Steven E. Bernstein - May 1, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, Chairman
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 05:15 PM
Previous filing
Mar 30, 2023
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +190 +1.97% 9.82K May 1, 2023 Direct F1
transaction SBAC Class A Common Stock Options Exercise +206 +2.1% 10K May 1, 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise +175 +1.75% 10.2K May 1, 2023 Direct F3
holding SBAC Class A Common Stock 102K May 1, 2023 See Footnote F4

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 Restricted Stock Units Options Exercise -190 -100% 0 May 1, 2023 Class A Common Stock 190 Direct F1, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -206 -49.88% 207 May 1, 2023 Class A Common Stock 206 Direct F2, F6, F8
transaction SBAC Restricted Stock Units Options Exercise -175 -33.33% 350 May 1, 2023 Class A Common Stock 175 Direct F3, F6, F9
holding SBAC Stock Options (Right to Buy) 1.98K May 1, 2023 Class A Common Stock 1.98K $132.00 Direct F5
holding SBAC Stock Options (Right to Buy) 1.41K May 1, 2023 Class A Common Stock 1.41K $157.51 Direct F5
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2023 Class A Common Stock 1.5K $212.31 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.