Jeffrey Stoops - Nov 10, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Nov 10, 2023
Transactions value $
-$25,981,748
Form type
4
Date filed
11/14/2023, 05:00 PM
Previous filing
Mar 7, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$7.65M -35K -13.01% $218.46 234K Nov 10, 2023 Direct F1
transaction SBAC Class A Common Stock Sale -$6.64M -28.8K -12.3% $230.77 205K Nov 14, 2023 Direct F2
transaction SBAC Class A Common Stock Sale -$753K -3.25K -1.58% $232.00 202K Nov 14, 2023 Direct F3
transaction SBAC Class A Common Stock Sale -$10.9M -46.9K -23.24% $233.06 155K Nov 14, 2023 Direct F4
holding SBAC Class A Common Stock 83.7K Nov 10, 2023 By LLC F5
holding SBAC Class A Common Stock 260K Nov 10, 2023 By Limited Partnership F6

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
holding SBAC Stock Options (Right to Buy) 138K Nov 10, 2023 Class A Common Stock 138K $156.50 Direct F7
holding SBAC Stock Options (Right to Buy) 149K Nov 10, 2023 Class A Common Stock 149K $182.30 Direct F7
holding SBAC Restricted Stock Units 3.37K Nov 10, 2023 Class A Common Stock 3.37K Direct F8, F9
holding SBAC Performance Restricted Stock Units 10.1K Nov 10, 2023 Class A Common Stock 10.1K Direct F10, F11
holding SBAC Performance Restricted Stock Units 10.1K Nov 10, 2023 Class A Common Stock 10.1K Direct F10, F12
holding SBAC Restricted Stock Units 5.93K Nov 10, 2023 Class A Common Stock 5.93K Direct F8, F13
holding SBAC Performance Restricted Stock Units 8.89K Nov 10, 2023 Class A Common Stock 8.89K Direct F10, F14
holding SBAC Performance Restricted Stock Units 8.89K Nov 10, 2023 Class A Common Stock 8.89K Direct F10, F15
holding SBAC Restricted Stock Units 10.4K Nov 10, 2023 Class A Common Stock 10.4K Direct F8, F16
holding SBAC Performance Restricted Stock Units 10.4K Nov 10, 2023 Class A Common Stock 10.4K Direct F10, F17
holding SBAC Performance Restricted Stock Units 10.4K Nov 10, 2023 Class A Common Stock 10.4K Direct F10, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $218.23 to $219.00 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $230.50 to $231.49 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F3 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $231.51 to $232.44 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F4 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $232.54 to $233.54 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F5 These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
F6 These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F7 These options are fully vested and exercisable.
F8 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F10 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F11 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F12 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F13 These restricted stock units vest in accordance with the following schedule: 2,964 vest on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F14 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F15 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F16 These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
F17 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F18 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.