WAVEMAN · COMPANY

SBAC · Sba Communications Corp

LIVE

TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475

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SBAC

Name: SBA COMMUNICATIONS CORP (SBAC) insider trading and ownership data
Creator: WaveMan
License: https://wave-man.com/terms

SBA COMMUNICATIONS CORP

INVESTMENT VEHICLES · REAL ESTATE INVESTMENT TRUSTS · CIK 0001034054

CONGRESS · 2FORM 144 · 1☆ WATCH

INSIDER NET · 180D

-$54.8K

open-market buys minus sells, Form 4 codes P and S

INSIDER BUYERS · 180D

CONGRESS BUYERS · 1Y

FUNDS ADDED · QTR

346

13F, latest reported quarter

REVENUE GROWTH

+59.9%

XBRL, annual

NET MARGIN

430.9%

CONVERSIONS · 180D

codes C/M, not in net · $1.4M priced

SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST

INSIDERS

net -$54.8K over 180 days

-$54.8K over 90 days

below 52% of Investment Vehicles

CONGRESS

2 members bought in the last year

more than 88% of Investment Vehicles

FUNDS

346 funds added or opened last quarter

more than 95% of Investment Vehicles

REVENUE

+59.9% year over year

more than 93% of Investment Vehicles

MARGIN

430.9% net margin

more than 93% of Investment Vehicles

BUYBACKS

$2.2M repurchased, FY to 2026-06-30

below 73% of Investment Vehicles

SHORT

no short interest reported

THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET

346 funds added or opened positions in the latest 13F quarter, of 686 holders.

2 members of Congress reported buying it this year.

The year, with the filings on it

Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail

TOTAL 12M RETURN -6.0%

-6.0%12M

INSIDER SELLFORM 144

INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY

Live price

Daily candles from TradingView, on their licence — no filings are marked on this one

WHY THIS NAME IS ON THE DESK

Insiders have filed to sell — before selling.

The record shows a net $54.8K sold by insiders over 180 days, 346 funds added last quarter, 2 Congress member(s) bought in 12 months, $54.8K in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.

Backtest this pattern Open the screener

Same sector, ranked by filing activity

Sector from the SEC's own SIC classification

TPL EQIX BRT ACR IRM NYC IDCC SPG MDV MDRR DLB AAT

Insider transactions

Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, SBA COMMUNICATIONS CORP insiders sold a net $54.8K of stock across 89 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER

FILED

VALUE

Krouse George R Jr

Director

SELL

2026-08-17

300.0

$54.8K

LANGER JACK

Director

SELL

2025-05-01

141.0

$34.1K

LANGER JACK

Director

SELL

2025-05-01

1,359.0

$328.2K

LANGER JACK

Director

SELL

2025-05-01

3,500.0

$840.6K

KOENIG JOSHUA

EXECUTIVE VP/GENERAL COUNSEL

SELL

2025-03-07

2,209.0

$495.2K

89 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 84 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders

13F · holdings as of the latest quarter funds have reported

Dodge & Cox

12,323,254.0 sh

$2.2B

BlackRock, Inc.

10,138,749.0 sh

$1.8B

VANGUARD PORTFOLIO MANAGEMENT LLC

9,817,059.0 sh

$1.7B

VANGUARD CAPITAL MANAGEMENT LLC

6,936,972.0 sh

$1.2B

STATE STREET CORP

5,119,264.0 sh

$903.3M

SCHEDULE 13D/G

No 5%+ ownership filings

Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.

Planned sales · Form 144

Filed before the sale — intent, not a trade

GEORGE R. KROUSE JR

FILED 2026-08-17

$54.8K

Fund concentration

N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show

First Trust Alerian Disruptive Technology Real Estate ETF

$1.0M POSITION · AS OF 2026-03-31

6.7%

iShares U.S. Digital Infrastructure and Real Estate ETF

$10.3M POSITION · AS OF 2026-03-31

6.2%

Pacer Data & Infrastructure Real Estate ETF

$19.2M POSITION · AS OF 2026-04-30

4.9%

Global X Data Center & Digital Infrastructure ETF

$54.2M POSITION · AS OF 2026-02-28

4.5%

DIAMOND HILL LARGE CAP CONCENTRATED ETF

$3.2M POSITION · AS OF 2026-03-31

4.4%

Motley Fool Mid-Cap Growth ETF

$5.6M POSITION · AS OF 2026-02-28

4.3%

SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK

Fundamentals

Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all

	2025-12	2024-12	2023-12	2022-12
REVENUE	$244.5M	$152.9M	$194.6M	$296.9M
GROSS PROFIT	$2.1B	$2.1B	$2.1B	$2.0B
OPERATING INCOME	$1.3B	$1.4B	$923.7M	$925.4M
NET INCOME	$1.1B	$749.5M	$501.8M	$461.4M
EPS (DILUTED)	9.80	6.94	4.61	4.22
OPERATING CASH FLOW	$1.3B	$1.3B	$1.5B	$1.3B
CASH	$264.6M	$189.8M	$208.5M	$143.7M
LONG-TERM DEBT	$11.0B	$12.4B	$11.7B	$12.8B
BUYBACKS	$497.8M	$200.0M	$100.0M	$431.7M
DIVIDENDS PAID	$479.0M	$424.2M	$370.0M	$306.8M

SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE