SBA Communications Corp Form 4 Filings

SBA Communications EVP – Site Leasing Donald Day reported equity compensation activity involving Class A Common Stock. On August 1, 2026, 457 restricted stock units were exercised into 457 shares, and 170.689 shares were withheld at $180.98 per share to satisfy tax liabilities. The filing’s Rule 10b5-1 checkbox was not marked, and Day continues to hold multiple restricted stock unit and performance restricted stock unit awards subject to future vesting and performance conditions.

SBA Communications director Steven E. Bernstein received a grant of 1,108 restricted stock units (RSUs), each representing a right to one share of Class A Common Stock. This award is compensation-related and carries a zero exercise price.

After this update, Bernstein holds 7,139.6962 Class A shares directly and 56,314 shares indirectly through Bernstein Limited Partnership II, where he disclaims beneficial ownership except for his pecuniary interest. He also has previously granted RSUs that vest in tranches from 2026 through 2029, further tying a portion of his compensation to future company performance.

SBA Communications Corp chairman and director Jeffrey Stoops reported updated equity holdings, including a new grant of 1,108 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock. These RSUs were acquired at an exercise price of $0.00 per unit as a compensation award.

After this filing, Stoops has 141,464.52 shares of Class A Common Stock held directly and 259,863 shares held indirectly through Calculated Risk Partners, L.P., a limited partnership whose general partner he and his spouse control. He disclaims beneficial ownership of the partnership shares except for his pecuniary interest. Direct RSU holdings include tranches of 663 and 302 units that vest between May 1, 2025 and May 1, 2028, and the newly granted 1,108 RSUs vest in equal installments of 369, 369, and 370 units on May 1 of 2027, 2028, and 2029, respectively. The filing does not report any open-market purchases or sales; it primarily reflects a compensation-related RSU award and updated totals of direct and indirect equity interests.

Wilson Amy E reported acquisition or exercise transactions in this Form 4 filing.

SBA Communications director Amy E. Wilson reported a compensation grant of 1,108 Restricted Stock Units, each representing one share of Class A Common Stock. After this award, she holds 1,701.759 Class A Common shares directly, multiple RSU tranches totaling several hundred shares, and 10,000 stock options exercisable at $224.24 per share expiring in 2033.

SBA Communications director Laurie Bowen reported updated equity holdings with a new compensation grant. On May 22, 2026, Bowen received 1,108 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock, at a conversion price of $0.00 per unit.

After this grant, Bowen directly holds 1,072.088 shares of Class A Common Stock and multiple RSU awards, along with stock options on 10,000 shares at an exercise price of $224.24 per share expiring on May 25, 2033. The RSU and option awards vest over several years, spreading potential share delivery between 2026 and 2029. No open-market buys or sells were reported in this filing.

SBA Communications director Jay LeCoryelle Johnson received an award of 1,108 Restricted Stock Units (RSUs) on Class A Common Stock. The RSUs carry a zero exercise price and each unit represents the right to receive one share of Class A Common Stock as they vest over time.

After this grant, Johnson reports direct holdings of 1,665.096 shares of Class A Common Stock, multiple RSU awards totaling 2,073 underlying shares, and 10,000 stock options with a $328.99 exercise price expiring in 2032. The filing reflects equity-based compensation and updated ownership, not open-market buying or selling.

SBA Communications director Mary S. Chan received a grant of 1,108 Restricted Stock Units (RSUs) for Class A Common Stock at an exercise price of $0.0000 per unit. Each RSU is a contingent right to one share. After this grant, she holds 6,421.5425 Class A Common shares directly, along with RSU awards covering 663, 302 and 1,108 underlying shares that vest in stages from 2025 through 2029.

SBA Communications director Kevin L. Beebe reported equity holdings and a new stock-based award. The Form 4 shows a grant of 1,108 Restricted Stock Units, each representing a contingent right to receive one share of Class A Common Stock at no exercise price. After this grant, Beebe’s reported direct holdings include 16,644.119 shares of Class A Common Stock and several RSU awards with different vesting schedules.

One RSU grant is scheduled so that 302 units vested on May 1, 2025, 302 vested on May 1, 2026, and 302 will vest on May 1, 2027. Another provides 331 units that vested on May 1, 2026, 331 vesting on May 1, 2027, and 332 vesting on May 1, 2028. The newly granted 1,108 RSUs vest in three annual installments of 369, 369, and 370 units on May 1 of 2027, 2028, and 2029, respectively, illustrating a multi‑year, service-based compensation structure.

