SBA COMMUNICATIONS CORP (SBAC) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-05-13 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: SBA COMMUNICATIONS CORP (SBAC) CIK: 0001034054 --- Reporting Owner --- Name: Krouse George R Jr CIK: 0001473955 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-05-13 | Code: M (Exercise of derivative) Shares: +501 | Price: $212.31 Total Value: $106,367.31 Shares Owned After: 9,311.636 | Ownership: D (Direct) [Transaction #2] Security: Class A Common Stock Date: 2026-05-13 | Code: F (Payment of exercise/tax) Shares: -500 | Price: $213.61 Total Value: $106,805.00 Shares Owned After: 8,811.636 | Ownership: D (Direct) Footnotes: [F1] Shares withheld for payment of tax liability and exercise price. --- Derivative Transactions --- [Transaction #1] Security: Stock Options (Right to Buy) Date: 2026-05-13 | Code: M (Exercise of derivative) Shares: -501 | Price: $0.00 Exercisable: N/A | Expires: 2026-05-16 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F2] These stock options are fully vested and exercisable. --- Holdings --- [Holding #1] Security: Restricted Stock Units Ownership: D (Direct) Footnotes: [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: 302 vested on May 1, 2025; 302 vested on May 2026; and 302 vest on May 1, 2027. [F4] These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vested on May 2026; and 302 vest on May 1, 2027. [Holding #2] Security: Restricted Stock Units Ownership: D (Direct) Footnotes: [F3] Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. [F5] 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. [F5] 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. --- Footnotes (Complete Index) --- F1: Shares withheld for payment of tax liability and exercise price. F2: These stock options are fully vested and exercisable. 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: 302 vested on May 1, 2025; 302 vested on May 2026; and 302 vest on May 1, 2027. F5: 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. --- Signature --- /s/ /s/ Joshua Westerman, Attorney-in-Fact (2026-05-15)