Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* STOOPS JEFFREY	2. Issuer Name and Ticker or Trading Symbol SBA COMMUNICATIONS CORP [ SBAC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer & Pres
(Last) (First) (Middle) C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 8/16/2021
(Street) BOCA RATON, FL 33487 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	6/16/2021		G⁽¹⁾	V	16000	D	$0.00	226851	D
Class A Common Stock	8/16/2021		S		11026	D	$352.23 ⁽²⁾	215825	D
Class A Common Stock	8/16/2021		S		6137	D	$352.87 ⁽³⁾	209688	D
Class A Common Stock	8/16/2021		S		20082	D	$354.02 ⁽⁴⁾	189606	D
Class A Common Stock	8/16/2021		S		33	D	$354.64	189573	D
Class A Common Stock								113668	I	By LLC ⁽⁵⁾
Class A Common Stock								259863	I	By Limited Partnership ⁽⁶⁾

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)	$96.58							⁽⁷⁾	3/4/2023	Class A Common Stock	201614		201614	D
Stock Options (Right to Buy)	$115.17							⁽⁷⁾	3/6/2024	Class A Common Stock	173635		173635	D
Stock Options (Right to Buy)	$156.50							⁽⁸⁾	3/6/2025	Class A Common Stock	137601		137601	D
Restricted Stock Units	⁽⁹⁾							⁽¹⁰⁾	⁽¹⁰⁾	Class A Common Stock	3586		3586	D
Stock Options (Right to Buy)	$182.30							⁽¹¹⁾	3/6/2026	Class A Common Stock	149446		149446	D
Restricted Stock Units	⁽⁹⁾							⁽¹²⁾	⁽¹²⁾	Class A Common Stock	6975		6975	D
Restricted Stock Units	⁽⁹⁾							⁽¹³⁾	⁽¹³⁾	Class A Common Stock	6512		6512	D
Performance Restricted Stock Units	⁽¹⁴⁾							⁽¹⁵⁾	⁽¹⁵⁾	Class A Common Stock	9768		9768	D
Performance Restricted Stock Units	⁽¹⁴⁾							⁽¹⁶⁾	⁽¹⁶⁾	Class A Common Stock	9768		9768	D
Restricted Stock Units	⁽¹⁷⁾							⁽¹⁸⁾	⁽¹⁸⁾	Class A Common Stock	10118		10118	D
Performance Restricted Stock Units	⁽¹⁴⁾							⁽¹⁹⁾	⁽¹⁹⁾	Class A Common Stock	10118		10118	D
Performance Restricted Stock Units	⁽¹⁴⁾							⁽²⁰⁾	⁽²⁰⁾	Class A Common Stock	10118		10118	D

Explanation of Responses:
(1)	The Reporting Person gifted these shares to a non-profit foundation of which the Reporting Person serves as the President and one of the two directors in an exempt transaction pursuant to Rule 16b-5 of the Exchange Act.
(2)	Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $351.63 to $352.62 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.
(3)	Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $352.63 to $353.58 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.
(4)	Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $353.63 to $354.57 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.
(5)	These shares are owned by Calculated Risk Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
(6)	These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). 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.
(7)	These options are immediately exercisable.
(8)	These options vest in accordance with the following schedule: 34,400 vest on each of the first through third anniversaries of the grant date and 34,401 vest on the fourth anniversary of the grant date (March 6, 2018).
(9)	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(10)	These restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
(11)	These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
(12)	These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
(13)	These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
(14)	Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(15)	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
(16)	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
(17)	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(18)	These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
(19)	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.
(20)	These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. 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 increase or decrease based on the results of the performance condition.

Remarks:
The Reporting Person no longer has beneficial ownership over the securities held by the four different trusts, each for the benefit of one of the Reporting Person's four children, or by the irrevocable family trust for the benefit of the Reporting Person's current and future descendants, for which beneficial ownership was previously reported.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
STOOPS JEFFREY C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL 33487	X		Chief Executive Officer & Pres