JACK LANGER - 23 Apr 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
23 Apr 2025
Net transactions value
-$36,712
Form type
4
Filing time
25 Apr 2025, 18:30:05 UTC
Previous filing
28 May 2024
Next filing
05 May 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 $222,247 +1,411 +19% $157.51 8,830 23 Apr 2025 Direct
transaction SBAC Class A Common Stock Tax liability $258,959 -1,119 -13% $231.42 7,711 23 Apr 2025 Direct F1
holding SBAC Class A Common Stock 15,522 23 Apr 2025 By Trust F2, 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 Stock Options (Right to Buy) Options Exercise $0 -1,411 -100% $0.000000 0 23 Apr 2025 Class A Common Stock 1,411 $157.51 Direct F4
holding SBAC Stock Options (Right to Buy) 1,501 23 Apr 2025 Class A Common Stock 1,501 $212.31 Direct F4
holding SBAC Restricted Stock Units 175 23 Apr 2025 Class A Common Stock 175 Direct F5, F6
holding SBAC Restricted Stock Units 496 23 Apr 2025 Class A Common Stock 496 Direct F5, F7
holding SBAC Restricted Stock Units 906 23 Apr 2025 Class A Common Stock 906 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover the exercise price.
F2 Includes 288.537 shares acquired through a dividend reinvestment plan.
F3 The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4 These 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: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.
F7 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.
F8 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.