SBA Communications director exercises equity awards

Q: What restricted stock unit activity did SBA Communications (SBAC) disclose for Amy E. Wilson?

On May 1, 2026, 331, 302, and 248 restricted stock units were each settled for equal numbers of Class A Common shares. These settlements reflect previously granted awards vesting according to schedules detailed in the Form 4 footnotes.

Q: What stock options does Amy E. Wilson retain in SBA Communications (SBAC)?

Wilson holds stock options for 10,000 shares of Class A Common Stock with an exercise price of $224.24 per share. These options vest in 2,000-share annual installments and expire on May 25, 2033, according to the footnote disclosure.

Q: Were there any open-market buys or sells by Amy E. Wilson in SBA Communications (SBAC)?

The Form 4 shows no open-market purchases or sales. All non-derivative entries coded “M” represent exercises or settlements of derivative awards—specifically restricted stock units converting into Class A Common shares at $0.00 per share.

SBA Communications director Amy E. Wilson reported routine equity compensation activity.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

SBA Communications director Amy E. Wilson reported routine equity compensation activity. On May 1, 2026, a total of 881 restricted stock units were settled for an equal number of Class A Common shares at $0.00 per share. After these settlements, Wilson directly holds 1,068.759 Class A shares, including 19.061 shares acquired through a dividend reinvestment plan, and retains stock options for 10,000 shares at an exercise price of $224.24 expiring on May 25, 2033.

Insider Trade Summary

881 shares exercised/converted

Exercise 7 txns

Insider Wilson Amy E

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	248	$0.00	$0.00
Exercise	Restricted Stock Units	302	$0.00	$0.00
Exercise	Restricted Stock Units	331	$0.00	$0.00
Exercise	Class A Common Stock	248	$0.00	$0.00
Exercise	Class A Common Stock	302	$0.00	$0.00
Exercise	Class A Common Stock	331	$0.00	$0.00
holding	Stock Options (Right to Buy)	--	--	--

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

Footnotes (9)

F1. On May 1, 2026, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2. Includes 19.061 shares acquired through a dividend reinvestment plan.
F3. On May 1, 2026, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4. On May 1, 2026, 331 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F5. 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).
F6. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7. These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vested on May 1, 2026.
F8. 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.
F9. 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.

Key Figures

RSUs settled: 881 shares Direct common shares held: 1,068.759 shares Dividend reinvestment shares: 19.061 shares +3 more

6 metrics

RSUs settled 881 shares Restricted stock units settled into Class A Common on May 1, 2026

Direct common shares held 1,068.759 shares Class A Common Stock directly held after transactions

Dividend reinvestment shares 19.061 shares Acquired through a dividend reinvestment plan

Stock options remaining 10,000 shares Options on Class A Common with future vesting

Option exercise price $224.24/share Exercise price of remaining stock options

Option expiration May 25, 2033 Expiration date of 10,000-share option grant

Key Terms

Restricted Stock Units, Stock Options (Right to Buy), dividend reinvestment plan

3 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" with settlements into Class A Common"

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

"security_title: "Stock Options (Right to Buy)" exercisable for Class A Common"

dividend reinvestment plan financial

"Includes 19.061 shares acquired through a dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

FAQ

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

What did SBA Communications (SBAC) director Amy E. Wilson report on this Form 4?

Amy E. Wilson reported routine equity compensation activity. 881 restricted stock units settled into the same number of Class A Common shares on May 1, 2026, reflecting vesting of prior awards rather than open-market buying or selling.

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

After the reported transactions, Amy E. Wilson directly holds 1,068.759 Class A Common shares. This figure includes 19.061 shares that were acquired through a dividend reinvestment plan, as noted in the Form 4 footnotes.

What restricted stock unit activity did SBA Communications (SBAC) disclose for Amy E. Wilson?

On May 1, 2026, 331, 302, and 248 restricted stock units were each settled for equal numbers of Class A Common shares. These settlements reflect previously granted awards vesting according to schedules detailed in the Form 4 footnotes.

What stock options does Amy E. Wilson retain in SBA Communications (SBAC)?

Wilson holds stock options for 10,000 shares of Class A Common Stock with an exercise price of $224.24 per share. These options vest in 2,000-share annual installments and expire on May 25, 2033, according to the footnote disclosure.

Were there any open-market buys or sells by Amy E. Wilson in SBA Communications (SBAC)?

The Form 4 shows no open-market purchases or sales. All non-derivative entries coded “M” represent exercises or settlements of derivative awards—specifically restricted stock units converting into Class A Common shares at $0.00 per share.

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 05/05/2026 - 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)
05/01/2026

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	05/01/2026		M		248	A	⁽¹⁾	1,068.759⁽²⁾	D
Class A Common Stock	05/01/2026		M		302	A	⁽³⁾	1,370.759	D
Class A Common Stock	05/01/2026		M		331	A	⁽⁴⁾	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							⁽⁵⁾	05/25/2033	Class A Common Stock	10,000		10,000	D
Restricted Stock Units	⁽⁶⁾	05/01/2026		M			248	⁽⁷⁾	⁽⁷⁾	Class A Common Stock	248	⁽¹⁾	0	D
Restricted Stock Units	⁽⁶⁾	05/01/2026		M			302	⁽⁸⁾	⁽⁸⁾	Class A Common Stock	302	⁽³⁾	302	D
Restricted Stock Units	⁽⁶⁾	05/01/2026		M			331	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	331	⁽⁴⁾	663	D

Explanation of Responses:

1. On May 1, 2026, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

2. Includes 19.061 shares acquired through a dividend reinvestment plan.

3. On May 1, 2026, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

4. On May 1, 2026, 331 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

5. 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).

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

7. These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vested on May 1, 2026.

8. 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.

9. 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.

	/s/ Joshua Westerman, as Attorney-in-Fact	05/05/2026
	** 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