Jeffrey Stoops - 01 Aug 2024 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: Director, CHAIRMAN
Signature: /s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol: SBAC
Transactions as of: 01 Aug 2024
Net transactions value: -$11,048,103
Form type: 4
Filing time: 02 Aug 2024, 18:30:06 UTC
Previous filing: 28 May 2024
Next filing: 05 Dec 2024
SEC: View on sec.gov

Key filing fact

Jeffrey Stoops filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 02 Aug 2024.

Key facts

This page summarizes Jeffrey Stoops's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
2 reported transactions and 9 derivative rows are listed below.
Filing timestamp: 02 Aug 2024, 18:30.

Change

Previous filing in this sequence was filed on 28 May 2024.
Current net transaction value: -$11,048,103.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

SBAC transaction

Class A Common Stock

Sale

Transaction value: $10,632,842
Shares: -47,900
Change %: -30%
Price: $221.98
Shares after: 111,448
Date: 01 Aug 2024
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Sale

Transaction value: $415,261
Shares: -1,865
Change %: -1.7%
Price: $222.66
Shares after: 109,583
Date: 01 Aug 2024
Ownership: Direct
Footnotes: F2

SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 259,863
Date: 01 Aug 2024
Ownership: By Limited Partnership
Footnotes: F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 137,601
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 137,601
Exercise price: $156.50
Footnotes: F4

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 149,446
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 149,446
Exercise price: $182.30
Footnotes: F4

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,965
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,965
Exercise price
Footnotes: F5, F6

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,894
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,894
Exercise price
Footnotes: F7, F8

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,894
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,894
Exercise price
Footnotes: F7, F9

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,936
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,936
Exercise price
Footnotes: F5, F10

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,404
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,404
Exercise price
Footnotes: F7, F11

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,404
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,404
Exercise price
Footnotes: F7, F12

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 906
Date: 01 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 906
Exercise price
Footnotes: F5, F13

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

Explanation of Responses:

Id	Content
F1	Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $221.53 to $222.525 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2	Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $222.53 to $222.925 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F3	These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F4	These stock options are fully vested and exercisable.
F5	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F7	Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8	These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F9	These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F10	These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
F11	These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F12	These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F13	These restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.

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