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        <filer>
          <filerCredentials>
            <cik>0001106860</cik>
            <ccc>XXXXXXXX</ccc>
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        <liveTestFlag>LIVE</liveTestFlag>
  
  
  
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      <issuerInfo>
        <issuerCik>0001034054</issuerCik>
        <issuerName>SBA Communications Corporation</issuerName>
        <secFileNumber>001-16853</secFileNumber>
        <issuerAddress>
          <com:street1>8051 Congress Avenue</com:street1>
          <com:city>Boca Raton</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33487</com:zipCode>
        </issuerAddress>
        <issuerContactPhone>561-995-7670</issuerContactPhone>
        <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Calculated Risk SBA Holdings, LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
        <relationshipsToIssuer>
          <relationshipToIssuer>Affiliate</relationshipToIssuer>
        </relationshipsToIssuer>
      </issuerInfo>
      <securitiesInformation>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <brokerOrMarketmakerDetails>
          <name>J.P. Morgan Securities LLC</name>
          <address>
            <com:street1>390 Madison Avenue - 6th Floor</com:street1>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10017</com:zipCode>
          </address>
        </brokerOrMarketmakerDetails>
        <noOfUnitsSold>37889</noOfUnitsSold>
        <aggregateMarketValue>9015253</aggregateMarketValue>
        <noOfUnitsOutstanding>107890000</noOfUnitsOutstanding>
        <approxSaleDate>11/27/2023</approxSaleDate>
        <securitiesExchangeName>NASDAQ</securitiesExchangeName>
      </securitiesInformation>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <acquiredDate>01/14/2020</acquiredDate>
        <natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>12506</amountOfSecuritiesAcquired>
        <paymentDate>01/14/2020</paymentDate>
        <natureOfPayment>Net Share Settlement</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <acquiredDate>02/11/2020</acquiredDate>
        <natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>8000</amountOfSecuritiesAcquired>
        <paymentDate>02/11/2020</paymentDate>
        <natureOfPayment>Net Share Settlement</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <acquiredDate>03/04/2020</acquiredDate>
        <natureOfAcquisitionTransaction>RSU Vesting</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>3104</amountOfSecuritiesAcquired>
        <paymentDate>03/04/2020</paymentDate>
        <natureOfPayment>Compensation</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <acquiredDate>03/04/2020</acquiredDate>
        <natureOfAcquisitionTransaction>Option Exercise</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>9000</amountOfSecuritiesAcquired>
        <paymentDate>03/04/2020</paymentDate>
        <natureOfPayment>Net Share Settlement</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <acquiredDate>03/06/2020</acquiredDate>
        <natureOfAcquisitionTransaction>RSU Vesting</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>612</amountOfSecuritiesAcquired>
        <paymentDate>03/06/2020</paymentDate>
        <natureOfPayment>Compensation</natureOfPayment>
      </securitiesToBeSold>
      <securitiesToBeSold>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <acquiredDate>03/06/2021</acquiredDate>
        <natureOfAcquisitionTransaction>RSU Vesting</natureOfAcquisitionTransaction>
        <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
        <isGiftTransaction>N</isGiftTransaction>
        <amountOfSecuritiesAcquired>4667</amountOfSecuritiesAcquired>
        <paymentDate>03/06/2021</paymentDate>
        <natureOfPayment>Compensation</natureOfPayment>
      </securitiesToBeSold>
      <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>Jeffrey A. Stoops and Agnes F. Stoops</name>
          <address>
            <com:street1>c/o SBA Communications Corp.</com:street1>
            <com:street2>8051 Congress Avenue</com:street2>
            <com:city>Boca Raton</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33487</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <saleDate>11/18/2023</saleDate>
        <amountOfSecuritiesSold>35000</amountOfSecuritiesSold>
        <grossProceeds>7646000</grossProceeds>
      </securitiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>Jeffrey A. Stoops and Agnes F. Stoops</name>
          <address>
            <com:street1>c/o SBA Communications Corp.</com:street1>
            <com:street2>8051 Congress Avenue</com:street2>
            <com:city>Boca Raton</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33487</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <saleDate>11/14/2023</saleDate>
        <amountOfSecuritiesSold>78971</amountOfSecuritiesSold>
        <grossProceeds>18335000</grossProceeds>
      </securitiesSoldInPast3Months>
      <securitiesSoldInPast3Months>
        <sellerDetails>
          <name>Calculated Risk SBA Holdings, LLC</name>
          <address>
            <com:street1>c/o SBA Communications Corp.</com:street1>
            <com:street2>8051 Congress Avenue</com:street2>
            <com:city>Boca Raton</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33487</com:zipCode>
          </address>
        </sellerDetails>
        <securitiesClassTitle>Class A Common</securitiesClassTitle>
        <saleDate>11/15/2023</saleDate>
        <amountOfSecuritiesSold>45779</amountOfSecuritiesSold>
        <grossProceeds>10710000</grossProceeds>
      </securitiesSoldInPast3Months>
      <remarks>Shares are being sold by Calculated Risk SBA Holdings, LLC, Jeffrey A.  Stoops as Managing Member</remarks>
      <noticeSignature>
        <noticeDate>11/27/2023</noticeDate>
        <signature>/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Calculated Risk SBA Holdings, LLC</signature>
      </noticeSignature>
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text: 144
  0001106860
  XXXXXXXX
  LIVE
  0001034054
  SBA Communications Corporation
  001-16853
  8051 Congress Avenue
  Boca Raton
  FL
  33487
  561-995-7670
  Calculated Risk SBA Holdings, LLC
  Affiliate
  Class A Common
  J.P. Morgan Securities LLC
  390 Madison Avenue - 6th Floor
  New York
  NY
  10017
  37889
  9015253
  107890000
  11/27/2023
  NASDAQ
  Class A Common
  01/14/2020
  Option Exercise
  Issuer
  N
  12506
  01/14/2020
  Net Share Settlement
  Class A Common
  02/11/2020
  Option Exercise
  Issuer
  N
  8000
  02/11/2020
  Net Share Settlement
  Class A Common
  03/04/2020
  RSU Vesting
  Issuer
  N
  3104
  03/04/2020
  Compensation
  Class A Common
  03/04/2020
  Option Exercise
  Issuer
  N
  9000
  03/04/2020
  Net Share Settlement
  Class A Common
  03/06/2020
  RSU Vesting
  Issuer
  N
  612
  03/06/2020
  Compensation
  Class A Common
  03/06/2021
  RSU Vesting
  Issuer
  N
  4667
  03/06/2021
  Compensation
  N
  Jeffrey A. Stoops and Agnes F. Stoops
  c/o SBA Communications Corp.
  8051 Congress Avenue
  Boca Raton
  FL
  33487
  Class A Common
  11/18/2023
  35000
  7646000
  Jeffrey A. Stoops and Agnes F. Stoops
  c/o SBA Communications Corp.
  8051 Congress Avenue
  Boca Raton
  FL
  33487
  Class A Common
  11/14/2023
  78971
  18335000
  Calculated Risk SBA Holdings, LLC
  c/o SBA Communications Corp.
  8051 Congress Avenue
  Boca Raton
  FL
  33487
  Class A Common
  11/15/2023
  45779
  10710000
  Shares are being sold by Calculated Risk SBA Holdings, LLC, Jeffrey A.  Stoops as Managing Member
  11/27/2023
  /s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Calculated Risk SBA Holdings, LLC