Jack Langer - Apr 4, 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: Apr 4, 2023
Transactions value $: -$100,229
Form type: 4
Date filed: 4/6/2023, 05:59 PM
Previous filing: May 16, 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	+45.82%	$100.00	7.34K	Apr 4, 2023	Direct
transaction	SBAC	Class A Common Stock	Tax liability	-$331K	-1.3K	-17.67%	$255.03	6.05K	Apr 4, 2023	Direct	F1
holding	SBAC	Class A Common Stock						20K	Apr 4, 2023	By Trust	F2, F3

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	Apr 4, 2023	Class A Common Stock	2.31K	$100.00	Direct	F4
holding	SBAC	Stock Options (Right to Buy)						1.98K	Apr 4, 2023	Class A Common Stock	1.98K	$132.00	Direct	F4
holding	SBAC	Stock Options (Right to Buy)						1.41K	Apr 4, 2023	Class A Common Stock	1.41K	$157.51	Direct	F4
holding	SBAC	Stock Options (Right to Buy)						1.5K	Apr 4, 2023	Class A Common Stock	1.5K	$212.31	Direct	F4
holding	SBAC	Restricted Stock Units						190	Apr 4, 2023	Class A Common Stock	190		Direct	F5, F6
holding	SBAC	Restricted Stock Units						413	Apr 4, 2023	Class A Common Stock	413		Direct	F5, F7
holding	SBAC	Restricted Stock Units						525	Apr 4, 2023	Class A Common Stock	525		Direct	F5, F8

* 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	Includes 152.446 shares acquired through a dividend reinvestment plan.
F3	The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4	These options are fully vested and exercisable.
F5	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	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.
F7	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.
F8	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.