Steven E. Bernstein - 01 May 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: Director, Chairman
Signature: /s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol: SBAC
Transactions as of: 01 May 2023
Net transaction value: $0
Form type: 4
Filing time: 03 May 2023, 17:15:03 UTC
Previous filing: 30 Mar 2023
Next filing: 30 May 2023
SEC filing: View on sec.gov

Key filing fact

Steven E. Bernstein filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 03 May 2023.

Key facts

This page summarizes Steven E. Bernstein's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
6 reported transactions and 6 derivative rows are listed below.
Filing timestamp: 03 May 2023, 17:15.

Change

Previous filing in this sequence was filed on 30 Mar 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +190
Change %: +2%
Price
Shares after: 9,822
Date: 01 May 2023
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +206
Change %: +2.1%
Price
Shares after: 10,028
Date: 01 May 2023
Ownership: Direct
Footnotes: F2

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +175
Change %: +1.7%
Price
Shares after: 10,203
Date: 01 May 2023
Ownership: Direct
Footnotes: F3

SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 102,390
Date: 01 May 2023
Ownership: See Footnote
Footnotes: F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -190
Change %: -100%
Price
Shares after: 0
Date: 01 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 190
Exercise price
Footnotes: F1, F6, F7

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -206
Change %: -50%
Price
Shares after: 207
Date: 01 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 206
Exercise price
Footnotes: F2, F6, F8

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -175
Change %: -33%
Price
Shares after: 350
Date: 01 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 175
Exercise price
Footnotes: F3, F6, F9

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,977
Date: 01 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,977
Exercise price: $132.00
Footnotes: F5

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,411
Date: 01 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,411
Exercise price: $157.51
Footnotes: F5

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,501
Date: 01 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,501
Exercise price: $212.31
Footnotes: F5

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	On May 1, 2023, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2	On May 1, 2023, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3	On May 1, 2023, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4	These shares are held by 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 therein.
F5	These options are fully vested and exercisable.
F6	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7	These restricted stock units vest in accordance with the following schedule: 190 vested on May 1, 2021; 190 vested on May 1, 2022; and 190 vested on May 1, 2023.
F8	These restricted stock units vest in accordance with the following schedule: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.
F9	These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.