Johnson Jay LeCoryelle 4

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.