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sellWeak

Jack Langer sold $1.2M of SBAC

director at SBA COMMUNICATIONS CORP. 5,000 shares at an average of $240.59, traded May 1, 2025, filed May 5, 2025.

Warning score
35
Value
$1.2M
5,000 shares
Holdings after
10,522
-32% from before
From 52-week low
+26%
low $185.18, close $232.46
From 52-week high
-3%
high $238.43, as of May 1, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $1.2M at market
    +25
  • Share of holdings sold
    Sold 32% of holdings
    +10
  • Cluster
    No other insider selling within 14 days
    0
  • 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 -4.2%, 3m -4.3%, 6m -19.2%.

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 May 5, 2025: -21.9%SPY +40.4% · excess -62.3%

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 0001415889-25-012025, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 1, 2025MOption exercise
Class A Common Stock
+175--7,886May 5, 2025
May 1, 2025MOption exercise
Class A Common Stock
+248--8,134May 5, 2025
May 1, 2025MOption exercise
Class A Common Stock
+302--8,436May 5, 2025
May 1, 2025FTax withholding
Class A Common Stock
-268$243.40$65k8,168May 5, 2025
May 1, 2025SOpen-market sale
Class A Common Stockindirect: By Trust
-3,500$240.17$841k12,022May 5, 2025
May 1, 2025SOpen-market sale
Class A Common Stockindirect: By Trust
-1,359$241.50$328k10,663May 5, 2025
May 1, 2025SOpen-market sale
Class A Common Stockindirect: By Trust
-141$242.12$34k10,522May 5, 2025
May 1, 2025MOption exercise
Restricted Stock Unitsderivative
-175--0May 5, 2025
May 1, 2025MOption exercise
Restricted Stock Unitsderivative
-248--248May 5, 2025
May 1, 2025MOption exercise
Restricted Stock Unitsderivative
-302--604May 5, 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%
36Weak
SBACsell 2
SBA COMMUNICATIONS CORP
Joshua Koenig
EXECUTIVE VP/GENERAL COUNSEL
$495k
2,209 shares
-27%
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%
27Weak
SBACsell
SBA COMMUNICATIONS CORP
Mary S Chan
director
$431k
1,977 shares
-30%
60Notable
SBACsell 4
SBA COMMUNICATIONS CORP
Brian D Lazarus
SVP & Chief Accounting Officer
$5.1M
20,605 shares
-74%
50Moderate
SBACsell 3
SBA COMMUNICATIONS CORP
Jason Silberstein V
EVP - Site Leasing
$4.2M
16,465 shares
-36%
75Notable
SBACsell 6
SBA COMMUNICATIONS CORP
Steven E Bernstein
director, other
$13M
53,376 shares
-52%
45Moderate
SBACsell 6
SBA COMMUNICATIONS CORP
Mark R Ciarfella
EVP - Operations
$1.2M
5,000 shares
-15%

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.

Jack Langer sold $1.2M of SBAC | InsiderTell