SBA Communications director awarded 1,108 RSUs

LANGER JACK reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

LANGER JACK reported acquisition or exercise transactions in this Form 4 filing.

SBA Communications director Jack Langer reported an equity award and updated holdings. He received a grant of 1,108 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock. This grant is compensation-related rather than an open-market trade.

After this update, Langer holds 8,704.223 Class A Common shares directly and 10,630.910 shares indirectly through The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes, where the trustee is his spouse and he disclaims beneficial ownership except for his pecuniary interest. He also has existing RSU awards, including blocks of 302 and 663 units, with vesting schedules that extend from May 1, 2026 through May 1, 2029.

Insider Trade Summary

Grant/Award: 1,108 shares

Grant/Award 5 txns

Insider LANGER JACK

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,108	$0.00	$0.00
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,073 contracts for 965 underlying shares (Direct); Class A Common Stock — 8,704.223 shares (Direct); Class A Common Stock — 10,630.91 shares (Indirect, By Trust)

Footnotes (5)

1. F1. 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.
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 1, 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

RSU grant: 1,108 units Direct shares held: 8,704.223 shares Indirect trust shares: 10,630.910 shares +4 more

7 metrics

RSU grant 1,108 units Restricted Stock Units granted to Jack Langer

Direct shares held 8,704.223 shares Class A Common Stock, direct ownership after reported transactions

Indirect trust shares 10,630.910 shares Held by The Jack Langer 2012 Irrevocable Family Trust

RSUs outstanding grant 1 663 units Restricted Stock Units with underlying Class A Common Stock

RSUs outstanding grant 2 302 units Restricted Stock Units with underlying Class A Common Stock

RSU vesting tranche 302 units Vested on May 1, 2025 under one RSU schedule

Future vesting tranche 370 units RSUs scheduled to vest on May 1, 2029

Key Terms

Restricted Stock Units, pecuniary interest, Irrevocable Family Trust, beneficial ownership, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock 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.

pecuniary interest financial

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

Irrevocable Family Trust financial

"The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes."

beneficial ownership financial

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

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

contingent right financial

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

FAQ

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

What did SBA Communications (SBAC) director Jack Langer report in this Form 4?

Jack Langer reported a grant of 1,108 Restricted Stock Units as equity compensation and updated his existing stock and RSU holdings. The filing shows both his direct share ownership and indirect holdings through a family trust.

How many Restricted Stock Units did SBAC director Jack Langer receive?

He received 1,108 Restricted Stock Units, each convertible into one share of Class A Common Stock. This grant is recorded at a price of $0.0000 per unit, reflecting a compensation award rather than a market purchase.

What are Jack Langer’s direct share holdings in SBA Communications (SBAC) after this filing?

Following the reported transactions, Jack Langer directly holds 8,704.223 shares of SBA Communications Class A Common Stock. This direct position is in addition to his various RSU awards and separate indirect holdings through a family trust.

What indirect SBA Communications (SBAC) holdings does Jack Langer have through a trust?

The filing shows 10,630.910 Class A Common shares held by The Jack Langer 2012 Irrevocable Family Trust. The trustee is his spouse, and he disclaims beneficial ownership except for his pecuniary interest in these trust-held shares.

How do Jack Langer’s existing RSU awards in SBAC vest over time?

Existing RSUs vest in scheduled tranches: one grant has 302 units vesting on May 1, 2026 and May 1, 2027, while another vests 331 units on May 1, 2027 and 2028 and 332 on May 1, 2028. Additional tranches extend to May 1, 2029.

Does this SBAC Form 4 show Jack Langer buying or selling shares on the market?

The filing does not show open-market buying or selling. It primarily records a compensation-related grant of 1,108 Restricted Stock Units and updates of his existing stock and RSU positions, plus indirect holdings via a family trust.

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

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

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)
05/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								8,704.223	D
Class A Common Stock								10,630.91	I	By Trust(1)

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)	05/22/2026		A		1,108		(5)	(5)	Class A Common Stock	1,108	$0	1,108	D

Explanation of Responses:

1. 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.

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)