Krouse George R Jr reported acquisition or exercise transactions in this Form 4 filing.

SBA Communications Corp director George R. Jr. Krouse reported updated equity holdings. On May 22, 2026, he received a grant of 1,108 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock at a stated price of 0.0000 per share.

These 1,108 RSUs vest in three installments of 369, 369 and 370 units on May 1, 2027, May 1, 2028 and May 1, 2029, respectively. The filing also shows he directly holds 8,811.636 shares of Class A Common Stock and has other RSU awards outstanding that vest in tranches of 302 and 331–332 units between 2025 and 2028.

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.

SBA Communications director George R. Krouse Jr. reported routine equity compensation activity. He exercised stock options to acquire 501 shares of Class A Common Stock at $212.31 per share, then 500 shares were withheld at $213.61 per share to cover tax liability and exercise price, rather than sold on the open market.

Following these transactions, he directly holds 8,811.636 shares of Class A Common Stock. He also holds restricted stock units representing 663 and 302 underlying shares, which vest in staged installments through 2028.

SBA Communications director Jack Langer reported routine equity compensation activity. He exercised stock options covering 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share and, in a separate related transaction, 1,496 shares were withheld at $213.61 per share to cover tax obligations and exercise costs, which is not an open-market sale.

After these transactions, he holds 8,704.223 Class A shares directly and 10,630.91 shares indirectly through The Jack Langer 2012 Irrevocable Family Trust, for which he disclaims beneficial ownership beyond any pecuniary interest. He also holds restricted stock units representing 663 and 302 underlying shares, vesting in tranches between May 1, 2025 and May 1, 2028.

SBA Communications Corp director Kevin L. Beebe reported routine equity compensation activity involving stock options, tax withholding, and restricted stock units. He exercised stock options for 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share, and 1,492 shares of Class A Common Stock were withheld at $213.61 per share to cover the exercise price and related tax liability. After these transactions, he directly held 16,644.119 shares of Class A Common Stock. He also holds restricted stock units representing 663 and 302 underlying shares of Class A Common Stock, which vest in tranches from May 1, 2025 through May 1, 2028, with each unit representing a contingent right to receive one share.

SBA Communications director Steven E. Bernstein reported routine equity compensation activity involving stock options, tax withholding, and existing holdings. He exercised stock options for 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share, increasing his direct share position. To cover the related tax liability and exercise price, 1,496 shares of Class A Common Stock were withheld at $213.61 per share, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, he holds about 7,139.6962 Class A shares directly and there are 56,314 Class A shares held indirectly by Bernstein Limited Partnership II, an entity associated with him, for which he disclaims beneficial ownership except to the extent of his pecuniary interest. He also has outstanding restricted stock units representing 663 and 302 underlying Class A shares that vest over several dates.

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.

SBA Communications director Steven E. Bernstein reported routine equity compensation activity involving restricted stock units and options. On May 1, 2026, a total of 881 restricted stock units were settled for an equal number of Class A Common Stock shares in three blocks of 248, 302, and 331 units, all at a stated price of $0.00 per unit.

Following these settlements, Bernstein directly holds about 7,134.6962 Class A shares, plus stock options that are fully vested and immediately exercisable for 1,501 shares at an exercise price of $212.31 per share, expiring on May 16, 2026. An additional 56,314 shares are held indirectly through Bernstein Limited Partnership II, where he has a pecuniary interest but disclaims full beneficial ownership.

SBA Communications director George R. Krouse Jr. reported routine equity compensation activity on May 1, 2026. Three blocks of restricted stock units for 248, 302, and 331 units were settled into the same number of Class A Common shares, for a total of 881 shares acquired.

To cover related tax obligations, 325.968 Class A Common shares were withheld, a non-market disposition labeled as payment of tax liability. After these transactions, Krouse directly owned 8,810.636 Class A Common shares.

The filing also shows fully vested stock options covering 501 underlying Class A Common shares, with an exercise price of $212.3100 per share and an expiration date of May 16, 2026.

SBA Communications Corp director Kevin L. Beebe increased his direct equity holdings through routine equity compensation vesting. On May 1, 2026, a total of 881 of his restricted stock units were settled for an equal number of shares of Class A Common Stock in three tranches of 331, 302 and 248 units.

