Jeffrey Stoops - 01 May 2025 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 May 2025
Net transactions value: -$20,582
Form type: 4
Filing time: 05 May 2025, 18:30:18 UTC
Previous filing: 10 Mar 2025
Next filing: 28 May 2025
SEC: View on sec.gov

Key filing fact

Jeffrey Stoops filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 05 May 2025.

Key facts

This page summarizes Jeffrey Stoops's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
3 reported transactions and 5 derivative rows are listed below.
Filing timestamp: 05 May 2025, 18:30.

Change

Previous filing in this sequence was filed on 10 Mar 2025.
Current net transaction value: -$20,582.

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

Reporting Owners (1)

CIK 0001106860 Primary reporting owner

STOOPS JEFFREY

Relationship: Director, CHAIRMAN
Address: C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON
Signature: /s/ Joshua Koenig, Attorney-in-Fact
Signature date: 05 May 2025

Transactions Table

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +302
Change %: +0.23%
Price
Shares after: 130,048
Date: 01 May 2025
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Tax liability

Transaction value: $20,582
Shares: -85
Change %: -0.07%
Price: $243.40
Shares after: 129,964
Date: 01 May 2025
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 May 2025
Ownership: By Limited Partnership
Footnotes: F3

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

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -302
Change %: -33%
Price
Shares after: 604
Date: 01 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 302
Exercise price
Footnotes: F1, F5, F10

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 149,446
Date: 01 May 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: 3,468
Date: 01 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,468
Exercise price
Footnotes: F5, F6

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,404
Date: 01 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,404
Exercise price
Footnotes: F7, F8

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,404
Date: 01 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 10,404
Exercise price
Footnotes: F7, F9

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

Explanation of Responses:

Id	Content
F1	On May 1, 2025, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2	Shares withheld for payment of tax liability.
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: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
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 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 period.
F9	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.
F10	These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.