Jack Langer - May 1, 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
May 1, 2025
Transactions value $
-$1,268,224
Form type
4
Date filed
5/5/2025, 06:30 PM
Previous filing
Apr 25, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LANGER JACK Director C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Koenig, Attorney-in-Fact 2025-05-05 0001253093

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +175 +2.27% 7.89K May 1, 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise +248 +3.14% 8.13K May 1, 2025 Direct F2
transaction SBAC Class A Common Stock Options Exercise +302 +3.71% 8.44K May 1, 2025 Direct F3
transaction SBAC Class A Common Stock Tax liability -$65.3K -268 -3.18% $243.40 8.17K May 1, 2025 Direct F4
transaction SBAC Class A Common Stock Sale -$841K -3.5K -22.55% $240.17 12K May 1, 2025 By Trust F5
transaction SBAC Class A Common Stock Sale -$328K -1.36K -11.3% $241.50 10.7K May 1, 2025 By Trust F6
transaction SBAC Class A Common Stock Sale -$34.1K -141 -1.32% $242.12 10.5K May 1, 2025 By Trust F7

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 -175 -100% 0 May 1, 2025 Class A Common Stock 175 Direct F1, F9, F10
transaction SBAC Restricted Stock Units Options Exercise -248 -50% 248 May 1, 2025 Class A Common Stock 248 Direct F2, F9, F11
transaction SBAC Restricted Stock Units Options Exercise -302 -33.33% 604 May 1, 2025 Class A Common Stock 302 Direct F3, F9, F12
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2025 Class A Common Stock 1.5K $212.31 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2025, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 On May 1, 2025, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3 On May 1, 2025, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4 Shares withheld for tax liability.
F5 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $240.01 to $240.51 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.
F6 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $241.06 to $241.94 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.
F7 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $242.11 to $242.14 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.
F8 These options are fully vested and exercisable.
F9 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 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 vested on May 1, 2025.
F11 These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vest on May 1, 2026.
F12 These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.