Following these settlements, Beebe directly holds 16,635.119 shares of Class A Common Stock. He also holds fully vested and exercisable stock options linked to 1,501 shares of Class A Common Stock at an exercise price of $212.31 per share, expiring on May 16, 2026.

SBA Communications director Mary S. Chan reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 1, 2026, RSUs totaling 248, 302, and 331 units were settled into an equal number of Class A Common Stock shares as they vested on that date.

The company withheld 325.968 shares of Class A Common Stock at $221.20 per share to cover Chan’s tax liability, which is classified as a tax-withholding disposition rather than an open-market sale. Each RSU represents a contingent right to receive one share of Class A Common Stock, and the vesting schedules extend through May 1, 2028.

SBA Communications director Jay LeCoryelle Johnson reported routine equity compensation activity involving restricted stock units and related tax withholding. On May 1, 2026, a total of 881 restricted stock units vested and were settled for an equal number of Class A Common shares, in three blocks of 248, 302, and 331 units as described in the vesting footnotes.

To cover tax obligations on these settlements, 325.968 shares of Class A Common Stock were withheld at $221.20 per share, classified as a tax-withholding disposition rather than an open‑market sale. After these transactions, Johnson directly holds 1,665.096 Class A Common shares and also holds stock options giving the right to buy 10,000 Class A Common shares at an exercise price of $328.99 per share, expiring on March 28, 2032.

SBA Communications director Laurie Bowen reported compensation-related equity activity involving Class A Common Stock and equity awards. On May 1, 2026, 248, 302 and 331 of her restricted stock units were each settled for an equal number of Class A shares, totaling 881 shares, according to the footnotes.

The company withheld 325.968 shares at $221.20 per share to cover tax liabilities, leaving Bowen with 1,072.088 Class A shares held directly, including 11.985 shares from a dividend reinvestment plan. She also holds stock options to acquire 10,000 Class A shares at an exercise price of $224.24 per share, expiring on May 25, 2033, vesting in 2,000-share increments each year over five years.

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.

SBA Communications chairman and director Jeffrey Stoops reported routine equity compensation activity involving restricted stock units. On May 1, 2026, 302 and 331 of his restricted stock units were settled for an equal number of Class A Common Stock shares, reflecting derivative exercises rather than market purchases or sales. Following these transactions, he directly holds about 141,464.52 Class A Common Stock shares and continues to hold restricted stock units that vest in future years. Separately, 259,863 Class A Common Stock shares are owned indirectly through Calculated Risk Partners, L.P., a Delaware limited partnership, for which Stoops and his spouse control the general partner; he disclaims beneficial ownership of that stock except to the extent of his pecuniary interest.

SBA Communications director Mary S. Chan exercised stock options for 1,501 shares of Class A Common Stock at $212.31 per share. This converted fully vested options into common stock.

To cover tax obligations, 1,453 of those shares were withheld at $223.75 per share, leaving Chan with 5,866.5105 Class A shares held directly. She also holds several restricted stock unit awards, each representing one share of Class A Common Stock upon vesting, with remaining underlying amounts of 248, 604 and 994 shares that vest on various schedules through May 1, 2028.

SBA Communications president and CEO Brendan Thomas Cavanagh reported multiple equity award grants, vesting events, and related share dispositions. On March 5, 2026 he received 16,859 restricted stock units and 25,289 performance restricted stock units, each representing a contingent right to one share of Class A Common Stock.

On March 6, 2026 previously granted restricted stock units and performance restricted stock units vested, including PSUs awarded on March 6, 2023 that vested at 200% of target, making 8,670 shares of Class A Common Stock issuable. Several blocks of Class A Common Stock were disposed of at $195.69 per share to satisfy tax liabilities through share withholding, while Cavanagh’s direct Class A holdings changed through exercises and these tax-related dispositions.

The filing also notes additional indirect Class A holdings through Cavanagh Investments, LLC and Eagle SC LLC, with ownership interests held via family trusts and related entities.

SBA Communications EVP – Operations Mark R. Ciarfella reported multiple equity-compensation transactions in company securities. On March 5, 2026, he received grants of 6,717 restricted stock units and 6,716 performance restricted stock units, each representing a contingent right to one share of Class A Common Stock, with multi-year vesting and performance conditions.

