Bernstein Steven E - May 23, 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 23, 2025
Transactions value $
$0
Form type
4
Date filed
5/28/2025, 06:30 PM
Previous 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 2025-05-28 0001089833

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SBAC Class A Common Stock 6.25K May 23, 2025 Direct
holding SBAC Class A Common Stock 56.3K May 23, 2025 See Footnote F1

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 Award $0 +994 $0.00 994 May 23, 2025 Class A Common Stock 994 Direct F3, F6
holding SBAC Stock Options (Right to Buy) 1.5K May 23, 2025 Class A Common Stock 1.5K $212.31 Direct F2
holding SBAC Restricted Share Units 248 May 23, 2025 Class A Common Stock 248 Direct F3, F4
holding SBAC Restricted Stock Units 604 May 23, 2025 Class A Common Stock 604 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These options are fully vested and immediately exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 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.
F5 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.
F6 These restricted stock units vest in accordance with the following schedule: 331 vest on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1 2028.