Form 4 for SBAC SBA Communications
Accepted 2026-03-09 00:00:00 ET · period of report 2026-03-05 · accession 0001957644-26-000005 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2026-03-09 | 2026-03-06 | SBAC | KOENIG JOSHUA | GC, EXECUTIVE VP | M - OptEx | $0.00 | +7,985 | 10.1K | +370% | $0 |
| DM | 2026-03-09 | 2026-03-06 | SBAC | KOENIG JOSHUA | GC, EXECUTIVE VP | F - Tax | $195.69 | -3,142 | 10.7K | -23% | -$614.9K |
| DM | 2026-03-09 | 2026-03-05 | SBAC | KOENIG JOSHUA | GC, EXECUTIVE VP | A - Grant | $0.00 | +13.4K | 6,716 | New | $0 |
| DM | 2026-03-09 | 2026-03-06 | SBAC | KOENIG JOSHUA | GC, EXECUTIVE VP | M - OptEx | $0.00 | -6,020 | 0 | -100% | $0 |
| D | 2026-03-09 | 2026-03-06 | SBAC | KOENIG JOSHUA | GC, EXECUTIVE VP | D - Sale to Iss | $0.00 | -1,965 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2026-03-06 | M | A | 655 | $0.00 | 6,537.74 | D | — | — | |
| 2 | Common | Class A Common Stock | 2026-03-06 | F | D | 582.38 | $195.69 | 9,561.16 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 3 | Common | Class A Common Stock | 2026-03-06 | F | D | 257.74 | $195.69 | 6,279.99 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 4 | Common | Class A Common Stock | 2026-03-06 | M | A | 3,930 | $0.00 | 10,209.99 | D | — | — | (F2) As previously reported on a Form 4, the Reporting Person was awarded 1,965 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 3,930 shares of Class A Common Stock became issuable to the Reporting Person. |
| 5 | Common | Class A Common Stock | 2026-03-06 | M | A | 1,920 | $0.00 | 11,481.16 | D | — | — | |
| 6 | Common | Class A Common Stock | 2026-03-06 | F | D | 1,546.46 | $195.69 | 8,663.54 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 7 | Common | Class A Common Stock | 2026-03-06 | M | A | 1,480 | $0.00 | 10,143.54 | D | — | — | |
| 8 | Common | Class A Common Stock | 2026-03-06 | F | D | 755.52 | $195.69 | 10,725.64 | D | — | — | (F1) Shares withheld for payment of tax liability. |
| 9 | Derivative | Restricted Stock Units | 2026-03-05 | A | A | 6,717 | $0.00 | 6,717 | D | — · — to — | 6,717 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F13) These restricted stock units vest in accordance with the following schedule: 2,239 vest on the first through third anniversaries of the grant date (March 5, 2026). |
| 10 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 1,920 | $0.00 | 3,840 | D | — · — to — | 1,920 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F11) These restricted stock units vest in accordance with the following schedule: 1,920 vested on the first anniversary and 1,920 vest on the second and third anniversaries of the grant date (March 6, 2025). |
| 11 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 1,480 | $0.00 | 1,480 | D | — · — to — | 1,480 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F9) These restricted stock units vest in accordance with the following schedule: 1,480 vested on the first anniversary and 1,480 vest on the second and third anniversaries of the grant date (March 6, 2024). |
| 12 | Derivative | Performance Restricted Stock Units | 2026-03-06 | D | D | 1,965 | $0.00 | 0 | D | — · — to — | 1,965 Class A Common Stock | (F7) The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met. (F5) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F8) These performance stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition. |
| 13 | Derivative | Performance Restricted Stock Units | 2026-03-06 | M | D | 1,965 | $0.00 | 0 | D | — · — to — | 1,965 Class A Common Stock | (F5) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F6) These performance stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition. |
| 14 | Derivative | Restricted Stock Units | 2026-03-06 | M | D | 655 | $0.00 | 0 | D | — · — to — | 655 Class A Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F4) These restricted stock units vest in accordance with the following schedule: 655 vested on the first through third anniversaries of the grant date (March 6,2023). |
| 15 | Derivative | Performance Restricted Stock Units | 2026-03-05 | A | A | 6,716 | $0.00 | 6,716 | D | — · — to — | 6,716 Class A Common Stock | (F5) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F14) These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 5, 2029. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions. |