SBA COMMUNICATIONS CORP — Director's Dealing 2023

Nov 29, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2023-11-27

Reporting Person: KOENIG JOSHUA (Executive VP/General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-27	Class A Common Stock	S	1275	$238.50	Disposed	5181.313	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (2724)	2724	Direct
Stock Options (Right to Buy)	$182.30	2026-03-06	Class A Common Stock (9121)	9121	Direct
Restricted Stock Units	$		Class A Common Stock (229)	229	Direct
Performance Restricted Stock Units	$		Class A Common Stock (687)	687	Direct
Performance Restricted Stock Units	$		Class A Common Stock (687)	687	Direct
Restricted Stock Units	$		Class A Common Stock (431)	431	Direct
Performance Restricted Stock Units	$		Class A Common Stock (646)	646	Direct
Performance Restricted Stock Units	$		Class A Common Stock (646)	646	Direct
Restricted Stock Units	$		Class A Common Stock (1965)	1965	Direct
Performance Restricted Stock Units	$		Class A Common Stock (1965)	1965	Direct
Performance Restricted Stock Units	$		Class A Common Stock (1965)	1965	Direct

Footnotes

F1: These options are immediately exercisable.

F2: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F3: These restricted stock units vest in accordance with the following schedule: 229 vest on the first through third anniversaries of the grant date (March 4, 2021).

F4: Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F5: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.

F6: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.

F7: These restricted stock units vest in accordance with the following schedule: 215 vest on the first and second anniversaries of the grant date and 216 vest on the third anniversary of the grant date (March 4, 2022).

F8: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.

F9: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.

F10: These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6, 2023).

F11: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.

F12: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.