Jeffrey Stoops - 01 May 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, CHAIRMAN
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
01 May 2025
Transactions value $
-$20,582
Form type
4
Filing time
05 May 2025, 18:30:18 UTC
Previous filing
10 Mar 2025
Next filing
28 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
STOOPS JEFFREY Director, CHAIRMAN C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Koenig, Attorney-in-Fact 05 May 2025 0001106860

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +302 +0.23% 130K 01 May 2025 Direct F1
transaction SBAC Class A Common Stock Tax liability -$20.6K -84.6 -0.07% $243.40 130K 01 May 2025 Direct F2
holding SBAC Class A Common Stock 260K 01 May 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 -302 -33.33% 604 01 May 2025 Class A Common Stock 302 Direct F1, F5, F10
holding SBAC Stock Options (Right to Buy) 149K 01 May 2025 Class A Common Stock 149K $182.30 Direct F4
holding SBAC Restricted Stock Units 3.47K 01 May 2025 Class A Common Stock 3.47K Direct F5, F6
holding SBAC Performance Restricted Stock Units 10.4K 01 May 2025 Class A Common Stock 10.4K Direct F7, F8
holding SBAC Performance Restricted Stock Units 10.4K 01 May 2025 Class A Common Stock 10.4K Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2025, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 Shares withheld for payment of tax liability.
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: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
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 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 period.
F9 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.
F10 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.