Steven E. Bernstein - 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 $
$0
Form type
4
Date filed
5/3/2024, 06:15 PM
Previous filing
May 1, 2024
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 +4.24% 5.09K May 1, 2024 Direct F1
transaction SBAC Class A Common Stock Options Exercise +175 +3.44% 5.26K May 1, 2024 Direct F2
transaction SBAC Class A Common Stock Options Exercise +247 +4.69% 5.51K May 1, 2024 Direct F3
holding SBAC Class A Common Stock 56.3K May 1, 2024 See Footnote 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 Share 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) 1.41K May 1, 2024 Class A Common Stock 1.41K $157.51 Direct F5
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2024 Class A Common Stock 1.5K $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 share units were settled for an equal number of Class A Common Stock.
F2 On May 1, 2024, 175 of the Reporting Person's restricted share 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 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.
F5 These options are fully vested and immediately 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.