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sellNotable cluster of 4

Brian D Lazarus sold $5.1M of SBAC

SVP & Chief Accounting Officer at SBA COMMUNICATIONS CORP. 20,605 shares at an average of $249.35, traded Dec 13, 2023, filed Dec 15, 2023.

Warning score
60
Value
$5.1M
20,605 shares
Holdings after
7,085
-74% from before
From 52-week low
+31%
low $178.02, close $233.96
From 52-week high
-18%
high $286.33, as of Dec 13, 2023

Score components

  • Role
    Officer
    +15
  • Trade size
    $5.1M at market
    +25
  • Share of holdings sold
    Sold 74% of holdings
    +20
  • Cluster
    4 insiders selling within 14 days
    +15
  • 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.

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 Dec 15, 2023: -22.1%SPY +71.2% · excess -93.4%

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 0001209191-23-058869, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 13, 2023MOption exercise
Class A Common Stock
+20,605$156.50$3.2M27,690Dec 15, 2023
Dec 13, 2023SOpen-market sale
Class A Common Stock
-13,890$248.77$3.5M13,800Dec 15, 2023
Dec 13, 2023SOpen-market sale
Class A Common Stock
-3,915$250.12$979k9,885Dec 15, 2023
Dec 13, 2023SOpen-market sale
Class A Common Stock
-2,800$251.17$703k7,085Dec 15, 2023
Dec 13, 2023MOption exercise
Stock Options (Right to Buy)derivative
-20,605$0.00$00Dec 15, 2023

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%
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%
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.

Brian D Lazarus sold $5.1M of SBAC | InsiderTell