SBAC SEC Filing News — SBA Communications Corporation

Latest SEC filings for SBA Communications Corporation (SBAC) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-09-25.

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2025, we owned 46,328 towers, …
Sector: Real Estate Industry: REIT - Specialty Market Cap: $19.4B
20
Total Filings
0
Bullish Classifications
1
Bearish Classifications
12
Insider Transactions
6
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for SBAC currently lean bearish. Of the 20 filing records displayed, 1 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 0 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
SBAC Filing Activity Snapshot 2026-05-15 — 2026-09-25
Insider Transactions (Form 4)
0 buys vs 1 sell
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$54.8K
Krouse George R Jr (Director) · 2026-08-19
300 shares · Form 4
Form 144 Notices
1
Proposed insider sale filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 12 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for SBA Communications Corporation.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 12 insider filings shown, the breakdown is 9 compensation award, 2 option exercise and 1 open-market sale. 1 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Compensation award ×9
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Option exercise ×2
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Open-market sale ×1
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Form 4 Open-market sale Insider Selling 2026-08-19

SBAC insider Krouse George R Jr (Director) sold 300 shares (~$54.8K)

Krouse George R Jr, listed as Director at SBA COMMUNICATIONS CORP, reported an open-market sale of 300 SBAC shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 300 $182.67 $54.8K
Filing: Form 4 (Insider Transaction) Insider: Krouse George R Jr (Director) Shares: 300 Est. Value: $54.8K
Form 4 Option exercise Tax / Compensation Filing 2026-08-04

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

DAY DONALD (EVP - SITE LEASING) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 457 — —
F Tax withholding on vested shares 170 $180.98 $30.8K
M Option exercise derivative · Restricted Stock Units 457 — —
Filing: Form 4 (Insider Transaction) Insider: DAY DONALD (EVP - SITE LEASING) Shares: 627
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

BERNSTEIN STEVEN E (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: BERNSTEIN STEVEN E (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

STOOPS JEFFREY (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: STOOPS JEFFREY (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

Wilson Amy E (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: Wilson Amy E (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

BOWEN LAURIE (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: BOWEN LAURIE (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

Johnson Jay LeCoryelle (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: Johnson Jay LeCoryelle (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

Chan Mary S (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: Chan Mary S (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

BEEBE KEVIN L (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: BEEBE KEVIN L (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

Krouse George R Jr (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: Krouse George R Jr (Director)
Form 4 Compensation award Tax / Compensation Filing 2026-05-27

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

LANGER JACK (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Stock Units 1,108 — —
Filing: Form 4 (Insider Transaction) Insider: LANGER JACK (Director)
Form 4 Option exercise Tax / Compensation Filing 2026-05-15

SBAC insider Form 4 filed for equity award, exercise, or tax withholding

Krouse George R Jr (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 501 $212.31 $106.4K
F Tax withholding on vested shares 500 $213.61 $106.8K
M Option exercise derivative · Stock Options (Right to Buy) 501 — —
Filing: Form 4 (Insider Transaction) Insider: Krouse George R Jr (Director) Shares: 1,001
Proposed Insider Sales 1 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. SBA Communications Corporation has 1 such notice in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Proposed Insider Sale 2026-08-17

SBAC Form 144 filed for proposed insider sale by GEORGE R. KROUSE JR (300 shares) ~$54.8K

GEORGE R. KROUSE JR filed a Form 144 with the SEC indicating intent to sell SBAC (SBA COMMUNICATIONS CORP) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: GEORGE R. KROUSE JR Shares: 300 Est. Value: $54.8K
Material Events 6 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There are 6 in this period for SBA Communications Corporation. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-09-25

SBAC filed 8-K — material company event

SBA COMMUNICATIONS CORP filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-08-03

SBAC filed 8-K — material company event

SBA COMMUNICATIONS CORP filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-07-24

SBAC filed 8-K — material company event

SBA COMMUNICATIONS CORP filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-07-23

SBAC filed 8-K — material company event

SBA COMMUNICATIONS CORP filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-07-15

SBAC filed 8-K — material company event

SBA COMMUNICATIONS CORP filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-05-22

SBAC filed 8-K — material company event

SBA COMMUNICATIONS CORP filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for SBA Communications Corporation.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-08-06

SBAC filed Quarterly Report (10-Q)

SBA COMMUNICATIONS CORP filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)

How we classify SBA Communications Corporation's filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on SBAC. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — SBAC SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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