<SEC-DOCUMENT>0001415889-24-011898.txt : 20240501
<SEC-HEADER>0001415889-24-011898.hdr.sgml : 20240501
<ACCEPTANCE-DATETIME>20240501181510
ACCESSION NUMBER:		0001415889-24-011898
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240429
FILED AS OF DATE:		20240501
DATE AS OF CHANGE:		20240501

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BERNSTEIN STEVEN E
		CENTRAL INDEX KEY:			0001089833
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16853
		FILM NUMBER:		24904455

	MAIL ADDRESS:	
		STREET 1:		C/O SBA COMMUNICATIONS CORP
		STREET 2:		ONE TOWN CENTER ROAD - THIRD FLOOR
		CITY:			BOCO RATON
		STATE:			FL
		ZIP:			83486

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SBA COMMUNICATIONS CORP
		CENTRAL INDEX KEY:			0001034054
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				650716501
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-05012024_060502.xml
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        <issuerName>SBA COMMUNICATIONS CORP</issuerName>
        <issuerTradingSymbol>SBAC</issuerTradingSymbol>
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            <rptOwnerCik>0001089833</rptOwnerCik>
            <rptOwnerName>BERNSTEIN STEVEN E</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>C/O SBA COMMUNICATIONS CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>8051 CONGRESS AVENUE</rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
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                    <value>See Footnote</value>
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                <value>2026-05-16</value>
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                    <value>1501</value>
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        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
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            <securityTitle>
                <value>Restricted Stock Units</value>
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                <footnoteId id="F3"/>
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            <expirationDate>
                <footnoteId id="F5"/>
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                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
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                    <value>350</value>
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                    <value>350</value>
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                <underlyingSecurityTitle>
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            </underlyingSecurity>
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                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        </derivativeHolding>
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    <footnotes>
        <footnote id="F1">These shares are held by the Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.</footnote>
        <footnote id="F2">These options are fully vested and immediately exercisable.</footnote>
        <footnote id="F3">Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F4">These restricted stock units vest in accordance with the following schedule: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.</footnote>
        <footnote id="F5">These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.</footnote>
        <footnote id="F6">These restricted stock units vest in accordance with the following schedule: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joshua Koenig, Attorney-in-Fact</signatureName>
        <signatureDate>2024-05-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
