Donald Day - Aug 1, 2024 Form 3 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: EVP - SITE LEASING
Signature: /s/ Joshua Koenig, Attorney-in-Fact
Stock symbol: SBAC
Transactions as of: Aug 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 8/7/2024, 06:15 PM
Next filing: Sep 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SBAC	Class A Common Stock						5K	Aug 1, 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SBAC	Stock Options (Right to Buy)							Aug 1, 2024	Class A Common Stock	3.82K	$156.50	Direct	F1
holding	SBAC	Stock Options (Right to Buy)							Aug 1, 2024	Class A Common Stock	5.74K	$182.30	Direct	F1
holding	SBAC	Restricted Stock Units							Aug 1, 2024	Class A Common Stock	233		Direct	F2, F3
holding	SBAC	Performance Restricted Stock Units							Aug 1, 2024	Class A Common Stock	698		Direct	F4, F5
holding	SBAC	Performance Restricted Stock Units							Aug 1, 2024	Class A Common Stock	698		Direct	F5, F6
holding	SBAC	Restricted Stock Units							Aug 1, 2024	Class A Common Stock	540		Direct	F3, F7
holding	SBAC	Performance Restricted Stock Units							Aug 1, 2024	Class A Common Stock	809		Direct	F5, F8
holding	SBAC	Performance Restricted Stock Units							Aug 1, 2024	Class A Common Stock	809		Direct	F5, F9
holding	SBAC	Restricted Stock Units							Aug 1, 2024	Class A Common Stock	1.67K		Direct	F3, F10
holding	SBAC	Performance Restricted Stock Units							Aug 1, 2024	Class A Common Stock	1.67K		Direct	F5, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These stock options are fully vested and exercisable.
F2	These restricted stock units vest in accordance with the following schedule: 232 vested on the first anniversary of the grant date and 233 vested on the second anniversary and 233 vests on the third anniversary of the grant date (March 4, 2022).
F3	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4	These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F5	Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F7	These restricted stock units vest in accordance with the following schedule: 269 vested on the first anniversary of the grant date and 270 vest on the second and third anniversaries of the grant date (March 6, 2023).
F8	These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F9	These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
F10	These restricted stock units vest in accordance with the following schedule: 555 vest on the first through third anniversaries of the grant date (March 6, 2024).
F11	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.