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

Reporting relationship: EXECUTIVE VP/GENERAL COUNSEL
Issuer ticker: SBAC
Reported as of: 20 Jan 2026
Net transaction value: -$45,410
SEC form: 4
Accepted by SEC: 22 Jan 2026, 18:30:12 UTC
Prior SEC filing: 30 Dec 2025
Next SEC filing: 09 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Joshua Koenig

Key filing fact

Joshua Koenig filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 22 Jan 2026.

Key facts

This page summarizes Joshua Koenig's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
3 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 22 Jan 2026, 18:30.

Change

Previous filing in this sequence was filed on 30 Dec 2025.
Current net transaction value: -$45,410.

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

Reporting Owners (1)

CIK 0001957644 Primary reporting owner

KOENIG JOSHUA

Relationship: EXECUTIVE VP/GENERAL COUNSEL
Address: C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON
Signature: /s/ Joshua Koenig
Signature date: 22 Jan 2026

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: $1,662,758
Shares: +9,121
Change %: +164%
Price: $182.30
Shares after: 14,683
Date: 20 Jan 2026
Ownership: Direct

SBAC transaction

Class A Common Stock

Tax liability

Transaction value: $1,708,168
Shares: -8,800
Change %: -60%
Price: $194.11
Shares after: 5,883
Date: 20 Jan 2026
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SBAC transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -9,121
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 9,121
Exercise price: $182.30
Footnotes: F2

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 655
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 655
Exercise price
Footnotes: F3, F4

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,965
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,965
Exercise price
Footnotes: F5, F6

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,965
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,965
Exercise price
Footnotes: F5, F7

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,960
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,960
Exercise price
Footnotes: F3, F8

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,440
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,440
Exercise price
Footnotes: F5, F9

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,760
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,760
Exercise price
Footnotes: F3, F10

SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,760
Date: 20 Jan 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,760
Exercise price
Footnotes: F5, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

Shares withheld for payment of tax liability and exercise price.

Footnote F2

These options are fully vested and immediately exercisable.

Footnote F3

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

Footnote 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).

Footnote F5

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

Footnote 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.

Footnote 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.

Footnote 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).

Footnote 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.

Footnote 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).

Footnote 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.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. to update or revoke optional consent for future visits. For more information, see our Privacy Policy .