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[8-K] SBA Communications Corp Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Business First Bancshares, Inc. (BFST) has submitted a Form 144 notice covering a planned sale of 5,164 common shares via Morgan Stanley Smith Barney on or about 04 Aug 2025. The stock originated from six restricted-stock grants received between 2021-2025. At the filing’s stated aggregate market value of $119,186, the implied sale price is roughly $23.07 per share.

The block equals just 0.017 % of the company’s 29.7 million shares outstanding, indicating negligible dilution or ownership impact. No other insider sales were reported in the preceding three months, and the filer certifies awareness of no undisclosed material information. The document contains no operational or financial performance data and does not identify the seller’s remaining stake.

Business First Bancshares, Inc. (BFST) ha presentato un avviso Form 144 relativo a una vendita pianificata di 5.164 azioni ordinarie tramite Morgan Stanley Smith Barney intorno al 04 ago 2025. Le azioni provengono da sei concessioni di azioni vincolate ricevute tra il 2021 e il 2025. Al valore di mercato aggregato dichiarato nel deposito di 119.186 $, il prezzo di vendita implicito è di circa 23,07 $ per azione.

Il blocco rappresenta solo lo 0,017 % delle 29,7 milioni di azioni in circolazione della società, indicando un impatto trascurabile su diluizione o proprietà. Negli ultimi tre mesi non sono state segnalate altre vendite da parte di insider e il dichiarante certifica di non essere a conoscenza di informazioni materiali non divulgate. Il documento non contiene dati operativi o finanziari e non specifica la quota residua del venditore.

Business First Bancshares, Inc. (BFST) ha presentado un aviso Formulario 144 para una venta planificada de 5.164 acciones comunes a través de Morgan Stanley Smith Barney alrededor del 04 ago 2025. Las acciones provienen de seis concesiones de acciones restringidas recibidas entre 2021 y 2025. Con un valor de mercado agregado declarado en el archivo de 119.186 $, el precio de venta implícito es aproximadamente 23,07 $ por acción.

El bloque representa solo el 0,017 % de las 29,7 millones de acciones en circulación de la empresa, lo que indica un impacto insignificante en la dilución o propiedad. No se reportaron otras ventas de insiders en los tres meses anteriores y el declarante certifica no tener conocimiento de información material no divulgada. El documento no contiene datos operativos ni financieros y no identifica la participación restante del vendedor.

Business First Bancshares, Inc. (BFST)� 2025� 8� 4일경 Morgan Stanley Smith Barney� 통해 5,164� 보통� 매각 계획� 관� Form 144 공지� 제출했습니다. 해당 주식은 2021년부� 2025년까지 받은 6건의 제한 주식 부여에� 비롯되었습니�. 제출서에 명시� � 시장 가치는 119,186 달러이며, 암시� 매각 가격은 주당 � 23.07 달러입니�.

이번 매각 주식은 회사� 2,970� � 발행 주식 � 단지 0.017%� 해당하여 희석 또는 소유권에 미치� 영향� 미미함을 나타냅니�. 최근 3개월� 다른 내부� 매각은 보고되지 않았으며, 제출자는 공개되지 않은 중대� 정보� 인지하지 못하� 있음� 인증합니�. 문서에는 운영 또는 재무 성과 데이터가 포함되어 있지 않으�, 판매자의 남은 지분도 명시하지 않습니다.

Business First Bancshares, Inc. (BFST) a soumis un avis Formulaire 144 concernant une vente prévue de 5 164 actions ordinaires via Morgan Stanley Smith Barney aux alentours du 04 août 2025. Les actions proviennent de six attributions d’actions restreintes reçues entre 2021 et 2025. À la valeur marchande agrégée déclarée dans le dépôt de 119 186 $, le prix de vente implicite est d’environ 23,07 $ par action.

Ce bloc représente seulement 0,017 % des 29,7 millions d’actions en circulation de la société, indiquant un impact négligeable sur la dilution ou la propriété. Aucune autre vente d’initiés n’a été signalée au cours des trois mois précédents, et le déclarant certifie ne pas avoir connaissance d’informations matérielles non divulguées. Le document ne contient aucune donnée opérationnelle ou financière et n’identifie pas la participation restante du vendeur.

