Joshua Koenig - 29 Dec 2025 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EXECUTIVE VP/GENERAL COUNSEL
Signature
/s/ Joshua Koenig
Issuer symbol
SBAC
Transactions as of
29 Dec 2025
Net transactions value
$0
Form type
4
Filing time
30 Dec 2025, 18:30:05 UTC
Previous filing
10 Mar 2025
Next filing
22 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KOENIG JOSHUA EXECUTIVE VP/GENERAL COUNSEL C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Koenig 30 Dec 2025 0001957644

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Gift $0 -517 -8.5% $0.000000 5,562 29 Dec 2025 Direct F1

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
holding SBAC Stock Options (Right to Buy) 9,121 29 Dec 2025 Class A Common Stock 9,121 $182.30 Direct F2
holding SBAC Restricted Stock Units 655 29 Dec 2025 Class A Common Stock 655 Direct F3, F4
holding SBAC Performance Restricted Stock Units 1,965 29 Dec 2025 Class A Common Stock 1,965 Direct F5, F6
holding SBAC Performance Restricted Stock Units 1,965 29 Dec 2025 Class A Common Stock 1,965 Direct F5, F7
holding SBAC Restricted Stock Units 2,960 29 Dec 2025 Class A Common Stock 2,960 Direct F3, F8
holding SBAC Performance Restricted Stock Units 4,440 29 Dec 2025 Class A Common Stock 4,440 Direct F5, F9
holding SBAC Restricted Stock Units 5,760 29 Dec 2025 Class A Common Stock 5,760 Direct F3, F10
holding SBAC Performance Restricted Stock Units 5,760 29 Dec 2025 Class A Common Stock 5,760 Direct F5, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F2 These options are fully vested and immediately exercisable.
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: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
F5 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 These performance 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.
F7 These performance 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.
F8 These restricted stock units vest in accordance with the following schedule: 1,480 vest on the first through third anniversaries of the grant date (March 6, 2024).
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, 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.
F10 These restricted stock units vest in accordance with the following schedule: 1,920 vest on the first through third anniversaries of the grant date (March 6, 2025).
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 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.