JEFFREY STOOPS - 20 Jan 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, CHAIRMAN
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
20 Jan 2026
Net transactions value
-$634,461
Form type
4
Filing time
22 Jan 2026, 18:30:08 UTC
Previous filing
17 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
STOOPS JEFFREY Director, CHAIRMAN C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Koenig, Attorney-in-Fact 22 Jan 2026 0001106860

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $27,244,006 +149,446 +124% $182.30 269,649 20 Jan 2026 Direct
transaction SBAC Class A Common Stock Tax liability $27,878,466 -143,622 -53% $194.11 126,027 20 Jan 2026 Direct F1
holding SBAC Class A Common Stock 259,863 20 Jan 2026 By Limited Partnership F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -149,446 -100% $0.000000 0 20 Jan 2026 Class A Common Stock 149,446 $182.30 Direct F3
holding SBAC Restricted Stock Units 3,468 20 Jan 2026 Class A Common Stock 3,468 Direct F4, F5
holding SBAC Performance Restricted Stock Units 10,404 20 Jan 2026 Class A Common Stock 10,404 Direct F6, F7
holding SBAC Performance Restricted Stock Units 10,404 20 Jan 2026 Class A Common Stock 10,404 Direct F6, F8
holding SBAC Restricted Stock Units 604 20 Jan 2026 Class A Common Stock 604 Direct F4, F9
holding SBAC Restricted Stock Units 994 20 Jan 2026 Class A Common Stock 994 Direct F4, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability and exercise price.
F2 These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F3 These stock options are fully vested and exercisable.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
F6 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance period.
F8 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance period.
F9 These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.
F10 These restricted stock units vest in accordance with the following schedule: 331 vest on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1, 2028.