<SEC-DOCUMENT>0001415889-25-007587.txt : 20250310
<SEC-HEADER>0001415889-25-007587.hdr.sgml : 20250310
<ACCEPTANCE-DATETIME>20250310183021
ACCESSION NUMBER:		0001415889-25-007587
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250306
FILED AS OF DATE:		20250310
DATE AS OF CHANGE:		20250310

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KOENIG JOSHUA
		CENTRAL INDEX KEY:			0001957644
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16853
		FILM NUMBER:		25725293

	MAIL ADDRESS:	
		STREET 1:		C/O SBA COMMUNICATIONS CORPORATION
		STREET 2:		8051 CONGRESS AVENUE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33487

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>form4-03102025_060317.xml
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        <issuerTradingSymbol>SBAC</issuerTradingSymbol>
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            <rptOwnerStreet2>8051 CONGRESS AVENUE</rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>EXECUTIVE VP/GENERAL COUNSEL</officerTitle>
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    <footnotes>
        <footnote id="F1">Shares withheld for payment of tax liability.</footnote>
        <footnote id="F2">Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $224.08 to $224.30 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F3">These options are fully vested and immediately exercisable.</footnote>
        <footnote id="F4">Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F5">These restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6,2023).</footnote>
        <footnote id="F6">Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F7">These performance 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="F8">These performance 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="F9">These restricted stock units vest in accordance with the following schedule: 1,480 vest on the first through third anniversaries of the grant date (March 6, 2024).</footnote>
        <footnote id="F10">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 is subject to decrease or increase (up to 200%) based on the results of the performance conditions.</footnote>
        <footnote id="F11">These restricted stock units vest in accordance with the following schedule: 1,920 vest on the first through third anniversaries of the grant date (March 6, 2025).</footnote>
        <footnote id="F12">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, 2028. The number of shares of Class A Common Stock that will be earned is subject to decrease or increase (up to 200%) based on the results of the performance conditions.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joshua Koenig</signatureName>
        <signatureDate>2025-03-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
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