Kevin L. Beebe - May 3, 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 3, 2024
Transactions value $: -$179
Form type: 4
Date filed: 5/7/2024, 06:15 PM
Previous filing: May 3, 2024
Next filing: May 10, 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	+14.18%	$132.00	15.9K	May 3, 2024	Direct
transaction	SBAC	Class A Common Stock	Tax liability	-$261K	-1.35K	-8.46%	$193.87	14.6K	May 3, 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	-1.98K	-100%	$0.00^*	0	May 3, 2024	Class A Common Stock	1.98K	$132.00	Direct	F2
holding	SBAC	Stock Options (Right to Buy)						1.41K	May 3, 2024	Class A Common Stock	1.41K	$157.51	Direct	F2
holding	SBAC	Stock Options (Right to Buy)						1.5K	May 3, 2024	Class A Common Stock	1.5K	$212.31	Direct	F2
holding	SBAC	Restricted Stock Units						175	May 3, 2024	Class A Common Stock	175		Direct	F3, F4
holding	SBAC	Restricted Stock Units						496	May 3, 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.