On March 6, 2026, previously awarded restricted stock units and performance restricted stock units vested, including 2,144 performance units granted in 2023 that vested at 200% of target, making 4,288 shares of Class A Common Stock issuable. Several Class A Common Stock transactions coded “F” reflect shares delivered at $195.69 per share to cover exercise price or tax liabilities, and his direct Class A Common Stock holdings after these transactions were 42,820.9871 shares.

SBA Communications EVP and President – International Richard M. Cane reported multiple equity award grants, vestings, and related share conversions. On March 5, 2026, he received 6,717 restricted stock units and 6,716 performance restricted stock units, each representing a contingent right to receive one share of Class A Common Stock.

On March 6, 2026, previously granted restricted stock units and performance restricted stock units vested and were converted into Class A Common Stock, including a 2023 performance award of 2,081 PSUs that vested at 200% of target, making 4,162 shares issuable based on the performance condition. Several time-based restricted stock unit tranches of 694, 1,543, and 1,920 units also vested and converted into shares.

To cover tax liabilities, Cane had Class A Common Stock automatically withheld in multiple transactions coded “F,” totaling several hundred shares at a price of 195.6900 per share, as noted in the footnote that these shares were withheld for tax payment. After all transactions, he directly owned 12,404.064 shares of Class A Common Stock, which includes 238.733 shares acquired through a dividend reinvestment and employee stock purchase plan.

SBA Communications Executive VP and General Counsel Joshua Koenig reported multiple equity compensation events in Class A Common Stock and related units. On March 5, he received grants of 6,717 restricted stock units and 6,716 performance restricted stock units, each representing a contingent right to one share of Class A Common Stock.

Previously awarded performance restricted stock units from March 6, 2023 vested on March 6, 2026 at 200% of target, so 3,930 shares of Class A Common Stock became issuable. Other performance units were forfeited where minimum performance criteria were not met. Koenig also exercised or converted several restricted and performance units into Class A Common Stock and had shares withheld at $195.69 per share to cover tax liabilities. After these transactions, he held 10,725.639 Class A Common shares directly.

SBA Communications executive vice president and chief financial officer Marc Montagner reported several equity award transactions. On March 6, 2026, he acquired Class A Common Stock through exercises of restricted stock units and disposed of shares to cover tax liabilities at a reported price of $195.69 per share. Earlier, on March 5, 2026, he received grants of 8,561 restricted stock units and 8,561 performance restricted stock units, each representing the right to receive one Class A share, with multi‑year vesting and performance conditions that can adjust the number earned up to 200%.

SBA Communications EVP - Site Leasing Donald Day reported equity award activity and related tax withholding. On March 5, 2026, he was granted 5,005 restricted stock units and 5,005 performance restricted stock units, each representing a contingent right to one share of Class A Common Stock. On March 6, 2026, several previously granted RSU and PSU awards vested, including 809 performance RSUs from March 6, 2023 that vested at 200% of target, making 1,618 Class A shares issuable. The company withheld portions of the vested stock at $195.69 per share to cover tax liabilities. Following these exercises, conversions and withholdings, Day directly owned 9,706.031 shares of SBA Communications Class A Common Stock.

SBA Communications Corp officer Saul Kredi reported multiple equity award transactions in company stock. On March 5, 2026, he received a grant of 2,845 restricted stock units, each representing a contingent right to one share of Class A Common Stock.

On March 6, 2026, previously granted restricted and performance stock units vested and were converted into Class A Common Stock through several derivative exercises. Some shares were disposed of at $195.69 per share to cover tax liabilities, and a portion of performance units was forfeited based on performance results.

SBA Communications Corp director and chairman Jeffrey Stoops reported equity award vesting and related share movements. On March 6, 2026, 3,468 restricted stock units and 10,404 performance restricted stock units were exercised or converted into Class A Common Stock, including 20,808 shares from performance units that vested at 200% of target based on a three-year performance condition. To cover tax liabilities, 1,283.159 and 8,187.947 Class A shares were withheld at a price of $195.6900 per share, leaving 140,831.520 Class A shares held directly after the reported non-derivative transactions. Footnotes show additional restricted stock units with scheduled vesting dates and an indirect holding of 259,863 Class A shares through Calculated Risk Partners, L.P.

SBA Communications EVP – Site Leasing Donald Day exercised stock options for 5,739 shares of Class A Common Stock at an exercise price of $0.0000 per share, converting derivative awards into common stock.

