JACK LANGER - 19 Apr 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
19 Apr 2024
Net transactions value
-$41.4
Form type
4
Filing time
23 Apr 2024, 18:15:08 UTC
Previous filing
09 Feb 2024
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 Options Exercise $260,964 +1,977 +30% $132.00 8,619 19 Apr 2024 Direct F1
transaction SBAC Class A Common Stock Tax liability $261,005 -1,332 -15% $195.95 7,287 19 Apr 2024 Direct F2
holding SBAC Class A Common Stock 19,999 19 Apr 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
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -1,977 -100% $0.000000* 0 19 Apr 2024 Class A Common Stock 1,977 $132.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1,411 19 Apr 2024 Class A Common Stock 1,411 $157.51 Direct F4
holding SBAC Stock Options (Right to Buy) 1,501 19 Apr 2024 Class A Common Stock 1,501 $212.31 Direct F4
holding SBAC Restricted Stock Units 207 19 Apr 2024 Class A Common Stock 207 Direct F5
holding SBAC Restricted Stock Units 350 19 Apr 2024 Class A Common Stock 350 Direct F5, F6
holding SBAC Restricted Stock Units 743 19 Apr 2024 Class A Common Stock 743 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 68.568 shares acquired through a dividend reinvestment plan.
F2 Shares withheld to cover the exercise price.
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: 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.