Mary S. Chan - 28 Feb 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
28 Feb 2025
Net transactions value
-$85,450
Form type
4
Filing time
04 Mar 2025, 18:30:05 UTC
Previous filing
06 Sep 2024
Next filing
05 May 2025
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 $222,247 +1,411 +27% $157.51 6,542 28 Feb 2025 Direct
transaction SBAC Class A Common Stock Sale $307,697 -1,411 -22% $218.07 5,131 28 Feb 2025 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 -1,411 -100% $0.000000 0 28 Feb 2025 Class A Common Stock 1,411 $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1,501 28 Feb 2025 Class A Common Stock 1,501 $212.31 Direct F2
holding SBAC Restricted Stock Units 175 28 Feb 2025 Class A Common Stock 175 Direct F3, F4
holding SBAC Restricted Stock Units 496 28 Feb 2025 Class A Common Stock 496 Direct F3, F5
holding SBAC Restricted Stock Units 906 28 Feb 2025 Class A Common Stock 906 Direct F3, F6
* 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 $217.98 to $218.11 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 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 vest on May 1, 2024; and 175 vest on May 1, 2025.
F5 These restricted stock units vest in accordance with the following schedule: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.
F6 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.