Steven E. Bernstein - Dec 5, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, Chairman
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Dec 5, 2023
Transactions value $
-$13,376,977
Form type
4
Date filed
12/7/2023, 06:30 PM
Previous filing
Jul 11, 2023
Next filing
May 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$1.85M -7.3K -71.55% $253.89 2.9K Dec 6, 2023 Direct F1, F2
transaction SBAC Class A Common Stock Sale -$11.5M -46K -44.91% $250.10 56.4K Dec 5, 2023 See Footnote F3, F4
transaction SBAC Class A Common Stock Sale -$23.3K -93 -0.16% $250.59 56.3K Dec 5, 2023 See Footnote F4

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) 1.98K Dec 5, 2023 Class A Common Stock 1.98K $132.00 Direct F5
holding SBAC Stock Options (Right to Buy) 1.41K Dec 5, 2023 Class A Common Stock 1.41K $157.51 Direct F5
holding SBAC Stock Options (Right to Buy) 1.5K Dec 5, 2023 Class A Common Stock 1.5K $212.31 Direct F5
holding SBAC Restricted Stock Units 207 Dec 5, 2023 Class A Common Stock 207 Direct F6, F7
holding SBAC Restricted Stock Units 350 Dec 5, 2023 Class A Common Stock 350 Direct F6, F8
holding SBAC Restricted Stock Units 743 Dec 5, 2023 Class A Common Stock 743 Direct F6, F9
* 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 $253.39 to $254.25 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 Includes .002 shares acquired through a dividend reinvestment plan.
F3 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $249.55 to $250.52 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 These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F5 These options are fully vested and exercisable.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 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.
F8 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.
F9 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.