George R. Krouse Jr - 01 May 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
01 May 2023
Transactions value $
-$52,139
Form type
4
Filing time
03 May 2023, 17:18:38 UTC
Previous filing
05 Aug 2022
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +190 +2.24% 8.69K 01 May 2023 Direct F1
transaction SBAC Class A Common Stock Options Exercise +206 +2.37% 8.9K 01 May 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise +175 +1.97% 9.07K 01 May 2023 Direct F3
transaction SBAC Class A Common Stock Tax liability -$52.1K -200 -2.2% $260.89 8.87K 01 May 2023 Direct F4

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 Restricted Stock Units Options Exercise -190 -100% 0 01 May 2023 Class A Common Stock 190 Direct F1, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -206 -49.88% 207 01 May 2023 Class A Common Stock 206 Direct F2, F6, F8
transaction SBAC Restricted Stock Units Options Exercise -175 -33.33% 350 01 May 2023 Class A Common Stock 175 Direct F3, F6, F9
holding SBAC Stock Options (Right to Buy) 501 01 May 2023 Class A Common Stock 501 $212.31 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2023, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 On May 1, 2023, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3 On May 1, 2023, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4 Shares withheld for tax liability.
F5 These options are fully vested and exercisable.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 These restricted stock units vest in accordance with the following schedule: 190 vested on May 1, 2021; 190 vested on May 1, 2022; and 190 vested on May 1, 2023.
F8 These restricted stock units vest in accordance with the following schedule: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.
F9 These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.