SBA Communications director sells 300 shares at $182.67

SBA COMMUNICATIONS CORP (SBAC) director George R. Krouse Jr. reported a sale of 300 shares of Class A Common Stock on August 17, 2026 at a weighted average price of $182.6745 per share, within a range of $182.49–$182.78.

Rhea-AI Filing Summary

SBA COMMUNICATIONS CORP (SBAC) director George R. Krouse Jr. reported a sale of 300 shares of Class A Common Stock on August 17, 2026 at a weighted average price of $182.6745 per share, within a range of $182.49–$182.78. Following this sale, he directly holds 8,511.636 shares of common stock. He also holds several blocks of Restricted Stock Units, each representing a contingent right to receive one share of Class A Common Stock, covering 302, 663, and 1,108 underlying shares that vest in tranches between May 1, 2026 and May 1, 2029.

Insider Trade Summary

Net Seller: 300 shares

Net Sell 4 txns

Insider Krouse George R Jr

Role Director

Sold 300 shs ($55K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	300	$182.6745	$55K
holding	Restricted Stock Units F2, F3	--	--	--
holding	Restricted Stock Units F2, F4	--	--	--
holding	Restricted Stock Units F2, F5	--	--	--

Holdings After Transaction: Class A Common Stock — 8,511.636 shares (Direct); Restricted Stock Units — 2,073 contracts (Direct)

Footnotes (5)

1. F1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $182.49 to $182.78 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security hold of the issuer full information regarding the number of shares sold at each separate price.
2. F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
3. F3. These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 2026; and 302 vest on May 1, 2027.
4. 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.
5. 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

Shares sold: 300 shares Weighted average sale price: $182.6745 per share Sale price range: $182.49–$182.78 per share +4 more

7 metrics

Shares sold 300 shares Class A Common Stock sold on August 17, 2026

Weighted average sale price $182.6745 per share Weighted average price for 300 shares sold; individual prices from $182.49 to $182.78

Sale price range $182.49–$182.78 per share Range of prices for the shares sold on August 17, 2026

Common shares held after transaction 8,511.636 shares Direct Class A Common Stock ownership following the reported sale

RSUs underlying shares (grant 1) 302 shares Restricted Stock Units each representing one share of Class A Common Stock

RSUs underlying shares (grant 2) 663 shares Restricted Stock Units vesting from May 1, 2026 through May 1, 2028

RSUs underlying shares (grant 3) 1,108 shares Restricted Stock Units vesting from May 1, 2027 through May 1, 2029

Key Terms

Restricted Stock Units, weighted average price, contingent right

3 terms

Restricted Stock Units financial

"The security title is listed as "Restricted Stock Units" with underlying 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.

weighted average price financial

"Represents the weighted average price of the shares sold."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

FAQ

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

What did SBAC director George R. Krouse Jr. report in this Form 4?

He reported a sale of 300 SBAC shares of Class A Common Stock on August 17, 2026, plus updated holdings of common stock and multiple blocks of Restricted Stock Units that vest between 2026 and 2029.

At what price did the 300 SBAC shares sell in this Form 4?

The 300 SBAC shares sold at a weighted average price of $182.6745 per share. The footnote states the individual sale prices ranged from $182.49 to $182.78 per share, with detailed breakdowns available upon request.

How many SBAC shares does George R. Krouse Jr. hold after the reported sale?

After the sale, he directly holds 8,511.636 shares of SBA COMMUNICATIONS CORP Class A Common Stock. This figure reflects his remaining direct common stock ownership as reported following the August 17, 2026 transaction.

What Restricted Stock Units does the SBAC director hold according to this filing?

He holds RSUs tied to 302, 663, and 1,108 underlying SBAC shares. Each RSU represents a contingent right to one share of Class A Common Stock, with vesting scheduled in annual tranches between May 1, 2026 and May 1, 2029.

When do the 302-share SBAC RSU block vest for George R. Krouse Jr.?

The 302-share RSU block vests as follows: 302 vested on May 1, 2025, 302 vest on May 2026, and 302 vest on May 1, 2027, according to the vesting schedule described in the footnote.

What are the vesting dates for the larger SBAC RSU grants in this Form 4?

For the 663-share RSU grant, 331 vested on May 1, 2026, with 331 vesting on May 1, 2027 and 332 on May 1, 2028. For the 1,108-share grant, 369, 369, and 370 vest on May 1 of 2027, 2028, and 2029, respectively.

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

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Available on EDGAR 08/19/2026 - 06:30 PM Accepted by SEC EDGAR 08/19/2026 - 06:30 PM Learn about SEC filing dates

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^*

Krouse George R Jr

(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)
08/17/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/17/2026		S		300	D	$182.6745(1)	8,511.636	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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)							(5)	(5)	Class A Common Stock	1,108		1,108	D

Explanation of Responses:

1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $182.49 to $182.78 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security hold of the issuer full information regarding the number of shares sold at each separate price.

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 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	08/19/2026
	** 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)