Officer reported a non-open-market transaction in SBAC

1. Each performance restricted stock unit represents a contingent right to received one share of Class A Common Stock.
2. The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting was not met.
3. The 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.
4. 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.

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