Mary S. Chan - 05 Mar 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
05 Mar 2024
Net transactions value
-$170,002
Form type
4
Filing time
08 Mar 2024, 18:30:13 UTC
Previous filing
27 Oct 2023
Next filing
29 Apr 2024
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 $260,964 +1,977 +43% $132.00 6,599 05 Mar 2024 Direct
transaction SBAC Class A Common Stock Sale $430,966 -1,977 -30% $217.99 4,622 05 Mar 2024 Direct F1

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 -1,977 -100% $0.000000* 0 05 Mar 2024 Class A Common Stock 1,977 $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1,411 05 Mar 2024 Class A Common Stock 1,411 $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1,501 05 Mar 2024 Class A Common Stock 1,501 $212.31 Direct F2
holding SBAC Restricted Stock Units 207 05 Mar 2024 Class A Common Stock 207 Direct F3, F4
holding SBAC Restricted Stock Units 350 05 Mar 2024 Class A Common Stock 350 Direct F3, F5
holding SBAC Restricted Stock Units 743 05 Mar 2024 Class A Common Stock 743 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $217.97 to $218.00 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These stock options are fully vested and exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 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.
F5 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.
F6 These restricted stock units vest in accordance with the following schedule: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.