Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Oct 17, 2025
Reporting period
Not applicable
Filed with the SEC
Oct 27, 2025
CFOOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001456823-25-000006
Filed / recorded
Oct 27, 2025, 10:39 PM UTC
Added to OQRO
Oct 2, 2026, 12:28 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
SBA COMMUNICATIONS CORP
Issuer CIK
1034054
Ticker
SBAC
Reporting person
Marc Montagner
Relationship
Officer
Officer title
EVP - CHIEF FINANCIAL OFFICER
Security
Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Oct 17, 2025
Transaction code
M
Shares / units
1,588
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
1,588
Ownership form
Direct
Amendment
No
Footnotes from the filing
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
These restricted stock units vest in accordance with the following schedule: 1,588 vested on each of the first and second anniversaries and 1,588 vests on the third anniversary of the grant date (October 17, 2023).