Joshua Koenig - Jan 1, 2023 Form 3 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: Executive VP/General Counsel
Signature: /s/ Joshua Koenig
Stock symbol: SBAC
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 1/11/2023, 04:22 PM
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SBAC	Class A Common Stock						4.76K	Jan 1, 2023	Direct

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
holding	SBAC	Stock Options (Right to Buy)							Jan 1, 2023	Class A Common Stock	2.72K	$156.50	Direct	F1
holding	SBAC	Stock Options (Right to Buy)							Jan 1, 2023	Class A Common Stock	9.12K	$182.30	Direct	F2
holding	SBAC	Restricted Stock Units							Jan 1, 2023	Class A Common Stock	212		Direct	F3, F4
holding	SBAC	Restricted Stock Units							Jan 1, 2023	Class A Common Stock	215		Direct	F4, F5
holding	SBAC	Performance Restricted Stock Units							Jan 1, 2023	Class A Common Stock	643		Direct	F6, F7
holding	SBAC	Performance Restricted Stock Units							Jan 1, 2023	Class A Common Stock	643		Direct	F7, F8
holding	SBAC	Restricted Stock Units							Jan 1, 2023	Class A Common Stock	458		Direct	F4, F9
holding	SBAC	Performance Restricted Stock Units							Jan 1, 2023	Class A Common Stock	687		Direct	F7, F10
holding	SBAC	Performance Restricted Stock Units							Jan 1, 2023	Class A Common Stock	687		Direct	F7, F11
holding	SBAC	Restricted Stock Units							Jan 1, 2023	Class A Common Stock	646		Direct	F4, F12
holding	SBAC	Performance Restricted Stock Units							Jan 1, 2023	Class A Common Stock	646		Direct	F7, F13
holding	SBAC	Performance Restricted Stock Units							Jan 1, 2023	Class A Common Stock	646		Direct	F7, F14

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These options are immediately exercisable.
F2	These options vest in accordance with the following schedule: 2,280 vest on each of the first through third anniversaries of the grant date and 2,281 vest on the fourth anniversary of the grant date (March 6, 2019).
F3	These restricted stock units vest in accordance with the following schedule: 212 vest on the first through fourth anniversaries of the grant date (March 6, 2019).
F4	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5	These restricted stock units vest in accordance with the following schedule: 214 vest on the first and second anniversaries of the grant date and 215 vest on the third anniversary of the grant date (February 25, 2020).
F6	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
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 will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F9	These restricted stock units vest in accordance with the following schedule: 229 vest on the first through third anniversaries of the grant date (March 4, 2021).
F10	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F11	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F12	These restricted stock units vest in accordance with the following schedule: 215 vest on the first and second anniversaries of the grant date and 216 vest on the third anniversary of the grant date (March 4, 2022).
F13	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F14	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.