JEFFREY STOOPS - 06 Mar 2026 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, CHAIRMAN
Signature
/s/ Joshua Westerman , Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
06 Mar 2026
Net transactions value
$0
Form type
4
Filing time
09 Mar 2026, 18:30:05 UTC
Previous filing
22 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
STOOPS JEFFREY Director, CHAIRMAN C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON /s/ Joshua Westerman , Attorney-in-Fact 09 Mar 2026 0001106860

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +3,468 +2.8% $0.000000* 129,495 06 Mar 2026 Direct
transaction SBAC Class A Common Stock Tax liability -1,283 -0.99% $195.69* 128,211 06 Mar 2026 Direct F1
transaction SBAC Class A Common Stock Options Exercise +20,808 +16% $0.000000* 149,019 06 Mar 2026 Direct F2
transaction SBAC Class A Common Stock Tax liability -8,188 -5.5% $195.69* 140,832 06 Mar 2026 Direct F1
holding SBAC Class A Common Stock 259,863 06 Mar 2026 By Limited Partnership F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBAC Restricted Stock Units Options Exercise -3,468 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 3,468 Direct F4, F5
transaction SBAC Performance Restricted Stock Units Options Exercise -10,404 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 10,404 Direct F2, F6, F7
transaction SBAC Performance Restricted Stock Units Disposed to Issuer -10,404 -100% $0.000000* 0 06 Mar 2026 Class A Common Stock 10,404 Direct F6, F8, F9
holding SBAC Restricted Stock Units 604 06 Mar 2026 Class A Common Stock 604 Direct F4, F10
holding SBAC Restricted Stock Units 994 06 Mar 2026 Class A Common Stock 994 Direct F4, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability.
F2 As previously reported on a Form 4, the Reporting Person was awarded 10,404 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 20,808 shares of Class A Common Stock became issuable to the Reporting Person.
F3 These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
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: 3,468 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 restricted 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 period.
F8 The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
F9 These performance restricted 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 period.
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.
F11 These restricted stock units vest in accordance with the following schedule: 331 vest on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1, 2028.