SBA Communications director granted 1,108 RSUs

Wilson Amy E reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Wilson Amy E reported acquisition or exercise transactions in this Form 4 filing.

SBA Communications director Amy E. Wilson reported a compensation grant of 1,108 Restricted Stock Units, each representing one share of Class A Common Stock. After this award, she holds 1,701.759 Class A Common shares directly, multiple RSU tranches totaling several hundred shares, and 10,000 stock options exercisable at $224.24 per share expiring in 2033.

Insider Trade Summary

Grant/Award: 1,108 shares

Grant/Award 5 txns

Insider Wilson Amy E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,108	$0.00	$0.00
holding	Stock Options (Right to Buy)	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,073 contracts for 965 underlying shares (Direct); Stock Options (Right to Buy) — 10,000 contracts (Direct); Class A Common Stock — 1,701.759 shares (Direct)

Footnotes (5)

F1. These stock options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (May 25, 2023).
F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3. These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 1, 2026; and 302 vest on May 1, 2027.
F4. These restricted stock units vest in accordance with the following schedule: 331 vested on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1, 2028.
F5. These restricted stock units vest in accordance with the following schedule: 369 vest on May 1, 2027; 369 vest on May 1, 2028; and 370 vest on May 1, 2029.

Key Figures

RSU grant: 1,108 units Direct common shares: 1,701.759 shares Existing RSUs: 663 units +4 more

7 metrics

RSU grant 1,108 units Restricted Stock Units granted as compensation on May 22, 2026

Direct common shares 1,701.759 shares Class A Common Stock held directly after reported transactions

Existing RSUs 663 units Restricted Stock Units tied to Class A Common Stock

Additional RSUs 302 units Restricted Stock Units with scheduled vesting through May 1, 2027

Stock options 10,000 options Options on Class A Common Stock held after transactions

Option exercise price $224.24 per share Strike price for 10,000 stock options expiring in 2033

Option expiration May 25, 2033 Expiration date for 10,000 stock options

Key Terms

Restricted Stock Units, Stock Options (Right to Buy), Class A Common Stock, vesting schedule

4 terms

Restricted Stock Units financial

"The filing reports multiple Restricted Stock Units that convert into Class A Common Stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Options (Right to Buy) financial

"The insider holds Stock Options (Right to Buy) 10,000 shares at $224.24."

Class A Common Stock financial

"Each restricted stock unit represents a right to one share of Class A Common Stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vesting schedule financial

"Footnotes describe a vesting schedule with portions vesting annually from 2025 to 2029."

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SBA Communications (SBAC) report for Amy E. Wilson?

SBA Communications reported that director Amy E. Wilson received a grant of 1,108 Restricted Stock Units. These RSUs are a form of equity compensation, each representing a contingent right to one share of Class A Common Stock, vesting over several future dates.

How many SBA Communications (SBAC) shares does Amy E. Wilson hold after this filing?

After the reported transactions, Amy E. Wilson holds 1,701.759 shares of SBA Communications Class A Common Stock directly. She also has multiple unvested RSU awards and stock options that could convert into additional shares if vesting and exercise conditions are met.

What Restricted Stock Unit awards are disclosed for SBA Communications (SBAC) director Amy E. Wilson?

The filing shows a new award of 1,108 Restricted Stock Units plus existing RSU positions of 663 and 302 units. Footnotes describe staggered vesting schedules, with specific portions vesting on May 1 in 2025, 2026, 2027, 2028, and 2029, subject to continued service.

What stock options for SBA Communications (SBAC) does Amy E. Wilson hold?

Amy E. Wilson holds 10,000 stock options to buy SBA Communications Class A Common Stock at an exercise price of $224.24 per share. These options vest in five equal annual installments of 2,000 options each and expire on May 25, 2033 if not exercised.

How do the Restricted Stock Units for SBA Communications (SBAC) vest over time?

The filing explains that various RSU grants vest in installments on May 1 across multiple years. For example, one award vests 302 units annually in 2025, 2026, and 2027, while other grants vest in tranches between 2026 and 2029, assuming vesting conditions are satisfied.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/27/2026 - 06:30 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wilson Amy E

(Last)

(First)

(Middle)

C/O SBA COMMUNICATIONS CORPORATION

8051 CONGRESS AVENUE

(Street)

BOCA RATON

FLORIDA

33487

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP [ SBAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock								1,701.759	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)	$224.24							⁽¹⁾	05/25/2033	Class A Common Stock	10,000		10,000	D
Restricted Stock Units	⁽²⁾							⁽³⁾	⁽³⁾	Class A Common Stock	302		302	D
Restricted Stock Units	⁽²⁾							⁽⁴⁾	⁽⁴⁾	Class A Common Stock	663		663	D
Restricted Stock Units	⁽²⁾	05/22/2026		A		1,108		⁽⁵⁾	⁽⁵⁾	Class A Common Stock	1,108	$0	1,108	D

Explanation of Responses:

1. These stock options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (May 25, 2023).

2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

3. These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 1, 2026; and 302 vest on May 1, 2027.

4. These restricted stock units vest in accordance with the following schedule: 331 vested on May 1, 2026; 331 vest on May 1, 2027; and 332 vest on May 1, 2028.

5. These restricted stock units vest in accordance with the following schedule: 369 vest on May 1, 2027; 369 vest on May 1, 2028; and 370 vest on May 1, 2029.

	/s/ Joshua Westerman, as Attorney-in-Fact	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR