avg Close $146.73 Range $131.45 - $160.69

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,141	$0	$192.67	$184.43 - $206.15
Q3 2025	340	$0	$214.69	$185.78 - $240.62
Q2 2025	244,965	$58	$225.89	$198.36 - $241.44
Q1 2025	249,549	$55	$205.35	$188.66 - $223.35
Q4 2024	235,300	$48	$220.13	$193.17 - $246.42
Q3 2024	268,300	$65	$215.67	$181.64 - $241.36
Q2 2024	206,100	$40	$191.51	$177.44 - $211.33
Q1 2024	158,000	$34	$214.15	$189.41 - $246.16
Q4 2023	147,000	$37	$215.61	$177.53 - $248.91
Q3 2023	9,000	$2	$212.78	$184.86 - $234.61
Q2 2023	3,000	$1	$227.82	$205.36 - $254.34
Q4 2020	5,066	$1,429	$273.42	$253.58 - $300.24
Q3 2020	5,066	$1,613	$284.22	$268.56 - $305.64
Q2 2020	5,066	$1,509	$274.07	$233.98 - $300.20
Q1 2020	8,066	$2,178	$244.52	$190.40 - $287.04
Q4 2019	8,066	$1,944	$219.47	$208.12 - $232.03
Q3 2019	20,066	$4,839	$228.64	$204.22 - $250.13
Q2 2019	12,000	$2,698	$194.93	$179.11 - $218.50
Q1 2019	15,000	$2,995	$167.45	$146.00 - $184.77
Q4 2018	15,000	$2,428	$150.35	$134.98 - $160.89
Q3 2018	15,000	$2,409	$147.24	$141.56 - $154.63
Q2 2018	21,000	$3,468	$149.04	$139.70 - $160.58
Q1 2018	16,000	$2,735	$153.09	$139.87 - $164.11
Q4 2017	16,000	$2,614	$146.73	$131.45 - $160.69