Duncan Cocroft - Feb 27, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 27, 2023
Transactions value $
-$134,789
Form type
4
Date filed
3/1/2023, 05:03 PM
Previous filing
Aug 5, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $231K +2.31K +3.57% $100.00 66.9K Feb 27, 2023 Direct
transaction SBAC Class A Common Stock Tax liability -$366K -1.42K -2.12% $257.82 65.5K Feb 27, 2023 Direct 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 Stock Options (Right to Buy) Options Exercise $0 -2.31K -100% $0.00* 0 Feb 27, 2023 Class A Common Stock 2.31K $100.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.98K Feb 27, 2023 Class A Common Stock 1.98K $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.41K Feb 27, 2023 Class A Common Stock 1.41K $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1.5K Feb 27, 2023 Class A Common Stock 1.5K $212.31 Direct F2
holding SBAC Restricted Stock Units 190 Feb 27, 2023 Class A Common Stock 190 Direct F3, F4
holding SBAC Restricted Stock Units 413 Feb 27, 2023 Class A Common Stock 413 Direct F3, F5
holding SBAC Restricted Stock Units 525 Feb 27, 2023 Class A Common Stock 525 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover the exercise price and for payment of tax liability.
F2 These options are fully vested and 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: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023.
F5 These restricted stock units vest in accordance with the following schedule: 206 vest on May 1, 2022; 206 vest on May 1, 2023; and 207 vest on May 1, 2024.
F6 These restricted stock units vest in accordance with the following schedule: 175 vest on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.