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SBA COMMUNICATIONS CORP — Director's Dealing 2025
May 6, 2025
30276_dirs_2025-05-05_4bd1145b-c64a-4978-83ff-434b3725421f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2025-05-01
Reporting Person: BERNSTEIN STEVEN E (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-01 | Class A Common Stock | M | 175 | — | Acquired | 5683.9452 | Direct |
| 2025-05-01 | Class A Common Stock | M | 248 | — | Acquired | 5931.9452 | Direct |
| 2025-05-01 | Class A Common Stock | M | 302 | — | Acquired | 6233.9452 | Direct |
| 2025-05-01 | Class A Common Stock | F | 268.249 | $243.40 | Disposed | 5965.6962 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-05-01 | Restricted Stock Units | $ | M | 175 | Disposed | Class A Common Stock (175) | Direct | |
| 2025-05-01 | Restricted Share Units | $ | M | 248 | Disposed | Class A Common Stock (248) | Direct | |
| 2025-05-01 | Restricted Stock Units | $ | M | 302 | Disposed | Class A Common Stock (302) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 56314 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 |
Footnotes
F1: On May 1, 2025, 175 of the Reporting Person's restricted share units were settled for an equal number of Class A Common Stock.
F2: On May 1, 2025, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3: On May 1, 2025, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4: Shares withheld for the payment of tax liability.
F5: These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
F6: These options are fully vested and immediately exercisable.
F7: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8: These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vested on May 1, 2024; and 175 vested on May 1, 2025.
F9: These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vest on May 1, 2026.
F10: These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1 2027.