Sec Form 4 Filing - DAY DONALD @ SBA COMMUNICATIONS CORP - 2025-03-04

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DAY DONALD 2. Issuer Name and Ticker or Trading Symbol SBA COMMUNICATIONS CORP [ SBAC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP - SITE LEASING (Last) (First) (Middle) C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 03/04/2025 (Street) BOCA RATON, FL33487 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 03/04/2025 M 233 A $ 0 5,239.208 ( 1 ) ( 2 ) D Class A Common Stock 03/04/2025 F 84.695 ( 3 ) D $ 221.51 5,154.513 D Class A Common Stock 03/04/2025 M 1,396 ( 4 ) A $ 0 6,550.513 D Class A Common Stock 03/04/2025 F 507.446 ( 3 ) D $ 221.51 6,043.067 D Class A Common Stock 03/04/2025 M 174.5 ( 5 ) A $ 0 6,217.567 D Class A Common Stock 03/04/2025 F 63.43 ( 3 ) D $ 221.51 6,154.137 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options (Right to Buy) $ 182.3 ( 6 ) 03/06/2026 Class A Common Stock 5,739 5,739 D Restricted Stock Units ( 7 ) 03/04/2025 M 233 ( 8 ) ( 8 ) Class A Common Stock 233 $ 0 0 D Performance Restricted Stock Units ( 9 ) 03/04/2025 M 698 ( 4 ) ( 10 ) ( 10 ) Class A Common Stock 698 $ 0 0 D Performance Restricted Stock Units ( 9 ) 03/04/2025 M 174.5 ( 5 ) ( 11 ) ( 11 ) Class A Common Stock 174.5 $ 0 0 D Restricted Stock Units ( 7 ) ( 12 ) ( 12 ) Class A Common Stock 540 540 D Performance Restricted Stock Units ( 9 ) ( 13 ) ( 13 ) Class A Common Stock 809 809 D Performance Restricted Stock Units ( 9 ) ( 14 ) ( 14 ) Class A Common Stock 809 809 D Restricted Stock Units ( 7 ) ( 15 ) ( 15 ) Class A Common Stock 1,665 1,665 D Performance Restricted Stock Units ( 9 ) ( 16 ) ( 16 ) Class A Common Stock 1,665 1,665 D Restricted Stock Units ( 7 ) ( 17 ) ( 17 ) Class A Common Stock 1,370 1,370 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DAY DONALD C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL33487 EVP - SITE LEASING Signatures /s/ Joshua Koenig, Attorney-in-Fact 03/06/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 7.588 shares acquired through a dividend reinvestment plan. ( 2 )Includes an aggregate of .58 shares acquired pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. ( 3 )Shares withheld for payment of tax liability. ( 4 )These performance restricted stock units (PSUs) were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. These PSUs vested at 200% of target based on the performance condition, such that 1,396 shares of Class A Common Stock vested. ( 5 )These PSUs were awarded on March 4, 2022 and were subject to increase or decrease based on the results of the performance condition. On March 4, 2025, these PSUs partially vested based on the results of the performance condition and resulted in 174.5 shares of Class A Common Stock being issued. ( 6 )These stock options are fully vested and exercisable. ( 7 )Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. ( 8 )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). ( 9 )Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. ( 10 )These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. ( 11 )These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2025. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. ( 12 )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). ( 13 )These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. ( 14 )These performance restricted stock units have a three-year performance period and to the extent earned vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition. ( 15 )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). ( 16 )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 subject to decrease or increase (up to 200%) based on the results of the performance conditions. ( 17 )These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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