Business First Bancshares, Inc. (BFST) hat eine Form 144-Mitteilung eingereicht, die einen geplanten Verkauf von 5.164 Stammaktien über Morgan Stanley Smith Barney etwa am 04. Aug. 2025 abdeckt. Die Aktien stammen aus sechs Restricted-Stock-Zuteilungen, die zwischen 2021 und 2025 erhalten wurden. Beim angegebenen Gesamtmarktwert von 119.186 $ entspricht der implizite Verkaufspreis etwa 23,07 $ pro Aktie.

Das Paket entspricht nur 0,017 % der 29,7 Millionen ausstehenden Aktien des Unternehmens, was auf eine vernachlässigbare Verwässerung oder Eigentumsauswirkung hinweist. In den vorangegangenen drei Monaten wurden keine weiteren Insiderverkäufe gemeldet, und der Einreicher bestätigt, keine nicht offengelegten wesentlichen Informationen zu kennen. Das Dokument enthält keine operativen oder finanziellen Leistungsdaten und gibt keinen Hinweis auf den verbleibenden Anteil des Verkäufers.

Positive
  • None.
Negative
  • Insider intends to sell shares, which can be perceived negatively for sentiment even though the amount is immaterial.

Insights

TL;DR: Small insider sale (0.017 % float)—immaterial to BFST fundamentals; sentiment slightly negative but overall neutral impact.

The Form 144 discloses an intended sale worth roughly $119k. Scale is de-minimis relative to BFST’s market capitalization, so it should not alter valuation metrics or liquidity. Still, insider selling—especially of recently vested restricted stock—can be interpreted as modestly bearish on near-term price. Absence of other sales and the Rule 144 attestation reduce concern. Overall, I view this as a routine, non-material filing.

TL;DR: Filing meets compliance; sale volume trivial; governance risk minimal.

The notice follows proper Rule 144 procedures, providing full acquisition history and broker details. Seller’s representation of no undisclosed adverse information mitigates governance worries. Because the shares stem from equity compensation and the stake is tiny, I classify the event as standard insider liquidity rather than a strategic exit. Investors should monitor future filings for pattern shifts, but this single action is not impactful.

Business First Bancshares, Inc. (BFST) ha presentato un avviso Form 144 relativo a una vendita pianificata di 5.164 azioni ordinarie tramite Morgan Stanley Smith Barney intorno al 04 ago 2025. Le azioni provengono da sei concessioni di azioni vincolate ricevute tra il 2021 e il 2025. Al valore di mercato aggregato dichiarato nel deposito di 119.186 $, il prezzo di vendita implicito è di circa 23,07 $ per azione.

Il blocco rappresenta solo lo 0,017 % delle 29,7 milioni di azioni in circolazione della società, indicando un impatto trascurabile su diluizione o proprietà. Negli ultimi tre mesi non sono state segnalate altre vendite da parte di insider e il dichiarante certifica di non essere a conoscenza di informazioni materiali non divulgate. Il documento non contiene dati operativi o finanziari e non specifica la quota residua del venditore.

Business First Bancshares, Inc. (BFST) ha presentado un aviso Formulario 144 para una venta planificada de 5.164 acciones comunes a través de Morgan Stanley Smith Barney alrededor del 04 ago 2025. Las acciones provienen de seis concesiones de acciones restringidas recibidas entre 2021 y 2025. Con un valor de mercado agregado declarado en el archivo de 119.186 $, el precio de venta implícito es aproximadamente 23,07 $ por acción.

El bloque representa solo el 0,017 % de las 29,7 millones de acciones en circulación de la empresa, lo que indica un impacto insignificante en la dilución o propiedad. No se reportaron otras ventas de insiders en los tres meses anteriores y el declarante certifica no tener conocimiento de información material no divulgada. El documento no contiene datos operativos ni financieros y no identifica la participación restante del vendedor.

Business First Bancshares, Inc. (BFST)� 2025� 8� 4일경 Morgan Stanley Smith Barney� 통해 5,164� 보통� 매각 계획� 관� Form 144 공지� 제출했습니다. 해당 주식은 2021년부� 2025년까지 받은 6건의 제한 주식 부여에� 비롯되었습니�. 제출서에 명시� � 시장 가치는 119,186 달러이며, 암시� 매각 가격은 주당 � 23.07 달러입니�.

