Mark R. Ciarfella - Nov 29, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Nov 29, 2023
Transactions value $
-$313,731
Form type
4
Date filed
12/1/2023, 06:30 PM
Previous filing
Nov 14, 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 Options Exercise $912K +5K +17.24% $182.30 34K Nov 29, 2023 Direct
transaction SBAC Class A Common Stock Sale -$1.23M -5K -14.7% $245.05 29K Nov 29, 2023 Direct F1

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 Stock Options (Right to Buy) Options Exercise $0 -5K -58.51% $0.00 3.55K Nov 29, 2023 Class A Common Stock 5K $182.30 Direct F2
holding SBAC Restricted Stock Units 677 Nov 29, 2023 Class A Common Stock 677 Direct F3, F4
holding SBAC Performance Restricted Stock Units 2.03K Nov 29, 2023 Class A Common Stock 2.03K Direct F5, F6
holding SBAC Performance Restricted Stock Units 2.03K Nov 29, 2023 Class A Common Stock 2.03K Direct F5, F7
holding SBAC Restricted Stock Units 1.22K Nov 29, 2023 Class A Common Stock 1.22K Direct F3, F8
holding SBAC Performance Restricted Stock Units 1.83K Nov 29, 2023 Class A Common Stock 1.83K Direct F5, F9
holding SBAC Performance Restricted Stock Units 1.83K Nov 29, 2023 Class A Common Stock 1.83K Direct F5, F10
holding SBAC Restricted Stock Units 2.14K Nov 29, 2023 Class A Common Stock 2.14K Direct F3, F11
holding SBAC Performance Restricted Stock Units 2.14K Nov 29, 2023 Class A Common Stock 2.14K Direct F5, F12
holding SBAC Performance Restricted Stock Units 2.14K Nov 29, 2023 Class A Common Stock 2.14K Direct F5, F13
* 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 transactions ranged from $245.00 to $245.23 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 These options are fully vested and exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F5 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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 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.
F8 These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022).
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 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.
F11 These restricted stock units vest in accordance with the following schedule: 714 vest on the first anniversary of the grant date and 715 vest on second and third anniversaries of the grant date (March 6, 2023).
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.
F13 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.