SBA COMMUNICATIONS CORP · Exercise / conversion · Class A Common Stock

What does this filing report?

An SEC Form 4 filing for SBA COMMUNICATIONS CORP records an exercise / conversion involving Class A Common Stock on December 5, 2025. The reported quantity was 215. The filing date is December 9, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

The reported transaction involved the early vesting of Restricted Stock Units and subsequent withholding of 215 shares of Class A Common Stock issuable upon such vesting to pay tax obligations associated with the Reporting Person being retirement eligible under the Issuer's equity program.

F2

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

F3

These restricted stock units vest in accordance with the following schedule: 714 vest on the first anniversary of the grant date and 715 vest on the second and third anniversary of the grant date (March 6, 2023).

F4

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

F5

The performance restricted 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.

F6

The performance restricted 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.

F7

These restricted stock units vest on the first through third anniversary of the grant date (March 6, 2024).

F8

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 6, 2027. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to decrease or increase (up to 200%) based on the results of the performance conditions.

F9

These restricted stock units will vest in accordance with the following schedule: 1,848 vest on the first and third anniversaries of the grant date and 1,849 vest on the second anniversary of the grant date (March 6, 2025).

F10

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 6, 2028. 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.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.