이번 매각 주식은 회사� 2,970� � 발행 주식 � 단지 0.017%� 해당하여 희석 또는 소유권에 미치� 영향� 미미함을 나타냅니�. 최근 3개월� 다른 내부� 매각은 보고되지 않았으며, 제출자는 공개되지 않은 중대� 정보� 인지하지 못하� 있음� 인증합니�. 문서에는 운영 또는 재무 성과 데이터가 포함되어 있지 않으�, 판매자의 남은 지분도 명시하지 않습니다.

Business First Bancshares, Inc. (BFST) a soumis un avis Formulaire 144 concernant une vente prévue de 5 164 actions ordinaires via Morgan Stanley Smith Barney aux alentours du 04 août 2025. Les actions proviennent de six attributions d’actions restreintes reçues entre 2021 et 2025. À la valeur marchande agrégée déclarée dans le dépôt de 119 186 $, le prix de vente implicite est d’environ 23,07 $ par action.

Ce bloc représente seulement 0,017 % des 29,7 millions d’actions en circulation de la société, indiquant un impact négligeable sur la dilution ou la propriété. Aucune autre vente d’initiés n’a été signalée au cours des trois mois précédents, et le déclarant certifie ne pas avoir connaissance d’informations matérielles non divulguées. Le document ne contient aucune donnée opérationnelle ou financière et n’identifie pas la participation restante du vendeur.

Business First Bancshares, Inc. (BFST) hat eine Form 144-Mitteilung eingereicht, die einen geplanten Verkauf von 5.164 Stammaktien über Morgan Stanley Smith Barney etwa am 04. Aug. 2025 abdeckt. Die Aktien stammen aus sechs Restricted-Stock-Zuteilungen, die zwischen 2021 und 2025 erhalten wurden. Beim angegebenen Gesamtmarktwert von 119.186 $ entspricht der implizite Verkaufspreis etwa 23,07 $ pro Aktie.

Das Paket entspricht nur 0,017 % der 29,7 Millionen ausstehenden Aktien des Unternehmens, was auf eine vernachlässigbare Verwässerung oder Eigentumsauswirkung hinweist. In den vorangegangenen drei Monaten wurden keine weiteren Insiderverkäufe gemeldet, und der Einreicher bestätigt, keine nicht offengelegten wesentlichen Informationen zu kennen. Das Dokument enthält keine operativen oder finanziellen Leistungsdaten und gibt keinen Hinweis auf den verbleibenden Anteil des Verkäufers.

SBA COMMUNICATIONS CORP false 0001034054 0001034054 2025-08-04 2025-08-04
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) August 4, 2025

 

 

SBA Communications Corporation

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Florida   001-16853   65-0716501

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

8051 Congress Avenue

Boca Raton, FL

  33487
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (561) 995-7670

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange

on which registered

Class A Common Stock, $0.01 par value per share   SBAC   The NASDAQ Stock Market LLC
(NASDAQ Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 2.02

Results of Operations and Financial Condition.

On August 4, 2025, SBA Communications Corporation issued a press release announcing its financial and operational results for the second quarter ended June 30, 2025, updating its full year 2025 guidance, and announcing its quarterly dividend. A copy of the press release is furnished as Exhibit 99.1.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits

As described in Item 2.02 of this Current Report on Form 8-K, the following exhibits are furnished as part of this Current Report.

 

Exhibit

 No. 

  

Description

99.1    Press release issued by SBA Communications Corporation on August 4, 2025.
104    Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

SBA COMMUNICATIONS CORPORATION
By:  

/s/ Marc Montagner

  Marc Montagner
  Executive Vice President and Chief Financial Officer

Date: August 4, 2025

FAQ

How many BFST shares are being sold under this Form 144?

The filing covers 5,164 common shares of Business First Bancshares.

What is the estimated value of the planned BFST share sale?

The aggregate market value stated is $119,186.15.

When is the anticipated sale date for the BFST shares?

The approximate sale date disclosed is August 4, 2025.

What percentage of BFST’s shares outstanding does this sale represent?

Only about 0.017 % of the 29,694,986 shares outstanding.

Which broker is handling the insider sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.
Sba Communications Corp

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