Bernstein Steven E - 01 May 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: 01 May 2024
Transactions value $: $0
Form type: 4
Filing time: 03 May 2024, 18:15:48 UTC
Previous filing: 01 May 2024
Next filing: 28 May 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		+207	+4.24%		5.09K	01 May 2024	Direct	F1
transaction	SBAC	Class A Common Stock	Options Exercise		+175	+3.44%		5.26K	01 May 2024	Direct	F2
transaction	SBAC	Class A Common Stock	Options Exercise		+247	+4.69%		5.51K	01 May 2024	Direct	F3
holding	SBAC	Class A Common Stock						56.3K	01 May 2024	See Footnote	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		-207	-100%		0	01 May 2024	Class A Common Stock	207		Direct	F1, F6, F7
transaction	SBAC	Restricted Stock Units	Options Exercise		-175	-50%		175	01 May 2024	Class A Common Stock	175		Direct	F2, F6, F8
transaction	SBAC	Restricted Share Units	Options Exercise		-247	-33.24%		496	01 May 2024	Class A Common Stock	247		Direct	F3, F6, F9
holding	SBAC	Stock Options (Right to Buy)						1.41K	01 May 2024	Class A Common Stock	1.41K	$157.51	Direct	F5
holding	SBAC	Stock Options (Right to Buy)						1.5K	01 May 2024	Class A Common Stock	1.5K	$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, 2024, 207 of the Reporting Person's restricted share units were settled for an equal number of Class A Common Stock.
F2	On May 1, 2024, 175 of the Reporting Person's restricted share units were settled for an equal number of Class A Common Stock.
F3	On May 1, 2024, 247 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4	These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
F5	These options are fully vested and immediately 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: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vested on May 1, 2024.
F8	These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vested on May 1, 2024; and 175 vest on May 1, 2025.
F9	These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.