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Filing Details

Accession Number:: 0001209191-23-055780
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-11-17 17:00:11
Reporting Period:: 2023-11-15

Accepted Time:: 2023-11-17 17:00:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1034054	Sba Communications Corp	SBAC	Real Estate Investment Trusts (6798)	650716501

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1106860	Jeffrey Stoops	C/O Sba Communications Corporation 8051 Congress Avenue Boca Raton FL 33487	Chief Executive Officer & Pres	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-11-15	32,638	$233.80	51,030	No	4	S	Indirect	By LLC
Class A Common Stock	Disposition	2023-11-15	13,141	$234.38	37,889	No	4	S	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By LLC
No	4	S	Indirect	By LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	155,074	Direct
Class A Common Stock	259,863	Indirect	By Limited Partnership

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Options (Right to Buy)	$156.50	2025-03-06	137,601	137,601	Direct
Class A Common Stock	Stock Options (Right to Buy)	$182.30	2026-03-06	149,446	149,446	Direct
Class A Common Stock	Restricted Stock Units	$0.00		3,373	3,373	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		10,118	10,118	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		10,118	10,118	Direct
Class A Common Stock	Restricted Stock Units	$0.00		5,930	5,930	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		8,894	8,894	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		8,894	8,894	Direct
Class A Common Stock	Restricted Stock Units	$0.00		10,404	10,404	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		10,404	10,404	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		10,404	10,404	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-03-06	137,601	137,601	Direct
2026-03-06	149,446	149,446	Direct
	3,373	3,373	Direct
	10,118	10,118	Direct
	10,118	10,118	Direct
	5,930	5,930	Direct
	8,894	8,894	Direct
	8,894	8,894	Direct
	10,404	10,404	Direct
	10,404	10,404	Direct
	10,404	10,404	Direct

Footnotes

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $233.23 to $234.23 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.
These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $234.24 to $234.70 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.
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.
These options are fully vested and exercisable.
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
These restricted stock units vest in accordance with the following schedule: 2,964 vest on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
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).
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.