On the same date, 5,367 shares at $203.12 per share were withheld to cover the option exercise price and tax liabilities, leaving him with 7,330.969 directly owned shares plus multiple restricted and performance stock unit awards scheduled to vest between 2026 and 2028.

SBA Communications Corp VP & Chief Accounting Officer Saul Kredi reported an option exercise and related share withholding in Class A common stock. On January 20, 2026, Kredi exercised 6,080 stock options at $182.30 per share, acquiring the same number of Class A common shares. On the same date, 5,873 shares were withheld to cover tax liability and exercise price at a value of $194.11 per share, leaving 6,049.67 Class A common shares directly owned, including a small amount acquired through a dividend reinvestment plan.

The filing also lists outstanding equity awards, including restricted stock units and performance restricted stock units, each representing a contingent right to receive one share of Class A common stock if the stated time-based or performance-based vesting conditions are satisfied.

SBA Communications executive Joshua Koenig, Executive VP and General Counsel, exercised stock options for 9,121 shares of Class A Common Stock at an exercise price of $182.30 per share on January 20, 2026. The option exercise (code M) converted his derivative position into common stock, after which he held 14,682.735 shares directly.

On the same date, 8,800 shares of Class A Common Stock (code F) were withheld at $194.11 per share to cover tax liability and the exercise price, leaving him with 5,882.735 directly owned shares.

Koenig also holds several equity incentive awards, including 655 restricted stock units from 2023 and additional RSU and performance RSU grants of 1,965 to 5,760 shares each. These vest between March 6, 2026 and March 6, 2028, with performance-based units earning between 0% and up to 200% of target based on multi-year financial performance metrics.

SBA Communications president and CEO Brendan Thomas Cavanagh reported an option exercise and related share withholding on January 20, 2026. He exercised 55,741 stock options for Class A Common Stock at an exercise price of $182.30 per share, receiving the same number of common shares. To cover tax liabilities and the exercise price, 53,792 shares of Class A Common Stock were withheld at $194.11 per share, leaving 51,941.113 Class A shares held directly afterward.

Cavanagh also reports indirect ownership of 19,055 Class A shares through Cavanagh Investments, LLC, for which he disclaims beneficial ownership except for his pecuniary interest, and 14,254 shares through Eagle SC LLC. In addition, he holds multiple equity awards, including restricted stock units and performance restricted stock units that each represent a right to receive one Class A share, with various three-year vesting and performance schedules extending to March 6, 2028.

SBA Communications chairman and director Jeffrey Stoops reported an option exercise and related share withholding in Class A Common Stock. On January 20, 2026, he exercised 149,446 stock options at an exercise price of $182.30 per share, receiving the same number of Class A Common shares and bringing his directly held balance to 269,648.626 shares.

On the same date, 143,622 shares were withheld at $194.11 per share to cover tax liability and exercise price, reducing his directly held Class A Common Stock to 126,026.626 shares. In addition, 259,863 shares of Class A Common Stock are held indirectly by Calculated Risk Partners, L.P., a limited partnership associated with him, and he also holds various restricted stock units and performance restricted stock units that may settle in additional shares over future vesting and performance periods.

SBA Communications Corporation director and chairman reported an equity gift and updated holdings. On 12/16/2025, the reporting person gifted 9,761 shares of Class A Common Stock to a non-profit foundation where he serves as President and one of two directors, in an exempt transaction under Rule 16b-5. The shares were transferred at a reported price of $0.

After this transaction, he beneficially owned 120,202.626 Class A shares directly and 259,863 Class A shares indirectly through Calculated Risk Partners, L.P., a Delaware limited partnership that he and his spouse control via its general partner, with beneficial ownership disclaimed except for his pecuniary interest. He also held 149,446 stock options with an exercise price of $182.3 per share, alongside several tranches of restricted stock units and performance restricted stock units linked to Class A Common Stock with vesting and performance schedules extending through March 6, 2026 and May 1, 2028.

SBA Communications (SBAC) insider transaction: The EVP–Chief Financial Officer reported RSU vesting and related tax withholding on 10/17/2025. An RSU conversion (code M) delivered 1,588 shares of Class A Common Stock at $0. To cover taxes, 624.878 shares were withheld at $197.42 (code F). Following these events, direct beneficial ownership stands at 3,320.45 shares.

Outstanding equity awards disclosed include time-based RSUs and performance RSUs with scheduled or performance-based vesting through March 6, 2027 and March 6, 2028, per the award terms.