George R. Krouse Jr - May 1, 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
May 1, 2024
Transactions value $
-$40,974
Form type
4
Date filed
5/3/2024, 06:15 PM
Previous filing
Nov 24, 2023
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +207 +2.59% 8.21K May 1, 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise +175 +2.13% 8.38K May 1, 2024 Direct F2
transaction SBAC Class A Common Stock Options Exercise +247 +2.95% 8.63K May 1, 2024 Direct F3
transaction SBAC Class A Common Stock Tax liability -$41K -220 -2.55% $186.12 8.41K May 1, 2024 Direct 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
transaction SBAC Restricted Stock Units Options Exercise -207 -100% 0 May 1, 2024 Class A Common Stock 207 Direct F1, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -175 -50% 175 May 1, 2024 Class A Common Stock 175 Direct F2, F6, F8
transaction SBAC Restricted Stock Units Options Exercise -247 -33.24% 496 May 1, 2024 Class A Common Stock 247 Direct F3, F6, F9
holding SBAC Stock Options (Right to Buy) 501 May 1, 2024 Class A Common Stock 501 $212.31 Direct F5
* 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 On May 1, 2024, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3 On May 1, 2024, 247 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4 Shares withheld for tax liability.
F5 These stock 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 vested on May 1, 2024.
F8 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.
F9 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.