SBA COMMUNICATIONS CORP — Director's Dealing 2023

May 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2023-05-25

Reporting Person: BOWEN LAURIE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-25	Stock Options (Right to Buy)	$224.24	A	10000	Acquired	2033-05-25	Class A Common Stock (10000)	Direct
2023-05-25	Restricted Stock Units	$	A	743	Acquired		Class A Common Stock (743)	Direct

Footnotes

F1: These options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (May 25, 2023).

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: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.