Joshua Koenig - 20 Jan 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EXECUTIVE VP/GENERAL COUNSEL
Signature
/s/ Joshua Koenig
Issuer symbol
SBAC
Transactions as of
20 Jan 2026
Net transactions value
-$45,410
Form type
4
Filing time
22 Jan 2026, 18:30:12 UTC
Previous filing
30 Dec 2025
Next filing
09 Mar 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 22 Jan 2026 0001957644

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $1,662,758 +9,121 +164% $182.30 14,683 20 Jan 2026 Direct
transaction SBAC Class A Common Stock Tax liability $1,708,168 -8,800 -60% $194.11 5,883 20 Jan 2026 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
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -9,121 -100% $0.000000 0 20 Jan 2026 Class A Common Stock 9,121 $182.30 Direct F2
holding SBAC Restricted Stock Units 655 20 Jan 2026 Class A Common Stock 655 Direct F3, F4
holding SBAC Performance Restricted Stock Units 1,965 20 Jan 2026 Class A Common Stock 1,965 Direct F5, F6
holding SBAC Performance Restricted Stock Units 1,965 20 Jan 2026 Class A Common Stock 1,965 Direct F5, F7
holding SBAC Restricted Stock Units 2,960 20 Jan 2026 Class A Common Stock 2,960 Direct F3, F8
holding SBAC Performance Restricted Stock Units 4,440 20 Jan 2026 Class A Common Stock 4,440 Direct F5, F9
holding SBAC Restricted Stock Units 5,760 20 Jan 2026 Class A Common Stock 5,760 Direct F3, F10
holding SBAC Performance Restricted Stock Units 5,760 20 Jan 2026 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 Shares withheld for payment of tax liability and exercise price.
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.