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SBA COMMUNICATIONS CORP — Director's Dealing 2025
Apr 26, 2025
30276_dirs_2025-04-25_e10ca1be-cf12-483e-a6f4-48aaec86056d.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: 2025-04-23
Reporting Person: LANGER JACK (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-23 | Class A Common Stock | M | 1411 | $157.51 | Acquired | 8829.85 | Direct |
| 2025-04-23 | Class A Common Stock | F | 1119 | $231.42 | Disposed | 7710.85 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-23 | Stock Options (Right to Buy) | $157.51 | M | 1411 | Disposed | 2025-05-17 | Class A Common Stock (1411) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 15522 | Indirect |
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 |
| Restricted Stock Units | $ | Class A Common Stock (175) | 175 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (496) | 496 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (906) | 906 | Direct |
Footnotes
F1: Shares withheld to cover the exercise price.
F2: Includes 288.537 shares acquired through a dividend reinvestment plan.
F3: The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4: These options are fully vested and exercisable.
F5: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6: These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.
F7: These restricted stock units vest in accordance with the following schedule: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.
F8: These restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.