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SBA COMMUNICATIONS CORP — Director's Dealing 2025
Mar 10, 2025
30276_dirs_2025-03-10_2207e989-80ac-4419-85c2-a12e7a9e3f98.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: 2025-03-06
Reporting Person: KOENIG JOSHUA (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-06 | Class A Common Stock | M | 655 | — | Acquired | 7647.8570 | Direct |
| 2025-03-06 | Class A Common Stock | F | 257.7420 | $220.38 | Disposed | 7390.1150 | Direct |
| 2025-03-06 | Class A Common Stock | M | 1480 | — | Acquired | 8870.1150 | Direct |
| 2025-03-06 | Class A Common Stock | F | 582.3800 | $220.38 | Disposed | 8287.7350 | Direct |
| 2025-03-07 | Class A Common Stock | S | 2209 | $224.18 | Disposed | 6078.7350 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-06 | Restricted Stock Units | $ | M | 655 | Disposed | Class A Common Stock (655) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | M | 1480 | Disposed | Class A Common Stock (1480) | Direct | |
| 2025-03-06 | Restricted Stock Units | $ | A | 5760 | Acquired | Class A Common Stock (5760) | Direct | |
| 2025-03-06 | Performance Restricted Stock Units | $ | A | 5760 | Acquired | Class A Common Stock (5760) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $182.3 | 2026-03-06 | Class A Common Stock (9121) | 9121 | Direct |
| Performance Restricted Stock Units | $ | Class A Common Stock (1965) | 1965 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1965) | 1965 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (4440) | 4440 | Direct |
Footnotes
F1: Shares withheld for payment of tax liability.
F2: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $224.08 to $224.30 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.
F3: These options are fully vested and immediately exercisable.
F4: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5: These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6,2023).
F6: Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7: These performance 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 or decrease based on the results of the performance condition.
F8: These performance 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 or decrease based on the results of the performance condition.
F9: These restricted stock units vest in accordance with the following schedule: 1,480 vest on the first through third anniversaries of the grant date (March 6, 2024).
F10: These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.
F11: These restricted stock units vest in accordance with the following schedule: 1,920 vest on the first through third anniversaries of the grant date (March 6, 2025).
F12: These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.