Mary S. Chan - 01 May 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: 01 May 2024
Net transactions value: -$43,316
Form type: 4
Filing time: 03 May 2024, 18:15:24 UTC
Previous filing: 29 Apr 2024
Next filing: 28 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		+207	+4.4%		4,895	01 May 2024	Direct	F1, F2
transaction	SBAC	Class A Common Stock	Options Exercise		+175	+3.6%		5,070	01 May 2024	Direct	F3
transaction	SBAC	Class A Common Stock	Options Exercise		+247	+4.9%		5,317	01 May 2024	Direct	F4
transaction	SBAC	Class A Common Stock	Tax liability	$43,316	-233	-4.3%	$186.12	5,131	01 May 2024	Direct	F5

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	Restricted Stock Units	Options Exercise		-207	-100%		0	01 May 2024	Class A Common Stock	207		Direct	F1, F7, F8
transaction	SBAC	Restricted Stock Units	Options Exercise		-175	-50%		175	01 May 2024	Class A Common Stock	175		Direct	F3, F7, F9
transaction	SBAC	Restricted Stock Units	Options Exercise		-247	-33%		496	01 May 2024	Class A Common Stock	247		Direct	F4, F7, F10
holding	SBAC	Stock Options (Right to Buy)						1,411	01 May 2024	Class A Common Stock	1,411	$157.51	Direct	F6
holding	SBAC	Stock Options (Right to Buy)						1,501	01 May 2024	Class A Common Stock	1,501	$212.31	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 1, 2024, 207 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2	Includes 66.146 shares acquired through a dividend reinvestment plan.
F3	On May 1, 2024, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4	On May 1, 2024, 247 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F5	Shares withheld for tax liability.
F6	These stock options are fully vested and exercisable.
F7	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8	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 vested on May 1, 2024.
F9	These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vested on May 1, 2024; and 175 vest on May 1, 2025.
F10	These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.