Jack Langer (SBAC) logs RSU vesting, tax withholding and retains 1,501 options

Q: What insider transactions did SBA Communications (SBAC) director Jack Langer report?

Jack Langer reported restricted stock units vesting into 881 shares of Class A Common Stock on May 1, 2026 , plus a related tax-withholding share disposition. These are routine equity compensation events rather than open-market purchases or sales.

Q: Was there an open-market sale by Jack Langer in this SBA Communications (SBAC) filing?

No open-market sale is shown. The filing reports 325.968 shares withheld at $221.20 per share to pay tax liabilities on vested restricted stock units, which is classified as a tax-withholding disposition , not a discretionary market sale.

Q: What stock options does Jack Langer still hold in SBA Communications (SBAC)?

Langer retains fully vested stock options covering 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share. According to the filing, these options are fully exercisable and expire on May 16, 2026 .

Q: How are trust-held SBA Communications (SBAC) shares attributed in Jack Langer’s Form 4?

The filing notes 10,630.910 shares held by The Jack Langer 2012 Irrevocable Family Trust for estate planning. The trustee is his spouse, and Langer disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SBA Communications director Jack Langer reported routine equity compensation activity on May 1, 2026. Several blocks of restricted stock units vested and were settled into a total of 881 shares of Class A Common Stock (331, 302 and 248 shares), reflected as derivative exercises.

To cover taxes on this vesting, 325.968 shares were withheld at $221.20 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Langer directly holds 8,699.223 Class A shares and has indirect exposure to 10,630.910 shares held by The Jack Langer 2012 Irrevocable Family Trust, for which he disclaims beneficial ownership except for any pecuniary interest. He also retains fully vested stock options to acquire 1,501 shares at an exercise price of $212.31 per share, expiring on May 16, 2026.

Insider Trade Summary

881 shares exercised/converted

Mixed 9 txns

Insider LANGER JACK

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	248	$0.00	--
Exercise	Restricted Stock Units	302	$0.00	--
Exercise	Restricted Stock Units	331	$0.00	--
Exercise	Class A Common Stock	248	$0.00	--
Exercise	Class A Common Stock	302	$0.00	--
Exercise	Class A Common Stock	331	$0.00	--
Tax Withholding	Class A Common Stock	325.968	$221.20	$72K
holding	Stock Options (Right to Buy)	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 8,392.191 shares (Direct, null); Stock Options (Right to Buy) — 1,501 shares (Direct, null); Class A Common Stock — 10,630.91 shares (Indirect, By Trust)

Footnotes (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. Includes shares acquired since the last Form 4 pursuant to a dividend reinvestment plan which is exempt under Rule 16a-11. On May 1, 2026, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock. On May 1, 2026, 331 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock. Shares withheld for the payment of tax liability. The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, 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: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vested on May 1, 2026. 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. 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 Tax-withholding shares: 325.968 shares at $221.20 Direct holdings after: 8,699.223 shares +3 more

6 metrics

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

Tax-withholding shares 325.968 shares at $221.20 Shares withheld to pay tax liability on May 1, 2026

Direct holdings after 8,699.223 shares Class A Common Stock held directly following transactions

Indirect trust holdings 10,630.910 shares Shares held by The Jack Langer 2012 Irrevocable Family Trust

Remaining options 1,501 shares at $212.31 Fully vested stock options, expiring May 16, 2026

RSU vesting blocks 331, 302, 248 units Individual RSU tranches settled into Class A shares on May 1, 2026

Key Terms

Restricted Stock Units, tax-withholding disposition, Rule 16a-11, pecuniary interest, +1 more

5 terms

Restricted Stock Units financial

"Restricted Stock Units vest and each unit represents a contingent right to receive one share of 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.

tax-withholding disposition financial

"Shares withheld for the payment of tax liability are reported as a tax-withholding disposition."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Rule 16a-11 regulatory

"Includes shares acquired since the last Form 4 pursuant to a dividend reinvestment plan which is exempt under Rule 16a-11."

pecuniary interest financial

"The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."

fully vested and exercisable financial

"These options are fully vested and exercisable according to the filing footnote."

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 06:30 PM

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^*

LANGER JACK

(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⁾	8,392.191⁽²⁾	D
Class A Common Stock	05/01/2026		M		302	A	⁽³⁾	8,694.191	D
Class A Common Stock	05/01/2026		M		331	A	⁽⁴⁾	9,025.191	D
Class A Common Stock	05/01/2026		F		325.968⁽⁵⁾	D	$221.2	8,699.223	D
Class A Common Stock								10,630.91⁽²⁾	I	By Trust⁽⁶⁾

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)	$212.31							⁽⁷⁾	05/16/2026	Class A Common Stock	1,501		1,501	D
Restricted Stock Units	⁽⁸⁾	05/01/2026		M			248	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	248	⁽¹⁾	0	D
Restricted Stock Units	⁽⁸⁾	05/01/2026		M			302	⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	302	⁽³⁾	302	D
Restricted Stock Units	⁽⁸⁾	05/01/2026		M			331	⁽¹¹⁾	⁽¹¹⁾	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 shares acquired since the last Form 4 pursuant to a dividend reinvestment plan which is exempt under Rule 16a-11.

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. Shares withheld for the payment of tax liability.

6. The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

7. These options are fully vested and exercisable.

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

9. 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.

10. 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.

11. 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

FAQ

What insider transactions did SBA Communications (SBAC) director Jack Langer report?

Jack Langer reported restricted stock units vesting into 881 shares of Class A Common Stock on May 1, 2026, plus a related tax-withholding share disposition. These are routine equity compensation events rather than open-market purchases or sales.

How many SBA Communications (SBAC) shares does Jack Langer hold after this Form 4?

After the reported transactions, Jack Langer directly holds 8,699.223 shares of SBA Communications Class A Common Stock. He is also associated with 10,630.910 shares held by a family trust, where he disclaims beneficial ownership except for any pecuniary interest.

Was there an open-market sale by Jack Langer in this SBA Communications (SBAC) filing?

No open-market sale is shown. The filing reports 325.968 shares withheld at $221.20 per share to pay tax liabilities on vested restricted stock units, which is classified as a tax-withholding disposition, not a discretionary market sale.

What restricted stock unit activity did Jack Langer report for SBA Communications (SBAC)?

Multiple restricted stock unit blocks vested and settled into Class A shares: 331 units, 302 units, and 248 units. Each unit converts into one share, so these derivative exercises collectively added 881 shares of SBA Communications stock to his direct holdings.

What stock options does Jack Langer still hold in SBA Communications (SBAC)?

Langer retains fully vested stock options covering 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share. According to the filing, these options are fully exercisable and expire on May 16, 2026.

How are trust-held SBA Communications (SBAC) shares attributed in Jack Langer’s Form 4?

The filing notes 10,630.910 shares held by The Jack Langer 2012 Irrevocable Family Trust for estate planning. The trustee is his spouse, and Langer disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.