What the executives and directors of SBA Communications actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| STOOPS JEFFREY Chief Executive Officer & Pres | CEO | 161.6K | — | — |
| BERNSTEIN STEVEN E | Director | 65K | — | — |
| Cavanagh Brendan Thomas PRESIDENT AND CEO | CEO | 53.4K | — | — |
| SILBERSTEIN JASON V EVP - SITE LEASING | Officer | 51.5K | — | — |
| Ciarfella Mark R EVP - OPERATIONS | Officer | 38.3K | — | — |
| LANGER JACK | Director | 22.2K | — | — |
| Lazarus Brian D SVP & CHIEF ACCOUNTING OFFICER | Officer | 21.5K | — | — |
| BEEBE KEVIN L | Director | 18.1K | — | — |
| DAY DONALD EVP - SITE LEASING | Officer | 10.2K | — | — |
| Krouse George R Jr | Director | 9,312 | — | — |
| CANE RICHARD M EVP; PRES. - INTERNATIONAL | Officer | 7,305 | — | — |
| KOENIG JOSHUA EXECUTIVE VP/GENERAL COUNSEL | Officer | 6,538 | — | — |
| KREDI SAUL VP & Chief Accounting Officer | Officer | 6,197 | — | — |
| Chan Mary S | Director | 6,115 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2025-05-01 | LANGER JACK (Director) | Discretionary sale | 141 | $242.12 | $34K |
| 2025-05-01 | LANGER JACK (Director) | Discretionary sale | 1,359 | $241.50 | $328K |
| 2025-05-01 | LANGER JACK (Director) | Discretionary sale | 3,500 | $240.17 | $841K |
| 2025-03-07 | KOENIG JOSHUA (Officer) | Discretionary sale | 2,209 | $224.18 | $495K |
| 2025-02-28 | Chan Mary S (Director) | Discretionary sale | 1,411 | $218.07 | $308K |
| 2024-12-20 | DAY DONALD (Officer) | Discretionary sale | 2,321 | $203.43 | $472K |
| 2024-12-09 | Ciarfella Mark R (Officer) | Discretionary sale | 3,545 | $224.33 | $795K |
| 2024-09-13 | DAY DONALD (Officer) | Discretionary sale | 1,500 | $242.86 | $364K |
| 2024-08-21 | Krouse George R Jr (Director) | Discretionary sale | 325 | $219.58 | $71K |
| 2024-08-01 | STOOPS JEFFREY (Director) | Discretionary sale | 1,865 | $222.66 | $415K |
| 2024-08-01 | STOOPS JEFFREY (Director) | Discretionary sale | 47.9K | $221.98 | $10.6M |
| 2024-03-05 | Chan Mary S (Director) | Discretionary sale | 1,977 | $217.99 | $431K |
| 2023-12-14 | SILBERSTEIN JASON V (Officer) | Discretionary sale | 353 | $257.02 | $91K |
| 2023-12-14 | SILBERSTEIN JASON V (Officer) | Discretionary sale | 2,868 | $254.55 | $730K |
| 2023-12-14 | SILBERSTEIN JASON V (Officer) | Discretionary sale | 3,283 | $256.41 | $842K |
| 2023-12-14 | SILBERSTEIN JASON V (Officer) | Discretionary sale | 9,961 | $255.33 | $2.5M |
| 2023-12-13 | Lazarus Brian D (Officer) | Discretionary sale | 2,800 | $251.17 | $703K |
| 2023-12-13 | Lazarus Brian D (Officer) | Discretionary sale | 3,915 | $250.12 | $979K |
| 2023-12-13 | Lazarus Brian D (Officer) | Discretionary sale | 13.9K | $248.77 | $3.5M |
| 2023-12-06 | BERNSTEIN STEVEN E (Director) | Discretionary sale | 7,300 | $253.89 | $1.9M |
| 2023-12-05 | BERNSTEIN STEVEN E (Director) | Discretionary sale | 93 | $250.59 | $23K |
| 2023-12-05 | BERNSTEIN STEVEN E (Director) | Discretionary sale | 46K | $250.10 | $11.5M |
| 2023-11-29 | Ciarfella Mark R (Officer) | Discretionary sale | 5,000 | $245.05 | $1.2M |
| 2023-11-27 | STOOPS JEFFREY (CEO) | Discretionary sale | 9,043 | $237.96 | $2.2M |
