Kevin L. Beebe - 03 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
03 May 2024
Net transactions value
-$179
Form type
4
Filing time
07 May 2024, 18:15:10 UTC
Previous filing
03 May 2024
Next filing
10 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 +14% $132.00 15,919 03 May 2024 Direct
transaction SBAC Class A Common Stock Tax liability $261,143 -1,347 -8.5% $193.87 14,572 03 May 2024 Direct 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 -1,977 -100% $0.000000* 0 03 May 2024 Class A Common Stock 1,977 $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1,411 03 May 2024 Class A Common Stock 1,411 $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1,501 03 May 2024 Class A Common Stock 1,501 $212.31 Direct F2
holding SBAC Restricted Stock Units 175 03 May 2024 Class A Common Stock 175 Direct F3, F4
holding SBAC Restricted Stock Units 496 03 May 2024 Class A Common Stock 496 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover the exercise price.
F2 These stock options are fully vested and 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: 175 vested on May 1, 2023; 175 vested on May 1, 2024; and 175 vest on May 1, 2025.
F5 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.