Donald Day - 05 Mar 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - SITE LEASING
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, 18:30:10 UTC
Previous filing
20 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DAY DONALD EVP - SITE LEASING C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Westerman, Attorney-in-Fact 09 Mar 2026 0002031697

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +270 +3.7% $0.000000* 7,601 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -101 -1.3% $195.69* 7,500 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +1,618 +22% $0.000000* 9,118 06 Mar 2026 Direct F2
transaction SBAC Class A Common Stock Tax liability -604 -6.6% $195.69* 8,514 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +555 +6.5% $0.000000* 9,069 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -207 -2.3% $195.69* 8,862 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +1,348 +15% $0.000000* 10,210 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -503 -4.9% $195.69* 9,706 06 Mar 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 Restricted Stock Units Options Exercise -270 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 270 Direct F3, F4
transaction SBAC Performance Restricted Stock Units Options Exercise -809 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 809 Direct F2, F5, F6
transaction SBAC Performance Restricted Stock Units Disposed to Issuer -809 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 809 Direct F5, F7, F8
transaction SBAC Restricted Stock Units Options Exercise -555 -50% $0.000000* 555 06 Mar 2026 Class A Common Stock 555 Direct F3, F9
transaction SBAC Restricted Stock Units Options Exercise -1,348 -33% $0.000000* 2,697 06 Mar 2026 Class A Common Stock 1,348 Direct F3, F12
transaction SBAC Restricted Stock Units Award +5,005 $0.000000* 5,005 05 Mar 2026 Class A Common Stock 5,005 Direct F3, F14
transaction SBAC Performance Restricted Stock Units Award +5,005 $0.000000* 5,005 05 Mar 2026 Class A Common Stock 5,005 Direct F5, F15
holding SBAC Performance Restricted Stock Units 1,665 05 Mar 2026 Class A Common Stock 1,665 Direct F5, F10
holding SBAC Restricted Stock Units 914 05 Mar 2026 Class A Common Stock 914 Direct F3, F11
holding SBAC Performance Restricted Stock Units 4,045 05 Mar 2026 Class A Common Stock 4,045 Direct F5, F13
* 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.
F2 As previously reported on a Form 4, the Reporting Person was awarded 809 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 1618 shares of Class A Common Stock became issuable to the Reporting Person.
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: 269 vested on the first anniversary of the grant date and 270 vested on the second anniversary and 270 vested on the third anniversary 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 restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F7 The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
F8 These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.
F9 These restricted stock units vest in accordance with the following schedule: 555 vested on the first and second anniversary and 555 will vest on the third anniversaries of the grant date (March 6, 2024).
F10 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 at the end of the three-year performance period is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F11 These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).
F12 These restricted stock units vest in accordance with the following schedule: 1,348 vested on the first anniversary; 1,348 will vest on the second anniversary of the grant date and 1,349 vest on the third anniversary of the grant date (March 6, 2025).
F13 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.
F14 These restricted stock units vest in accordance with the following schedule: 1,668 will vest on the first and second anniversaries and 1,669 will vest on the third anniversary of the grant date (March 5, 2026).
F15 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 5, 2029. 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.