Saul Kredi - 05 Mar 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
VP & Chief Accounting 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, 18:30:08 UTC
Previous filing
22 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
KREDI SAUL VP & Chief Accounting Officer C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Westerman, Attorney-in-Fact 09 Mar 2026 0002047753

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +147 +2.4% $0.000000* 6,197 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -58 -0.93% $195.69* 6,139 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +878 +14% $0.000000* 7,017 06 Mar 2026 Direct F2
transaction SBAC Class A Common Stock Tax liability -360 -5.1% $195.69* 6,657 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +110 +1.6% $0.000000* 6,767 06 Mar 2026 Direct F3
transaction SBAC Class A Common Stock Tax liability -43 -0.64% $195.69* 6,724 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +585 +8.7% $0.000000* 7,309 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -230 -3.1% $195.69* 7,078 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +817 +12% $0.000000* 7,895 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -321 -4.1% $195.69* 7,574 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 -147 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 147 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise -439 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 439 Direct F2, F6, F7
transaction SBAC Performance Restricted Stock Units Options Exercise -110 -25% $0.000000* 329 06 Mar 2026 Class A Common Stock 110 Direct F3, F6, F8
transaction SBAC Performance Restricted Stock Units Disposed to Issuer -329 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 329 Direct F6, F8, F9
transaction SBAC Restricted Stock Units Options Exercise -585 -50% $0.000000* 585 06 Mar 2026 Class A Common Stock 585 Direct F4, F10
transaction SBAC Restricted Stock Units Options Exercise -817 -33% $0.000000* 1,634 06 Mar 2026 Class A Common Stock 817 Direct F4, F11
transaction SBAC Restricted Stock Units Award +2,845 $0.000000* 2,845 05 Mar 2026 Class A Common Stock 2,845 Direct F4, F12
* 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 439 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 878 shares of Class A Common Stock became issuable to the Reporting Person.
F3 As previously reported on a Form 4, the Reporting Person was awarded 439 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 25% of target based on the results of the performance condition, such that 109.75 shares of Class A Common Stock became issuable to the Reporting Person.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 These restricted stock units vest in accordance with the following schedule: 146 vest on the first and second anniversaries of the grant date and 147 vested on the third anniversary of the grant date (March 6, 2023).
F6 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 These performance restricted 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 (up to 200%) or decrease based on the results of the performance condition.
F8 The performance restricted 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 (up to 200%) or decrease based on the results of the performance condition.
F9 As previously reported on a Form 4, the Reporting Person was awarded 439 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 25% based on the results of the performance condition, such that 109.75 of the 439 PSUs became issuable to the Reporting Person and the remaining 329.25 were forfeited.
F10 These restricted stock units vest in accordance with the following schedule: 584 vest on the first anniversary and 585 on the second anniversary of the grant date and 585 on the third anniversaries of the grant date (March 6, 2024).
F11 These restricted stock units vest in accordance with the following schedule: 817 vested on the first anniversary and 817 will vest on the second and third anniversaries of the grant date (March 6, 2025).
F12 These restricted stock units vest in accordance with the following schedule: 948 vest on the first and second anniversary of the grant date and 949 vest on the third anniversary of the grant date (March 5, 2026).