Steven E. Bernstein - 17 May 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: 17 May 2025
Net transactions value: -$39,502
Form type: 4
Filing time: 20 May 2025, 18:30:07 UTC
Previous filing: 05 May 2025
Next filing: 28 May 2025
SEC: View on sec.gov

Key filing fact

Steven E. Bernstein filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 20 May 2025.

Key facts

This page summarizes Steven E. Bernstein's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
3 reported transactions and 4 derivative rows are listed below.
Filing timestamp: 20 May 2025, 18:30.

Change

Previous filing in this sequence was filed on 05 May 2025.
Current net transaction value: -$39,502.

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 0001089833 Primary reporting owner

BERNSTEIN STEVEN E

Relationship: Director
Address: C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON
Signature: /s/ Joshua Koenig, Attorney-in-Fact
Signature date: 20 May 2025

Transactions Table

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value: $222,247
Shares: +1,411
Change %: +24%
Price: $157.51
Shares after: 7,377
Date: 17 May 2025
Ownership: Direct

SBAC transaction

Class A Common Stock

Tax liability

Transaction value: $261,749
Shares: -1,123
Change %: -15%
Price: $233.08
Shares after: 6,254
Date: 19 May 2025
Ownership: Direct
Footnotes: F1

SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 56,314
Date: 17 May 2025
Ownership: See Footnote
Footnotes: F2

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

SBAC transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -1,411
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 17 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,411
Exercise price: $157.51
Footnotes: F3

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,501
Date: 17 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,501
Exercise price: $212.31
Footnotes: F3

SBAC holding Derivative

Restricted Share Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 248
Date: 17 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 248
Exercise price
Footnotes: F4, F5

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 604
Date: 17 May 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 604
Exercise price
Footnotes: F4, F6

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

Explanation of Responses:

Id	Content
F1	Shares withheld to cover the exercise price and for payment of tax liability.
F2	These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
F3	These options are fully vested and immediately exercisable.
F4	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5	These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vest on May 1, 2026.
F6	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.