SBA COMMUNICATIONS CORP — Director's Dealing 2024

Mar 9, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2024-03-06

Reporting Person: Montagner Marc (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-06	Restricted Stock Units	$	A	6215	Acquired		Class A Common Stock (6215)	Direct
2024-03-06	Performance Restricted Stock Units	$	A	6215	Acquired		Class A Common Stock (6215)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	101.23	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (4764)	4764	Direct

Footnotes

F1: Represents an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.

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: 1,588 vest on the first through third anniversaries of the grant date (October 17, 2023).

F4: These restricted stock units vest in accordance with the following schedule: 2,072 vest on the first and second anniversaries and 2,071 vest on the third anniversary of the grant date (March 6, 2024).

F5: Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.

F6: These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. 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 decrease or increase (up to 200%) based on the results of the performance conditions.