Bernstein Steven E - 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 $
-$65,292
Form type
4
Date filed
5/5/2025, 06:30 PM
Previous filing
May 28, 2024
Next filing
May 20, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BERNSTEIN STEVEN E Director C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Koenig, Attorney-in-Fact 2025-05-05 0001089833

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +175 +3.18% 5.68K May 1, 2025 Direct F1
transaction SBAC Class A Common Stock Options Exercise +248 +4.36% 5.93K May 1, 2025 Direct F2
transaction SBAC Class A Common Stock Options Exercise +302 +5.09% 6.23K May 1, 2025 Direct F3
transaction SBAC Class A Common Stock Tax liability -$65.3K -268 -4.3% $243.40 5.97K May 1, 2025 Direct F4
holding SBAC Class A Common Stock 56.3K May 1, 2025 See Footnote F5

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, F7, F8
transaction SBAC Restricted Share Units Options Exercise -248 -50% 248 May 1, 2025 Class A Common Stock 248 Direct F2, F7, F9
transaction SBAC Restricted Stock Units Options Exercise -302 -33.33% 604 May 1, 2025 Class A Common Stock 302 Direct F3, F7, F10
holding SBAC Stock Options (Right to Buy) 1.41K May 1, 2025 Class A Common Stock 1.41K $157.51 Direct F6
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2025 Class A Common Stock 1.5K $212.31 Direct F6
* 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 share 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 the payment of tax liability.
F5 These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
F6 These options are fully vested and immediately exercisable.
F7 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 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.
F9 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.
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.