Jeffrey Stoops - Mar 4, 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, CHAIRMAN
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2025
Transactions value $
-$1,793,484
Form type
4
Date filed
3/6/2025, 06:30 PM
Previous filing
Jan 30, 2025
Next filing
Mar 10, 2025
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 $0 +2.97K +2.58% $0.00 118K Mar 4, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$243K -1.1K -0.93% $221.51 117K Mar 4, 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +17.8K +15.23% $0.00 135K Mar 4, 2025 Direct F2
transaction SBAC Class A Common Stock Tax liability -$1.55M -7K -5.2% $221.51 128K Mar 4, 2025 Direct F1
holding SBAC Class A Common Stock 260K Mar 4, 2025 By Limited Partnership F3

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 $0 -2.97K -100% $0.00 0 Mar 4, 2025 Class A Common Stock 2.97K Direct F5, F6
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -8.89K -100% $0.00 0 Mar 4, 2025 Class A Common Stock 8.89K Direct F2, F7, F8
transaction SBAC Performance Restricted Stock Units Disposed to Issuer $0 -8.89K -100% $0.00 0 Mar 4, 2025 Class A Common Stock 8.89K Direct F7, F9, F10
holding SBAC Stock Options (Right to Buy) 149K Mar 4, 2025 Class A Common Stock 149K $182.30 Direct F4
holding SBAC Restricted Stock Units 6.94K Mar 4, 2025 Class A Common Stock 6.94K Direct F5, F11
holding SBAC Performance Restricted Stock Units 10.4K Mar 4, 2025 Class A Common Stock 10.4K Direct F7, F12
holding SBAC Performance Restricted Stock Units 10.4K Mar 4, 2025 Class A Common Stock 10.4K Direct F7, F13
holding SBAC Restricted Stock Units 906 Mar 4, 2025 Class A Common Stock 906 Direct F5, F14
* 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.
F2 These performance restricted stock units (PSUs) were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the results of the performance condition, such that 17,788 shares of Class A Common Stock vested.
F3 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.
F4 These stock options are fully vested and exercisable.
F5 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F7 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. 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 condition.
F9 The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
F10 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. 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 condition.
F11 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).
F12 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 condition.
F13 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 condition.
F14 These restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.