<SEC-DOCUMENT>0001415889-25-007302.txt : 20250306
<SEC-HEADER>0001415889-25-007302.hdr.sgml : 20250306
<ACCEPTANCE-DATETIME>20250306183023
ACCESSION NUMBER:		0001415889-25-007302
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250304
FILED AS OF DATE:		20250306
DATE AS OF CHANGE:		20250306

REPORTING-OWNER:	

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

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16853
		FILM NUMBER:		25716766

	MAIL ADDRESS:	
		STREET 1:		SBA COMMUNICATIONS CORP
		STREET 2:		ONE TOWN CENTER ROAD THIRD FLOOR
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33486

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>
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    <footnotes>
        <footnote id="F1">Shares withheld for payment of tax liability.</footnote>
        <footnote id="F2">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 results of the performance condition, such that 17,788 shares of Class A Common Stock vested.</footnote>
        <footnote id="F3">These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership (&quot;CRLP&quot;). 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.</footnote>
        <footnote id="F4">These stock options are fully vested and exercisable.</footnote>
        <footnote id="F5">Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F6">These restricted stock units vest in accordance with the following schedule: 2,964 vested 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).</footnote>
        <footnote id="F7">Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F8">These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.</footnote>
        <footnote id="F9">The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.</footnote>
        <footnote id="F10">These performance restricted stock units have a three-year performance period and to the extent earned vest on March 4, 2024. The number of shares of Class A Common Stock that will be earned is subject to increase or decrease based on the results of the performance condition.</footnote>
        <footnote id="F11">These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).</footnote>
        <footnote id="F12">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 or decrease based on the results of the performance condition.</footnote>
        <footnote id="F13">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 or decrease based on the results of the performance condition.</footnote>
        <footnote id="F14">These restricted stock units vest in accordance with the following schedule: 302 vest on May 1, 2025; 302 vest on May 1, 2026; and 302 vest on May 1, 2027.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joshua Koenig, Attorney-in-Fact</signatureName>
        <signatureDate>2025-03-06</signatureDate>
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