JACK LANGER - 18 Jan 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: Director
Signature: /s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol: SBAC
Transactions as of: 18 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 22 Jan 2024, 21:30:08 UTC
Previous filing: 30 May 2023
Next filing: 23 Apr 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	-52	-0.8%	$0.000000	6,463	18 Jan 2024	Direct	F1, F2
holding	SBAC	Class A Common Stock						19,999	18 Jan 2024	By Trust	F3

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	18 Jan 2024	Class A Common Stock	1,977	$132.00	Direct	F4
holding	SBAC	Stock Options (Right to Buy)						1,411	18 Jan 2024	Class A Common Stock	1,411	$157.51	Direct	F4
holding	SBAC	Stock Options (Right to Buy)						1,501	18 Jan 2024	Class A Common Stock	1,501	$212.31	Direct	F4
holding	SBAC	Restricted Stock Units						207	18 Jan 2024	Class A Common Stock	207		Direct	F5, F6
holding	SBAC	Restricted Stock Units						350	18 Jan 2024	Class A Common Stock	350		Direct	F5, F7
holding	SBAC	Restricted Stock Units						743	18 Jan 2024	Class A Common Stock	743		Direct	F5, F8

* 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) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F2	Includes 108.435 shares acquired through a dividend reinvestment plan.
F3	The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4	These options are fully vested and exercisable.
F5	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	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.
F7	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.
F8	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.