Kevin L. Beebe - 14 Nov 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
14 Nov 2023
Net transactions value
-$350,744
Form type
4
Filing time
15 Nov 2023, 17:38:17 UTC
Previous filing
18 Aug 2023
Next filing
03 May 2024
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 Gift $0 -1,500 -9.2% $0.000000 14,813 14 Nov 2023 Direct F1
transaction SBAC Class A Common Stock Sale $350,744 -1,500 -10% $233.83 13,313 14 Nov 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
holding SBAC Stock Options (Right to Buy) 1,977 14 Nov 2023 Class A Common Stock 1,977 $132.00 Direct F3
holding SBAC Stock Options (Right to Buy) 1,411 14 Nov 2023 Class A Common Stock 1,411 $157.51 Direct F3
holding SBAC Stock Options (Right to Buy) 1,501 14 Nov 2023 Class A Common Stock 1,501 $212.31 Direct F3
holding SBAC Restricted Stock Units 207 14 Nov 2023 Class A Common Stock 207 Direct F4, F5
holding SBAC Restricted Stock Units 350 14 Nov 2023 Class A Common Stock 350 Direct F4, F6
holding SBAC Restricted Stock Units 743 14 Nov 2023 Class A Common Stock 743 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to a 501(c)(3) charitable fund in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $233.81 to $233.92 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 These options are fully vested and exercisable.
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: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.
F6 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.
F7 These restricted stock units vest in accordance with the following schedule: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.