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sellWeak cluster of 2

Joshua Koenig sold $495k of SBAC

EXECUTIVE VP/GENERAL COUNSEL at SBA COMMUNICATIONS CORP. 2,209 shares at an average of $224.18, traded Mar 7, 2025, filed Mar 10, 2025.

Warning score
36
Value
$495k
2,209 shares
Holdings after
6,079
-27% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Officer
    +15
  • Trade size
    $495k at market
    +18
  • Share of holdings sold
    Sold 27% of holdings
    +10
  • Cluster
    2 insiders selling within 14 days
    +8
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -5.2%, 3m +1.0%, 6m -13.6%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

SBACOct 9, 2026 · close 182.49
Since filing Mar 10, 2025: -15.5%SPY +41.5% · excess -57.1%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001415889-25-007587, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 6, 2025MOption exercise
Class A Common Stock
+655$0.00$07,648Mar 10, 2025
Mar 6, 2025FTax withholding
Class A Common Stock
-258$220.38$57k7,390Mar 10, 2025
Mar 6, 2025MOption exercise
Class A Common Stock
+1,480$0.00$08,870Mar 10, 2025
Mar 6, 2025FTax withholding
Class A Common Stock
-582$220.38$128k8,288Mar 10, 2025
Mar 7, 2025SOpen-market sale
Class A Common Stock
-2,209$224.18$495k6,079Mar 10, 2025
Mar 6, 2025MOption exercise
Restricted Stock Unitsderivative
-655$0.00$0655Mar 10, 2025
Mar 6, 2025MOption exercise
Restricted Stock Unitsderivative
-1,480$0.00$02,960Mar 10, 2025
Mar 6, 2025AGrant or award
Restricted Stock Unitsderivative
+5,760$0.00$05,760Mar 10, 2025
Mar 6, 2025AGrant or award
Performance Restricted Stock Unitsderivative
+5,760$0.00$05,760Mar 10, 2025

Related signals

Other insiders at SBA COMMUNICATIONS CORP and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
22Weak
SBACsell
SBA COMMUNICATIONS CORP
George R Krouse Jr
director
$55k
300 shares
-3%
35Weak
SBACsell
SBA COMMUNICATIONS CORP
Jack Langer
director
$1.2M
5,000 shares
-32%
27Weak
SBACsell 2
SBA COMMUNICATIONS CORP
Mary S Chan
director
$308k
1,411 shares
-22%
35Weak
SBACsell 2
SBA COMMUNICATIONS CORP
Donald Day
EVP - SITE LEASING
$472k
2,321 shares
-32%
30Weak
SBACsell 2
SBA COMMUNICATIONS CORP
Mark R Ciarfella
EVP - OPERATIONS
$795k
3,545 shares
-10%
68Notable
SBACsell 2
SBA COMMUNICATIONS CORP
Steven E Bernstein
director, other
$13M
53,376 shares
-52%
38Weak
SBACsell 2
SBA COMMUNICATIONS CORP
Mark R Ciarfella
EVP - Operations
$1.2M
5,000 shares
-15%
43Moderate
SBACsell 2
SBA COMMUNICATIONS CORP
Kevin L Beebe
director
$351k
1,500 shares
-10%
35Weak
SBACsell 2
SBA COMMUNICATIONS CORP
Mark R Ciarfella
EVP - Operations
$218k
1,000 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Joshua Koenig sold $495k of SBAC | InsiderTell