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.
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