Marc Montagner - 05 Mar 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - CHIEF FINANCIAL OFFICER
Signature
/s/ Joshua Westerman, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
05 Mar 2026
Net transactions value
$0
Form type
4
Filing time
09 Mar 2026, 18:30:12 UTC
Previous filing
05 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Montagner Marc EVP - CHIEF FINANCIAL OFFICER C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Westerman, Attorney-in-Fact 09 Mar 2026 0001456823

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +2,072 +62% $0.000000* 5,412 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Tax liability -815 -15% $195.69* 4,596 06 Mar 2026 Direct F2
transaction SBAC Class A Common Stock Options Exercise +2,451 +53% $0.000000* 7,047 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -979 -14% $195.69* 6,069 06 Mar 2026 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 -2,072 -50% $0.000000* 2,072 06 Mar 2026 Class A Common Stock 2,072 Direct F3, F5
transaction SBAC Restricted Stock Units Options Exercise -2,451 -33% $0.000000* 4,903 06 Mar 2026 Class A Common Stock 2,451 Direct F3, F8
transaction SBAC Restricted Stock Units Award +8,561 $0.000000* 8,561 05 Mar 2026 Class A Common Stock 8,561 Direct F3, F10
transaction SBAC Perfomance Restricted Stock Units Award +8,561 $0.000000* 8,561 05 Mar 2026 Class A Common Stock 8,561 Direct F6, F11
holding SBAC Restricted Stock Units 1,588 05 Mar 2026 Class A Common Stock 1,588 Direct F3, F4
holding SBAC Performance Restricted Stock Units 6,215 05 Mar 2026 Class A Common Stock 6,215 Direct F6, F7
holding SBAC Performance Restricted Stock Units 7,354 05 Mar 2026 Class A Common Stock 7,354 Direct F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 19.176 shares acquired through a dividend reinvestment plan.
F2 Shares withheld for payment of tax liability.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 These restricted stock units vest in accordance with the following schedule: 1,588 vested on each of the first and second anniversaries and 1,588 vests on the third anniversary of the grant date (October 17, 2023).
F5 These restricted stock units vest in accordance with the following schedule: 2,071 vested on the first anniversary; 2,072 vested on the second anniversary and 2,072 will vest on the third anniversary of the grant date (March 6, 2024).
F6 Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
F7 These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F8 These restricted stock units vest in accordance with the following schedule: 2,451 vested on the first anniversary; 2,451 will vest on the second anniversary and 2,452 vest on the third anniversary of the grant date (March 6, 2025).
F9 These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F10 These restricted stock units vest in accordance with the following schedule: 2,853 vest on the first anniversary and 2,854 vest on the second and third anniversaries of the grant date (March 5, 2026).
F11 These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will best on March 5, 2029. The number of shares of Class A Common Stock that will be earned subject to decrease or increase (up to 200%) based on the results of the performance conditions.