Jay LeCoryelle Johnson - May 1, 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
May 1, 2023
Transactions value $
-$16,893
Form type
4
Date filed
5/3/2023, 05:20 PM
Previous filing
Mar 21, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +175 175 May 1, 2023 Direct F1
transaction SBAC Class A Common Stock Tax liability -$16.9K -64.8 -37% $260.89 110 May 1, 2023 Direct F2

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 Award -175 -33.33% 350 May 1, 2023 Class A Common Stock 175 Direct F1, F4, F5
holding SBAC Stock Options (Right to Buy) 10K May 1, 2023 Class A Common Stock 10K $328.99 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2023, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 Shares withheld for tax liability.
F3 These options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (March 28, 2022).
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 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.