STOCK TITAN

SBA Communications director gifts 300 shares

The reported post-gift position was 8,226 direct shares, alongside three restricted-stock-unit positions with separate vesting schedules.

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Form Type
4

Rhea-AI Filing Summary

SBA Communications Corp. director George R. Krouse Jr. gifted 300 shares of Class A common stock to a 501(c)(3) institution on November 4, 2026. His reported direct holdings after the gift were 8,226 shares. He also reported restricted stock unit positions representing 302, 663 and 1,108 underlying shares, each with a stated vesting schedule.

Insider Krouse George R Jr
Role Director
Type Security Shares Price Value
Gift Class A Common Stock F1, F2 300 $0.00 $0.00
Holding Restricted Stock Units F3, F4 -- -- --
Holding Restricted Stock Units F3, F5 -- -- --
Holding Restricted Stock Units F3, F6 -- -- --
Holdings After Transaction: Class A Common Stock — 8,225.569 shares (Direct); Restricted Stock Units — 2,073 contracts (Direct)
Footnotes (6)
  1. F1. The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities and Exchange Act of 1934, as amended.
  2. F2. Includes 13.933 shares acquired through a dividend reinvestment plan.
  3. F3. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  4. F4. 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.
  5. F5. 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.
  6. F6. 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.
Class A common stock gifted 300 shares November 4, 2026
Direct shares after gift 8,226 shares Reported after the November 4, 2026 transaction
Restricted stock units 302 underlying shares Vesting schedule includes May 1, 2025, May 2026, and May 1, 2027
Restricted stock units 663 underlying shares Vesting schedule includes May 1, 2026, May 1, 2027, and May 1, 2028
Restricted stock units 1,108 underlying shares Vesting schedule includes May 1, 2027, May 1, 2028, and May 1, 2029
Rule 16b-5 regulatory
"in an exempt transaction pursuant to Rule 16b-5"
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend reinvestment plan financial
"Includes 13.933 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.
501(c)(3) regulatory
"gifted these shares to a 501(c)(3) institution"
A 501(c)(3) is a U.S. federal tax designation for organizations organized and operated for charitable, educational, religious, scientific or literary purposes, which exempts them from federal income tax and generally makes donations to them tax-deductible. Investors pay attention because the designation shapes how the organization raises money, what activities it can legally pursue (for example, limits on political lobbying), and how transparent and financially stable it must be—factors that affect risk, reputation, and potential partnerships.

FAQ

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

How many SBAC shares did George R. Krouse Jr. gift?

Director George R. Krouse Jr. gifted 300 shares of Class A common stock to a 501(c)(3) institution on November 4, 2026; his reported direct holdings afterward were 8,226 shares.

What RSU vesting schedules did SBAC director George Krouse report?

He reported restricted stock unit positions representing 302 underlying shares, with 302 vested on May 1, 2025, 302 vested on May 2026, and 302 vesting on May 1, 2027; 663 underlying shares, with 331 vested on May 1, 2026, 331 vesting on May 1, 2027, and 332 vesting on May 1, 2028; and 1,108 underlying shares, with 369 vesting on May 1, 2027, 369 on May 1, 2028, and 370 on May 1, 2029.

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

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SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock11/04/2026G(1)300D$08,225.569(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3) (4) (4)Class A Common Stock302302D
Restricted Stock Units(3) (5) (5)Class A Common Stock663663D
Restricted Stock Units(3) (6) (6)Class A Common Stock1,1081,108D
Explanation of Responses:
1. The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities and Exchange Act of 1934, as amended.
2. Includes 13.933 shares acquired through a dividend reinvestment plan.
3. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
4. 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.
5. 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.
6. 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-Fact11/06/2026
** Signature of Reporting PersonDate
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)

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