Joshua Koenig - Nov 27, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Executive VP/General Counsel
Signature
/s/ Joshua Koenig
Stock symbol
SBAC
Transactions as of
Nov 27, 2023
Transactions value $
-$304,088
Form type
4
Date filed
11/29/2023, 05:00 PM
Previous filing
Mar 7, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$304K -1.28K -19.75% $238.50 5.18K Nov 27, 2023 Direct

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) 2.72K Nov 27, 2023 Class A Common Stock 2.72K $156.50 Direct F1
holding SBAC Stock Options (Right to Buy) 9.12K Nov 27, 2023 Class A Common Stock 9.12K $182.30 Direct F1
holding SBAC Restricted Stock Units 229 Nov 27, 2023 Class A Common Stock 229 Direct F2, F3
holding SBAC Performance Restricted Stock Units 687 Nov 27, 2023 Class A Common Stock 687 Direct F4, F5
holding SBAC Performance Restricted Stock Units 687 Nov 27, 2023 Class A Common Stock 687 Direct F4, F6
holding SBAC Restricted Stock Units 431 Nov 27, 2023 Class A Common Stock 431 Direct F2, F7
holding SBAC Performance Restricted Stock Units 646 Nov 27, 2023 Class A Common Stock 646 Direct F4, F8
holding SBAC Performance Restricted Stock Units 646 Nov 27, 2023 Class A Common Stock 646 Direct F4, F9
holding SBAC Restricted Stock Units 1.97K Nov 27, 2023 Class A Common Stock 1.97K Direct F2, F10
holding SBAC Performance Restricted Stock Units 1.97K Nov 27, 2023 Class A Common Stock 1.97K Direct F4, F11
holding SBAC Performance Restricted Stock Units 1.97K Nov 27, 2023 Class A Common Stock 1.97K Direct F4, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options are immediately exercisable.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 These restricted stock units vest in accordance with the following schedule: 229 vest on the first through third anniversaries of the grant date (March 4, 2021).
F4 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 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.
F6 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.
F7 These restricted stock units vest in accordance with the following schedule: 215 vest on the first and second anniversaries of the grant date and 216 vest on the third anniversary of the grant date (March 4, 2022).
F8 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.
F9 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.
F10 These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6, 2023).
F11 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.
F12 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.