JACK LANGER - 04 Apr 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
04 Apr 2023
Net transactions value
-$100,229
Form type
4
Filing time
06 Apr 2023, 17:59:12 UTC
Previous filing
16 May 2022
Next filing
03 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $230,800 +2,308 +46% $100.00 7,345 04 Apr 2023 Direct
transaction SBAC Class A Common Stock Tax liability $331,029 -1,298 -18% $255.03 6,047 04 Apr 2023 Direct F1
holding SBAC Class A Common Stock 19,999 04 Apr 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 -2,308 -100% $0.000000* 0 04 Apr 2023 Class A Common Stock 2,308 $100.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1,977 04 Apr 2023 Class A Common Stock 1,977 $132.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1,411 04 Apr 2023 Class A Common Stock 1,411 $157.51 Direct F4
holding SBAC Stock Options (Right to Buy) 1,501 04 Apr 2023 Class A Common Stock 1,501 $212.31 Direct F4
holding SBAC Restricted Stock Units 190 04 Apr 2023 Class A Common Stock 190 Direct F5, F6
holding SBAC Restricted Stock Units 413 04 Apr 2023 Class A Common Stock 413 Direct F5, F7
holding SBAC Restricted Stock Units 525 04 Apr 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.