SBA COMMUNICATIONS CORP 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer Purchases of Equity Securities The following table presents information related to our repurchases of Class A common stock during the third quarter of 2020: Total Total Number of Shares Approximate Dollar Value Number Average Purchased as Part of of Shares that May Yet Be of Shares Price Paid Publicly Announced Purchased Under the Period Purchased Per Share Plans or Programs (1) Plans or Programs 7/1/2020 - 7/31/2020 — $ — — $ 424,306,994 8/1/2020 - 8/31/2020 328,495 $ 302.20 328,495 $ 325,036,390 9/1/2020 - 9/30/2020 251,895 $ 303.20 251,895 $ 248,661,081 Total 580,390 $ 302.63 580,390 $ 248,661,081 (1) On November 2, 2020, our Board of Directors authorized a new $1.0 billion stock repurchase plan, replacing the prior plan authorized on July 29, 2019 which had a remaining authorization of $124.3 million. As of the date of this filing, we had the full $1.0 billion of authorization remaining under the new plan. This new plan authorizes us to purchase, from time to time, outstanding Class A common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act, and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements, and other factors. Once authorized, the repurchase plan has no time deadline and will continue until otherwise modified or terminated by our Board of Directors at any time in its sole discretion. Shares repurchased are retired.