Johnson Jay LeCoryelle 4

4 · SBA COMMUNICATIONS CORP · Filed May 27, 2026

AI-generated summary of this filing

Updated May 27, 2026

SBA Communications Director Jay LeCoryelle Johnson Receives 1,108 RSUs

What Happened

Jay LeCoryelle Johnson (listed in the filing as Johnson Jay LeCoryelle), a director of SBA Communications Corp. (SBAC), was granted 1,108 derivative shares on May 22, 2026. The Form 4 reports these as an award/acquisition (code A) of restricted stock units (RSUs) at $0.00 per unit. This is an award (acquisition) rather than a purchase or sale.

Key Details

Transaction date: 2026-05-22; reported on Form 4 filed 2026-05-27 (filed late—see note below).
Transaction type/code: Award/Grant (A); derivative RSUs (each RSU = right to one share) per footnote F2.
Shares/units granted: 1,108 RSUs at $0.00 reported price.
Vesting schedule for this grant: per footnote F5 — 369 RSUs vest on May 1, 2027; 369 on May 1, 2028; and 370 on May 1, 2029.
Shares owned after transaction: not disclosed in the filing.
Filing timeliness: The trade date was May 22, 2026 and the Form 4 was filed May 27, 2026 — this misses the typical two-business-day filing window and is therefore late.

Context

These are restricted stock units (derivative awards) that convert into actual shares only as they vest; they are not immediately tradable shares. The reported $0.00 price reflects that this was an awarded grant (not an open-market purchase) — economic value will depend on SBA Communications’ stock price at vesting and tax treatment at delivery.

Form 4

Period: 2026-05-22

Director

Transactions

Award
Restricted Stock Units
[F2][F5]
2026-05-22+1,108→ 1,108 total
→ Class A Common Stock (1,108 underlying)

Holdings

Class A Common Stock
1,665.096
Stock Options (Right to Buy)
[F1]
Exercise: $328.99Exp: 2032-03-28→ Class A Common Stock (10,000 underlying)
10,000
Restricted Stock Units
[F2][F3]
→ Class A Common Stock (302 underlying)
302
Restricted Stock Units
[F2][F4]
→ Class A Common Stock (663 underlying)
663

Footnotes (5)

[F1]These options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (March 28, 2022).
[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: 302 vested on May 1, 2025; 302 vested on May 1, 2026; and 302 vest on May 1, 2027.
[F4]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: 369 vest on May 1, 2027; 369 vest on May 1, 2028; and 370 vest on May 1, 2029.

Signature

/s/ Joshua Westerman, as Attorney-in-Fact|2026-05-27

1 file