Duncan Cocroft - 01 May 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 May 2023, 17:15:53 UTC
Prior SEC filing
01 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joshua Koenig, Attorney-in-Fact

Key filing fact

Duncan Cocroft filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 03 May 2023.

Key facts

  • This page summarizes Duncan Cocroft's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 7 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 03 May 2023, 17:15.

Change

  • Previous filing in this sequence was filed on 01 Mar 2023.
  • Current net transaction value: -$55,118.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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
Shares
+190
Change %
+0.29%
Price
Shares after
65,672
Date
01 May 2023
Ownership
Direct
Footnotes
F1
SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+206
Change %
+0.31%
Price
Shares after
65,878
Date
01 May 2023
Ownership
Direct
Footnotes
F2
SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+175
Change %
+0.27%
Price
Shares after
66,053
Date
01 May 2023
Ownership
Direct
Footnotes
F3
SBAC transaction

Class A Common Stock

Tax liability

Transaction value
$55,118
Shares
-211
Change %
-0.32%
Price
$260.89
Shares after
65,842
Date
01 May 2023
Ownership
Direct
Footnotes
F4

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
-190
Change %
-100%
Price
Shares after
0
Date
01 May 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
190
Exercise price
Footnotes
F1, F6, F7
SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-206
Change %
-50%
Price
Shares after
207
Date
01 May 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
206
Exercise price
Footnotes
F2, F6, F8
SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-175
Change %
-33%
Price
Shares after
350
Date
01 May 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
175
Exercise price
Footnotes
F3, F6, F9
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,977
Date
01 May 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,977
Exercise price
$132.00
Footnotes
F5
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,411
Date
01 May 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,411
Exercise price
$157.51
Footnotes
F5
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,501
Date
01 May 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,501
Exercise price
$212.31
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

On May 1, 2023, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

Footnote F2

On May 1, 2023, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

Footnote F3

On May 1, 2023, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

Footnote F4

Shares withheld for tax liability.

Footnote F5

These options are fully vested and exercisable.

Footnote F6

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote F7

These restricted stock units vest in accordance with the following schedule: 190 vested on May 1, 2021; 190 vested on May 1, 2022; and 190 vested on May 1, 2023.

Footnote F8

These restricted stock units vest in accordance with the following schedule: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.

Footnote F9

These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.

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