| 2023-11-27 | STOOPS JEFFREY (CEO) | Discretionary sale | 11.4K | $238.99 | $2.7M |
| 2023-11-27 | STOOPS JEFFREY (CEO) | Discretionary sale | 17.4K | $237.24 | $4.1M |
| 2023-11-27 | KOENIG JOSHUA (Officer) | Discretionary sale | 1,275 | $238.50 | $304K |
| 2023-11-20 | Krouse George R Jr (Director) | Discretionary sale | 500 | $234.43 | $117K |
| 2023-11-15 | STOOPS JEFFREY (CEO) | Discretionary sale | 13.1K | $234.38 | $3.1M |
| 2023-11-15 | STOOPS JEFFREY (CEO) | Discretionary sale | 32.6K | $233.80 | $7.6M |
| 2023-11-14 | STOOPS JEFFREY (CEO) | Discretionary sale | 3,246 | $232.00 | $753K |
| 2023-11-14 | STOOPS JEFFREY (CEO) | Discretionary sale | 28.8K | $230.77 | $6.6M |
| 2023-11-14 | STOOPS JEFFREY (CEO) | Discretionary sale | 46.9K | $233.06 | $10.9M |
| 2023-11-14 | BEEBE KEVIN L (Director) | Discretionary sale | 1,500 | $233.83 | $351K |
| 2023-11-10 | STOOPS JEFFREY (CEO) | Discretionary sale | 35K | $218.46 | $7.6M |
| 2023-11-10 | Ciarfella Mark R (Officer) | Discretionary sale | 1,000 | $217.62 | $218K |
| 2023-08-11 | Krouse George R Jr (Director) | Discretionary sale | 371 | $229.30 | $85K |
| 2022-08-15 | Ciarfella Mark R (Officer) | Discretionary sale | 8,213 | $355.50 | $2.9M |
| 2022-08-10 | SILBERSTEIN JASON V (Officer) | Discretionary sale | 400 | $351.00 | $140K |
| 2022-08-10 | SILBERSTEIN JASON V (Officer) | Discretionary sale | 16.1K | $350.37 | $5.6M |
| 2022-08-09 | STOOPS JEFFREY (CEO) | Discretionary sale | 6,700 | $346.38 | $2.3M |
| 2022-08-09 | STOOPS JEFFREY (CEO) | Discretionary sale | 7,600 | $347.38 | $2.6M |
| 2022-08-09 | STOOPS JEFFREY (CEO) | Discretionary sale | 51.7K | $345.19 | $17.8M |
| 2022-08-08 | STOOPS JEFFREY (CEO) | Discretionary sale | 22.6K | $345.09 | $7.8M |
| 2022-08-05 | Ciarfella Mark R (Officer) | Discretionary sale | 5,760 | $343.94 | $2M |
| 2022-08-04 | COCROFT DUNCAN (Director) | Discretionary sale | 1 | $346.26 | $267 |
| 2022-08-04 | COCROFT DUNCAN (Director) | Discretionary sale | 1,151 | $344.50 | $397K |
| 2022-08-04 | Krouse George R Jr (Director) | Discretionary sale | 391 | $344.98 | $135K |
| 2022-06-07 | Ciarfella Mark R (Officer) | Discretionary sale | 1,000 | $338.05 | $338K |
| 2022-05-24 | STOOPS JEFFREY (CEO) | Discretionary sale | 2,560 | $343.13 | $878K |
| 2022-05-24 | STOOPS JEFFREY (CEO) | Discretionary sale | 9,402 | $344.64 | $3.2M |
| 2022-05-24 | STOOPS JEFFREY (CEO) | Discretionary sale | 18K | $343.90 | $6.2M |
| 2022-05-03 | BEEBE KEVIN L (Director) | Discretionary sale | 1,889 | $347.72 | $657K |
| 2022-03-09 | BAGWELL KURT L (Officer) | Discretionary sale | 3,757 | $330.00 | $1.2M |
| 2022-03-08 | Krouse George R Jr (Director) | Discretionary sale | 500 | $328.88 | $164K |
| 2021-12-15 | (Officer) | Discretionary sale | 409 | $366.60 | $150K |
| 2021-12-15 | (Officer) | Discretionary sale | 678 | $365.52 | $248K |
| 2021-12-15 | Ciarfella Mark R (Officer) | Discretionary sale | 3,000 | $370.00 | $1.1M |
| 2021-12-13 | Ciarfella Mark R (Officer) | Discretionary sale | 3,000 | $365.67 | $1.1M |
| 2021-11-19 | Krouse George R Jr (Director) | Discretionary sale | 1,000 | $350.00 | $350K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.