Steven E. Bernstein - 17 May 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Reporting relationship: Director
Issuer ticker: SBAC
Reported as of: 17 May 2025
Net transaction value: -$39,502
SEC form: 4
Accepted by SEC: 20 May 2025, 18:30:07 UTC
Prior SEC filing: 05 May 2025
Next SEC filing: 28 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Joshua Koenig, Attorney-in-Fact

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.
Accepted by SEC: 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.

View source 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

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: $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

Reported derivative securities

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

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

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Shares withheld to cover the exercise price and for payment of tax liability.

Footnote 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.

Footnote F3

These options are fully vested and immediately exercisable.

Footnote F4

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

Footnote 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.

Footnote 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.