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

Reporting relationship: VP & Chief Accounting Officer
Issuer ticker: SBAC
Reported as of: 05 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Mar 2026, 18:30:08 UTC
Prior SEC filing: 22 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ Joshua Westerman, Attorney-in-Fact

Key filing fact

Saul Kredi filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 09 Mar 2026.

Key facts

This page summarizes Saul Kredi's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
17 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 09 Mar 2026, 18:30.

Change

Previous filing in this sequence was filed on 22 Jan 2026.
Current net transaction value: $0.

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 0002047753 Primary reporting owner

KREDI SAUL

Relationship: VP & Chief Accounting Officer
Address: C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON
Signature: /s/ Joshua Westerman, Attorney-in-Fact
Signature date: 09 Mar 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
Shares: +147
Change %: +2.4%
Price: $0.000000^*
Shares after: 6,197
Date: 06 Mar 2026
Ownership: Direct

SBAC transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -58
Change %: -0.93%
Price: $195.69^*
Shares after: 6,139
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +878
Change %: +14%
Price: $0.000000^*
Shares after: 7,017
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F2

SBAC transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -360
Change %: -5.1%
Price: $195.69^*
Shares after: 6,657
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +110
Change %: +1.6%
Price: $0.000000^*
Shares after: 6,767
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F3

SBAC transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -43
Change %: -0.64%
Price: $195.69^*
Shares after: 6,724
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +585
Change %: +8.7%
Price: $0.000000^*
Shares after: 7,309
Date: 06 Mar 2026
Ownership: Direct

SBAC transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -230
Change %: -3.1%
Price: $195.69^*
Shares after: 7,078
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F1

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +817
Change %: +12%
Price: $0.000000^*
Shares after: 7,895
Date: 06 Mar 2026
Ownership: Direct

SBAC transaction

Class A Common Stock

Tax liability

Transaction value
Shares: -321
Change %: -4.1%
Price: $195.69^*
Shares after: 7,574
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F1

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: -147
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 147
Exercise price
Footnotes: F4, F5

SBAC transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value
Shares: -439
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 439
Exercise price
Footnotes: F2, F6, F7

SBAC transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value
Shares: -110
Change %: -25%
Price: $0.000000^*
Shares after: 329
Date: 06 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 110
Exercise price
Footnotes: F3, F6, F8

SBAC transaction Derivative

Performance Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -329
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 329
Exercise price
Footnotes: F6, F8, F9

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -585
Change %: -50%
Price: $0.000000^*
Shares after: 585
Date: 06 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 585
Exercise price
Footnotes: F4, F10

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -817
Change %: -33%
Price: $0.000000^*
Shares after: 1,634
Date: 06 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 817
Exercise price
Footnotes: F4, F11

SBAC transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +2,845
Change %
Price: $0.000000^*
Shares after: 2,845
Date: 05 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,845
Exercise price
Footnotes: F4, F12

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

Shares withheld for payment of tax liability.

Footnote 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.

Footnote 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.

Footnote F4

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

Footnote 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).

Footnote F6

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

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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).

Footnote 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).

Footnote 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).