# EDGAR Filing Document

**Accession Number:** 0002031697
**File Stem:** 0002031697-26-000004
**Filing Date:** 2026-3
**Character Count:** 11794
**Document Hash:** 6a6dda8d06ef7a1b157ed6d42eb904c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002031697-26-000004.hdr.sgml**: 20260309

**ACCESSION NUMBER**: 0002031697-26-000004

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260305

**FILED AS OF DATE**: 20260309

**DATE AS OF CHANGE**: 20260309

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** DAY DONALD
- **CENTRAL INDEX KEY:** 0002031697

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16853
- **FILM NUMBER:** 26736556

**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
- **EIN:** 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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>DAY DONALD<br><sub>(Last) (First) (Middle)</sub><br>C/O SBA COMMUNICATIONS CORPORATION<br>8051 CONGRESS AVENUE<br><sub>(Street)</sub><br>BOCA RATON, FL 33487<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-03-05 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP - SITE LEASING_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SBA COMMUNICATIONS CORP [ SBAC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2026-03-06 |  | M |  | 270 | A | $0 | 7600.9690 | D |  |
| Class A Common Stock | 2026-03-06 |  | F |  | 100.845<sup>(1)</sup> | D | $195.69 | 7500.124 | D |  |
| Class A Common Stock | 2026-03-06 |  | M |  | 1618<sup>(2)</sup> | A | $0 | 9118.124 | D |  |
| Class A Common Stock | 2026-03-06 |  | F |  | 604.323<sup>(1)</sup> | D | $195.69 | 8513.801 | D |  |
| Class A Common Stock | 2026-03-06 |  | M |  | 555 | A | $0 | 9068.801 | D |  |
| Class A Common Stock | 2026-03-06 |  | F |  | 207.292<sup>(1)</sup> | D | $195.69 | 8861.509 | D |  |
| Class A Common Stock | 2026-03-06 |  | M |  | 1348 | A | $0 | 10209.509 | D |  |
| Class A Common Stock | 2026-03-06 |  | F |  | 503.478<sup>(1)</sup> | D | $195.69 | 9706.031 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(3)</sup> | 2026-03-06 |  | M |  |  | 270 | <sup>(4)</sup> | <sup>(4)</sup> | Class A Common Stock | 270 | $0 | 0 | D |  |
| Performance Restricted Stock Units | <sup>(5)</sup> | 2026-03-06 |  | M |  |  | 809<sup>(2)</sup> | <sup>(6)</sup> | <sup>(6)</sup> | Class A Common Stock | 809 | $0 | 0 | D |  |
| Performance Restricted Stock Units | <sup>(5)</sup> | 2026-03-06 |  | D |  |  | 809<sup>(7)</sup> | <sup>(8)</sup> | <sup>(8)</sup> | Class A Common Stock | 809 | $0 | 0 | D |  |
| Restricted Stock Units | <sup>(3)</sup> | 2026-03-06 |  | M |  |  | 555 | <sup>(9)</sup> | <sup>(9)</sup> | Class A Common Stock | 555 | $0 | 555 | D |  |
| Performance Restricted Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(10)</sup> | <sup>(10)</sup> | Class A Common Stock | 1665 |  | 1665 | D |  |
| Restricted Stock Units | <sup>(3)</sup> |  |  |  |  |  |  | <sup>(11)</sup> | <sup>(11)</sup> | Class A Common Stock | 914 |  | 914 | D |  |
| Restricted Stock Units | <sup>(3)</sup> | 2026-03-06 |  | M |  |  | 1348 | <sup>(12)</sup> | <sup>(12)</sup> | Class A Common Stock | 1348 | $0 | 2697 | D |  |
| Performance Restricted Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(13)</sup> | <sup>(13)</sup> | Class A Common Stock | 4045 |  | 4045 | D |  |
| Restricted Stock Units | <sup>(3)</sup> | 2026-03-05 |  | A |  | 5005 |  | <sup>(14)</sup> | <sup>(14)</sup> | Class A Common Stock | 5005 | $0 | 5005 | D |  |
| Performance Restricted Stock Units | <sup>(5)</sup> | 2026-03-05 |  | A |  | 5005 |  | <sup>(15)</sup> | <sup>(15)</sup> | Class A Common Stock | 5005 | $0 | 5005 | D |  |

---

### Footnotes:

(1) Shares withheld for payment of tax liability.

(2) As previously reported on a Form 4, the Reporting Person was awarded 809 performance restricted stock units ("PSUs") on March 6, 2023 which were subject to increase or decrease based on the results of the performance condition. On March 6, 2026, these PSUs vested at 200% of target based on the results of the performance condition, such that 1618 shares of Class A Common Stock became issuable to the Reporting Person.

(3) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

(4) These restricted stock units vest in accordance with the following schedule: 269 vested on the first anniversary of the grant date and 270 vested on the second anniversary and 270 vested on the third anniversary of the grant date (March 6, 2023).

(5) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

(6) These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.

(7) The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.

(8) These performance restricted stock units have a three-year performance period and to the extent earned will vest on March 6, 2026. The number of shares of Class A Common Stock that will be earned is subject to increase (up to 200%) or decrease based on the results of the performance condition.

(9) These restricted stock units vest in accordance with the following schedule: 555 vested on the first and second anniversary and 555 will vest on the third anniversaries of the grant date (March 6, 2024).

(10) 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 at the end of the three-year performance period is subject to decrease or increase (up to 200%) based on the results of the performance conditions.

(11) These restricted stock units vest in accordance with the following schedule: 456 vest on the first anniversary of the grant date and 457 vest on the second and third anniversaries of the grant date (August 1, 2024).

(12) These restricted stock units vest in accordance with the following schedule: 1,348 vested on the first anniversary; 1,348 will vest on the second anniversary of the grant date and 1,349 vest on the third anniversary of the grant date (March 6, 2025).

(13) 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.

(14) These restricted stock units vest in accordance with the following schedule: 1,668 will vest on the first and second anniversaries and 1,669 will vest on the third anniversary of the grant date (March 5, 2026).

(15) 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 5, 2029. 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.

**Signature:** /s/ Joshua Westerman, Attorney-in-Fact  
**Date:** 2026-03-09

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**