Laurie Bowen - 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 $
-$49,532
Form type
4
Date filed
5/5/2025, 06:58 PM
Previous filing
May 28, 2024
Next filing
May 28, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BOWEN LAURIE Director C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Koenig, Attorney-in-Fact 2025-05-05 0001978602

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +248 +156.4% 407 May 1, 2025 Direct F1, F2
transaction SBAC Class A Common Stock Options Exercise +302 +74.28% 709 May 1, 2025 Direct F3
transaction SBAC Class A Common Stock Tax liability -$49.5K -203 -28.72% $243.40 505 May 1, 2025 Direct F4

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 -248 -50% 248 May 1, 2025 Class A Common Stock 248 Direct F1, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -302 -33.33% 604 May 1, 2025 Class A Common Stock 302 Direct F3, F6, F8
holding SBAC Stock Options (Right to Buy) 10K May 1, 2025 Class A Common Stock 10K $224.24 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2025, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 Includes 2.96 shares acquired through a dividend reinvestment plan.
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 These options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (May 25, 2023).
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 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.
F8 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.