Steven E. Bernstein - Apr 29, 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Apr 29, 2024
Transactions value $
$260,964
Form type
4
Date filed
5/1/2024, 06:15 PM
Previous filing
Dec 7, 2023
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $261K +1.98K +68.1% $132.00 4.88K Apr 29, 2024 Direct
holding SBAC Class A Common Stock 56.3K Apr 29, 2024 See Footnote 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 -1.98K -100% $0.00* 0 Apr 29, 2024 Class A Common Stock 1.98K $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.41K Apr 29, 2024 Class A Common Stock 1.41K $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1.5K Apr 29, 2024 Class A Common Stock 1.5K $212.31 Direct F2
holding SBAC Restricted Stock Units 207 Apr 29, 2024 Class A Common Stock 207 Direct F3, F4
holding SBAC Restricted Stock Units 350 Apr 29, 2024 Class A Common Stock 350 Direct F3, F5
holding SBAC Restricted Stock Units 743 Apr 29, 2024 Class A Common Stock 743 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by the 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.
F2 These options are fully vested and immediately 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: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.
F5 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.
F6 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.