Key facts
- This page summarizes Dipan D. Patel's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
- 12 reported transactions and 11 derivative rows are listed below.
- Accepted by SEC: 07 Mar 2023, 18:01.
Dipan D. Patel - 04 Mar 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)
- Reporting relationship
- EVP Tech., Strat. & New Bus.
- Issuer ticker
- SBAC
- Reported as of
- 04 Mar 2023
- Net transaction value
- -$146,192
- SEC form
- 4
- Accepted by SEC
- 07 Mar 2023, 18:01:23 UTC
- Prior SEC filing
- 28 Feb 2023
- Next SEC filing
- 17 Aug 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Joshua Koenig, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Dipan D. Patel filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 07 Mar 2023.
Change
- Previous filing in this sequence was filed on 28 Feb 2023.
- Current net transaction value: -$146,192.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +500
- Change %
- +8.8%
- Price
- $0.000000
- Shares after
- 6,175
- Date
- 04 Mar 2023
- Ownership
- Direct
- Footnotes
- F1, F2
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- $51,224
- Shares
- -197
- Change %
- -3.2%
- Price
- $260.35
- Shares after
- 5,978
- Date
- 06 Mar 2023
- Ownership
- Direct
- Footnotes
- F3
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +455
- Change %
- +7.6%
- Price
- $0.000000
- Shares after
- 6,433
- Date
- 04 Mar 2023
- Ownership
- Direct
- Footnotes
- F4
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- $46,614
- Shares
- -179
- Change %
- -2.8%
- Price
- $260.35
- Shares after
- 6,254
- Date
- 06 Mar 2023
- Ownership
- Direct
- Footnotes
- F3
SBAC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +472
- Change %
- +7.5%
- Price
- $0.000000
- Shares after
- 6,726
- Date
- 06 Mar 2023
- Ownership
- Direct
- Footnotes
- F5
SBAC
transaction
Class A Common Stock
Tax liability
- Transaction value
- $48,355
- Shares
- -186
- Change %
- -2.8%
- Price
- $260.35
- Shares after
- 6,540
- Date
- 06 Mar 2023
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SBAC
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -472
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 06 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 472
- Exercise price
- Footnotes
- F5, F7, F8
SBAC
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -500
- Change %
- -50%
- Price
- Shares after
- 500
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 500
- Exercise price
- Footnotes
- F1, F7, F9
SBAC
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -455
- Change %
- -33%
- Price
- Shares after
- 910
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 455
- Exercise price
- Footnotes
- F4, F7, F13
SBAC
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +1,595
- Change %
- Price
- $0.000000
- Shares after
- 1,595
- Date
- 06 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,595
- Exercise price
- Footnotes
- F7, F16
SBAC
transaction
Derivative
Performance Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +1,595
- Change %
- Price
- $0.000000
- Shares after
- 1,595
- Date
- 06 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,595
- Exercise price
- Footnotes
- F10, F17
SBAC
transaction
Derivative
Performance Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +1,595
- Change %
- Price
- $0.000000
- Shares after
- 1,595
- Date
- 06 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,595
- Exercise price
- Footnotes
- F10, F18
SBAC
holding
Derivative
Stock Options (Right to Buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 19,173
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 19,173
- Exercise price
- $182.30
- Footnotes
- F6
SBAC
holding
Derivative
Performance Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,499
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,499
- Exercise price
- Footnotes
- F10, F11
SBAC
holding
Derivative
Performance Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,499
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,499
- Exercise price
- Footnotes
- F10, F12
SBAC
holding
Derivative
Performance Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,365
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,365
- Exercise price
- Footnotes
- F10, F14
SBAC
holding
Derivative
Performance Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,365
- Date
- 04 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,365
- Exercise price
- Footnotes
- F10, F15
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 18 footnotes
Footnote F1
On March 4, 2023, 500 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
Footnote F2
Includes 45.267 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
Footnote F3
Shares withheld for payment of tax liability.
Footnote F4
On March 4, 2023, 455 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
Footnote F5
On March 6, 2023, 472 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
Footnote F6
These options are fully vested and exercisable.
Footnote F7
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
Footnote F8
These restricted stock units vest in accordance with the following schedule: 471 vest on each of the first through third anniversaries of the grant date and 472 vest on the fourth anniversary of the grant date (March 6, 2019).
Footnote F9
These restricted stock units vest in accordance with the following schedule: 499 vest on the first anniversary of the grant date and 500 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
Footnote F10
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
Footnote F11
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
Footnote F12
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
Footnote F13
These restricted stock units vest in accordance with the following schedule: 455 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
Footnote F14
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
Footnote F15
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
Footnote F16
These restricted stock units vest in accordance with the following schedule: 531 vest on the first anniversary of the grant date and 532 vest on each of the second and third anniversaries of the grant date (March 6, 2023).
Footnote F17
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
Footnote F18
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.