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SBA COMMUNICATIONS CORP Director's Dealing 2025

May 6, 2025

30276_dirs_2025-05-05_35a8167f-4e4f-4a03-8d80-3cee87d2f233.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2025-05-01

Reporting Person: BEEBE KEVIN L (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-05-01 Class A Common Stock M 175 Acquired 14747.1190 Direct
2025-05-01 Class A Common Stock M 248 Acquired 14995.1190 Direct
2025-05-01 Class A Common Stock M 302 Acquired 15297.1190 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-05-01 Restricted Stock Units $ M 175 Disposed Class A Common Stock (175) Direct
2025-05-01 Restricted Stock Units $ M 248 Disposed Class A Common Stock (248) Direct
2025-05-01 Restricted Stock Units $ M 302 Disposed Class A Common Stock (302) Direct

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

Footnotes

F1: On May 1, 2025, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

F2: On May 1, 2025, 248 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

F3: On May 1, 2025, 302 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

F4: These stock options are fully vested and exercisable.

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

F6: 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 vested on May 1, 2025.

F7: These restricted stock units vest in accordance with the following schedule: 247 vested on May 1, 2024; 248 vested on May 1, 2025; and 248 vest on May 1, 2026.

F8: These restricted stock units vest in accordance with the following schedule: 302 vested on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.