<SEC-DOCUMENT>0001968582-23-000709.txt : 20231127
<SEC-HEADER>0001968582-23-000709.hdr.sgml : 20231127
<ACCEPTANCE-DATETIME>20231127184638
ACCESSION NUMBER:		0001968582-23-000709
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231127
DATE AS OF CHANGE:		20231127

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SBA COMMUNICATIONS CORP
		CENTRAL INDEX KEY:			0001034054
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				650716501
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-16853
		FILM NUMBER:		231441533

	BUSINESS ADDRESS:	
		STREET 1:		8051 CONGRESS AVENUE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33487
		BUSINESS PHONE:		5612269345

	MAIL ADDRESS:	
		STREET 1:		8051 CONGRESS AVENUE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33487

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STOOPS JEFFREY
		CENTRAL INDEX KEY:			0001106860

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		SBA COMMUNICATIONS CORP
		STREET 2:		ONE TOWN CENTER ROAD THIRD FLOOR
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33486
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
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  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001106860</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001034054</issuerCik>
      <issuerName>SBA Communications Corporation</issuerName>
      <secFileNumber>001-16853</secFileNumber>
      <issuerAddress>
        <com:street1>8051 Congress Avenue</com:street1>
        <com:city>Boca Raton</com:city>
        <com:stateOrCountry>FL</com:stateOrCountry>
        <com:zipCode>33487</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>561-995-7670</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Calculated Risk SBA Holdings, LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Affiliate</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>J.P. Morgan Securities LLC</name>
        <address>
          <com:street1>390 Madison Avenue - 6th Floor</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10017</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>37889</noOfUnitsSold>
      <aggregateMarketValue>9015253</aggregateMarketValue>
      <noOfUnitsOutstanding>107890000</noOfUnitsOutstanding>
      <approxSaleDate>11/27/2023</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <acquiredDate>01/14/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>12506</amountOfSecuritiesAcquired>
      <paymentDate>01/14/2020</paymentDate>
      <natureOfPayment>Net Share Settlement</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <acquiredDate>02/11/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>8000</amountOfSecuritiesAcquired>
      <paymentDate>02/11/2020</paymentDate>
      <natureOfPayment>Net Share Settlement</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <acquiredDate>03/04/2020</acquiredDate>
      <natureOfAcquisitionTransaction>RSU Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>3104</amountOfSecuritiesAcquired>
      <paymentDate>03/04/2020</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <acquiredDate>03/04/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>9000</amountOfSecuritiesAcquired>
      <paymentDate>03/04/2020</paymentDate>
      <natureOfPayment>Net Share Settlement</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <acquiredDate>03/06/2020</acquiredDate>
      <natureOfAcquisitionTransaction>RSU Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>612</amountOfSecuritiesAcquired>
      <paymentDate>03/06/2020</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <acquiredDate>03/06/2021</acquiredDate>
      <natureOfAcquisitionTransaction>RSU Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>4667</amountOfSecuritiesAcquired>
      <paymentDate>03/06/2021</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Jeffrey A. Stoops and Agnes F. Stoops</name>
        <address>
          <com:street1>c/o SBA Communications Corp.</com:street1>
          <com:street2>8051 Congress Avenue</com:street2>
          <com:city>Boca Raton</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33487</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <saleDate>11/18/2023</saleDate>
      <amountOfSecuritiesSold>35000</amountOfSecuritiesSold>
      <grossProceeds>7646000</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Jeffrey A. Stoops and Agnes F. Stoops</name>
        <address>
          <com:street1>c/o SBA Communications Corp.</com:street1>
          <com:street2>8051 Congress Avenue</com:street2>
          <com:city>Boca Raton</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33487</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <saleDate>11/14/2023</saleDate>
      <amountOfSecuritiesSold>78971</amountOfSecuritiesSold>
      <grossProceeds>18335000</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Calculated Risk SBA Holdings, LLC</name>
        <address>
          <com:street1>c/o SBA Communications Corp.</com:street1>
          <com:street2>8051 Congress Avenue</com:street2>
          <com:city>Boca Raton</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33487</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Class A Common</securitiesClassTitle>
      <saleDate>11/15/2023</saleDate>
      <amountOfSecuritiesSold>45779</amountOfSecuritiesSold>
      <grossProceeds>10710000</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>Shares are being sold by Calculated Risk SBA Holdings, LLC, Jeffrey A.  Stoops as Managing Member</remarks>
    <noticeSignature>
      <noticeDate>11/27/2023</noticeDate>
      <signature>/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Calculated Risk SBA Holdings, LLC</signature>
    </noticeSignature>
  </formData>
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</DOCUMENT>
</SEC-DOCUMENT>
