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SBA COMMUNICATIONS CORP — Director's Dealing 2025
May 6, 2025
30276_dirs_2025-05-05_4150acf7-94d2-43fe-a64e-68005e110a44.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: LANGER JACK (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 | 7885.8500 | Direct |
| 2025-05-01 | Class A Common Stock | M | 248 | — | Acquired | 8133.8500 | Direct |
| 2025-05-01 | Class A Common Stock | M | 302 | — | Acquired | 8435.8500 | Direct |
| 2025-05-01 | Class A Common Stock | F | 268.2490 | $243.40 | Disposed | 8167.6010 | Direct |
| 2025-05-01 | Class A Common Stock | S | 3500 | $240.17 | Disposed | 12022 | Indirect |
| 2025-05-01 | Class A Common Stock | S | 1359 | $241.50 | Disposed | 10663 | Indirect |
| 2025-05-01 | Class A Common Stock | S | 141 | $242.12 | Disposed | 10522 | Indirect |
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 Stock 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 (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 stock 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 tax liability.
F5: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $240.01 to $240.51 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F6: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $241.06 to $241.94 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F7: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $242.11 to $242.14 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F8: These options are fully vested and exercisable.
F9: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10: 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.
F11: 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.
F12: 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.