Jeffrey Stoops - 04 Mar 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Mar 2025, 18:30:23 UTC
Prior SEC filing
30 Jan 2025
Next SEC filing
10 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joshua Koenig, Attorney-in-Fact

Key filing fact

Jeffrey Stoops filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 06 Mar 2025.

Key facts

  • This page summarizes Jeffrey Stoops's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 7 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 06 Mar 2025, 18:30.

Change

  • Previous filing in this sequence was filed on 30 Jan 2025.
  • Current net transaction value: -$1,793,484.

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.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+2,965
Change %
+2.6%
Price
$0.000000
Shares after
117,870
Date
04 Mar 2025
Ownership
Direct
SBAC transaction

Class A Common Stock

Tax liability

Transaction value
$243,008
Shares
-1,097
Change %
-0.93%
Price
$221.51
Shares after
116,773
Date
04 Mar 2025
Ownership
Direct
Footnotes
F1
SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+17,788
Change %
+15%
Price
$0.000000
Shares after
134,561
Date
04 Mar 2025
Ownership
Direct
Footnotes
F2
SBAC transaction

Class A Common Stock

Tax liability

Transaction value
$1,550,477
Shares
-7,000
Change %
-5.2%
Price
$221.51
Shares after
127,561
Date
04 Mar 2025
Ownership
Direct
Footnotes
F1
SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
259,863
Date
04 Mar 2025
Ownership
By Limited Partnership
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,965
Change %
-100%
Price
$0.000000
Shares after
0
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,965
Exercise price
Footnotes
F5, F6
SBAC transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-8,894
Change %
-100%
Price
$0.000000
Shares after
0
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
8,894
Exercise price
Footnotes
F2, F7, F8
SBAC transaction Derivative

Performance Restricted Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-8,894
Change %
-100%
Price
$0.000000
Shares after
0
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
8,894
Exercise price
Footnotes
F7, F9, F10
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
149,446
Date
04 Mar 2025
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
6,936
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
6,936
Exercise price
Footnotes
F5, F11
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,404
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
10,404
Exercise price
Footnotes
F7, F12
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,404
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
10,404
Exercise price
Footnotes
F7, F13
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
906
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
906
Exercise price
Footnotes
F5, F14
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 14 footnotes

Footnote F1

Shares withheld for payment of tax liability.

Footnote F2

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 17,788 shares of Class A Common Stock vested.

Footnote 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.

Footnote F4

These stock options are fully vested and exercisable.

Footnote F5

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote 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).

Footnote F7

Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote F8

These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.

Footnote F9

The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.

Footnote F10

These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.

Footnote F11

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).

Footnote 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 or decrease based on the results of the performance condition.

Footnote 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 or decrease based on the results of the performance condition.

Footnote F14

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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