SBA COMMUNICATIONS CORP — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2023-02-27

Reporting Person: COCROFT DUNCAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-27	Class A Common Stock	M	2308	$100.00	Acquired	66900	Direct
2023-02-27	Class A Common Stock	F	1418	$257.82	Disposed	65482	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-27	Stock Options (Right to Buy)	$100.00	M	2308	Disposed	2023-05-13	Class A Common Stock (2308)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$132.00	2024-05-18	Class A Common Stock (1977)	1977	Direct
Stock Options (Right to Buy)	$157.51	2025-05-17	Class A Common Stock (1411)	1411	Direct
Stock Options (Right to Buy)	$212.31	2026-05-16	Class A Common Stock (1501)	1501	Direct
Restricted Stock Units	$		Class A Common Stock (190)	190	Direct
Restricted Stock Units	$		Class A Common Stock (413)	413	Direct
Restricted Stock Units	$		Class A Common Stock (525)	525	Direct

Footnotes

F1: Shares withheld to cover the exercise price and for payment of tax liability.

F2: These options are fully vested and exercisable.

F3: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F4: These restricted stock units vest in accordance with the following schedule: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023.

F5: These restricted stock units vest in accordance with the following schedule: 206 vest on May 1, 2022; 206 vest on May 1, 2023; and 207 vest on May 1, 2024.

F6: These restricted stock units vest in accordance with the following schedule: 175 vest on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.