On December 19, 2023, SBA Communications Corporation appointed Mr. Brendan Cavanagh to the Company?s Board of Directors (the ?Board?), effective January 1, 2024. Mr. Cavanagh will serve as a Class I director for a term expiring at the 2024 Annual Meeting of Shareholders, at which time he will stand for re-election. Concurrent with Mr. Cavanagh?s appointment, the Board will be expanded to ten members.

Mr. Cavanagh?s appointment to the Board follows the previously announced CEO succession plan, pursuant to which Mr. Cavanagh will succeed Mr. Jeffrey Stoops as President and Chief Executive Officer, effective January 1, 2024. In connection with the CEO succession plan, the Board has also appointed Mr. Stoops to the position of non-executive Chairman of the Board, effective January 1, 2024.