X0306 4 2023-02-25 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001106860 STOOPS JEFFREY C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 1 1 0 0 Chief Executive Officer & Pres Class A Common Stock 2023-02-25 4 M 0 3256 0.00 A 246065.26 D Class A Common Stock 2023-02-25 4 M 0 19536 0.00 A 265601.26 D Class A Common Stock 2023-02-25 4 M 0 9035.4 0.00 A 274636.66 D Class A Common Stock 2023-02-25 4 F 0 11864.512 257.82 D 262772.148 D Class A Common Stock 83668 I By LLC Class A Common Stock 259863 I By Limited Partnership Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 137601 137601 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 149446 149446 D Restricted Stock Units Class A Common Stock 3488 3488 D Restricted Stock Units 2023-02-25 4 M 0 3256 D Class A Common Stock 3256 0 D Performance Restricted Stock Units 2023-02-25 4 M 0 9768 D Class A Common Stock 9768 0 D Performance Restricted Stock Units 2023-02-25 4 M 0 9768 D Class A Common Stock 9768 0 D Restricted Stock Units Class A Common Stock 6746 6746 D Performance Restricted Stock Units Class A Common Stock 10118 10118 D Performance Restricted Stock Units Class A Common Stock 10118 10118 D Restricted Stock Units Class A Common Stock 8894 8894 D Performance Restricted Stock Units Class A Common Stock 8894 8894 D Performance Restricted Stock Units Class A Common Stock 8894 8894 D On February 25, 2023, 3,256 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable AFFO performance metric at 200%. Represents shares issued in connection with the vesting of performance restricted share units. The Compensation Committee of the Issuer's Board of Directors determined achievement of the applicable TSR performance metric at 92.5%. The remaining performance restricted stock units were forfeited. Shares withheld for payment of tax liability. These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein. These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein. These options are fully vested and exercisable. These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020). Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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 or decrease based on the results of the performance condition. These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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 or decrease based on the results of the performance condition. These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021). These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, 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 or decrease based on the results of the performance condition. These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, 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 or decrease based on the results of the performance condition. These restricted stock units vest in accordance with the following schedule: 2,964 vest on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022). These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% 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 or decrease based on the results of the performance condition. These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% 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 or decrease based on the results of the performance condition. /s/ Joshua Koenig, Attorney-in-Fact 2023-02-28