SAUL KREDI - 04 Mar 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
VP & Chief Accounting Officer
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
04 Mar 2025
Net transactions value
-$83,960
Form type
4
Filing time
06 Mar 2025, 18:30:06 UTC
Previous filing
10 Jan 2025
Next filing
10 Mar 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 $0 +130 +2.7% $0.000000 4,891 04 Mar 2025 Direct F1
transaction SBAC Class A Common Stock Tax liability $10,755 -49 -0.99% $221.51 4,843 04 Mar 2025 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +776 +16% $0.000000 5,619 04 Mar 2025 Direct F3
transaction SBAC Class A Common Stock Tax liability $65,179 -294 -5.2% $221.51 5,325 04 Mar 2025 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +97 +1.8% $0.000000 5,422 04 Mar 2025 Direct F4
transaction SBAC Class A Common Stock Tax liability $8,025 -36 -0.67% $221.51 5,385 04 Mar 2025 Direct F2

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 $0 -130 -100% $0.000000 0 04 Mar 2025 Class A Common Stock 130 Direct F6, F7
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -388 -100% $0.000000 0 04 Mar 2025 Class A Common Stock 388 Direct F8, F9
transaction SBAC Performance Restricted Stock Units Options Exercise $0 -97 -100% $0.000000 0 04 Mar 2025 Class A Common Stock 97 Direct F4, F8, F10
holding SBAC Stock Options (Right to Buy) 6,080 04 Mar 2025 Class A Common Stock 6,080 $182.30 Direct F5
holding SBAC Restricted Stock Units 293 04 Mar 2025 Class A Common Stock 293 Direct F6, F11
holding SBAC Performance Restricted Stock Units 439 04 Mar 2025 Class A Common Stock 439 Direct F8, F12
holding SBAC Performance Restricted Stock Units 439 04 Mar 2025 Class A Common Stock 439 Direct F8, F13
holding SBAC Restricted Stock Units 1,754 04 Mar 2025 Class A Common Stock 1,754 Direct F6, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes an aggregate of 0.009 shares acquired pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F2 Shares withheld for payment of tax liability.
F3 These performance restricted stock units (PSUs) were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the results of the performance condition, such that 776 shares of Class A Common Stock vested.
F4 These PSUs were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. On March 4, 2025, these PSUs partially vested based on the results of the performance condition and resulted in 97 shares of Class A Common Stock being issued.
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 on March 4, 2025.
F8 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F10 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F11 These restricted stock units vest in accordance with the following schedule: 146 vest on the first and second anniversaries of the grant date and 147 vest on the third anniversary of the grant date (March 6, 2023).
F12 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F13 These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F14 These restricted stock units vest in accordance with the following schedule: 584 vest on the first anniversary of the grant date and 585 on the second through third anniversaries of the grant date (March 6, 2024).