SBA COMMUNICATIONS CORP — Director's Dealing 2024

May 29, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2024-05-23

Reporting Person: BERNSTEIN STEVEN E (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-23	Restricted Stock Units	$	A	906	Acquired		Class A Common Stock (906)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	5508.9452	Direct
Class A Common Stock	56314	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$157.51	2025-05-17	Class A Common Stock (1411)	1411	Direct
Stock Options (Right to Buy)	$212.31	2026-05-16	Class A Common Stock (1501)	1501	Direct
Restricted Stock Units	$		Class A Common Stock (175)	175	Direct
Restricted Share Units	$		Class A Common Stock (496)	496	Direct

Footnotes

F1: These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.

F2: These options are fully vested and immediately exercisable.

F3: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F4: These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vested on May 1, 2024; and 175 vest on May 1, 2025.

F5: These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.

F6: These restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1 2027.