Joshua Koenig - Mar 6, 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EXECUTIVE VP/GENERAL COUNSEL
Signature
/s/ Joshua Koenig
Stock symbol
SBAC
Transactions as of
Mar 6, 2025
Transactions value $
-$680,360
Form type
4
Date filed
3/10/2025, 06:30 PM
Previous filing
Mar 6, 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 +655 +9.37% $0.00 7.65K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$56.8K -258 -3.37% $220.38 7.39K Mar 6, 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise $0 +1.48K +20.03% $0.00 8.87K Mar 6, 2025 Direct
transaction SBAC Class A Common Stock Tax liability -$128K -582 -6.57% $220.38 8.29K Mar 6, 2025 Direct F1
transaction SBAC Class A Common Stock Sale -$495K -2.21K -26.65% $224.18 6.08K Mar 7, 2025 Direct 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 Restricted Stock Units Options Exercise $0 -655 -50% $0.00 655 Mar 6, 2025 Class A Common Stock 655 Direct F4, F5
transaction SBAC Restricted Stock Units Options Exercise $0 -1.48K -33.33% $0.00 2.96K Mar 6, 2025 Class A Common Stock 1.48K Direct F4, F9
transaction SBAC Restricted Stock Units Award $0 +5.76K $0.00 5.76K Mar 6, 2025 Class A Common Stock 5.76K Direct F4, F11
transaction SBAC Performance Restricted Stock Units Award $0 +5.76K $0.00 5.76K Mar 6, 2025 Class A Common Stock 5.76K Direct F6, F12
holding SBAC Stock Options (Right to Buy) 9.12K Mar 6, 2025 Class A Common Stock 9.12K $182.30 Direct F3
holding SBAC Performance Restricted Stock Units 1.97K Mar 6, 2025 Class A Common Stock 1.97K Direct F6, F7
holding SBAC Performance Restricted Stock Units 1.97K Mar 6, 2025 Class A Common Stock 1.97K Direct F6, F8
holding SBAC Performance Restricted Stock Units 4.44K Mar 6, 2025 Class A Common Stock 4.44K Direct F6, 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.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $224.08 to $224.30 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.
F3 These options are fully vested and immediately 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: 655 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 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.
F8 These performance 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.
F9 These restricted stock units vest in accordance with the following schedule: 1,480 vest on the first through third anniversaries of the grant date (March 6, 2024).
F10 These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F11 These restricted stock units vest in accordance with the following schedule: 1,920 vest on the first through third anniversaries of the grant date (March 6, 2025).
F12 These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.