📄 What This Document Is

This is a "DEFA14A" filing, which stands for "Definitive Additional Materials" related to a proxy statement. In simple terms, it's an official notice and instruction guide sent to shareholders of SBA Communications. Its sole purpose is to inform them that the full proxy materials for the annual meeting are available online and to tell them how to access those materials and cast their votes. Think of it as a "your meeting packet is ready online" postcard from the company.

👉 Why it matters: This isn't the detailed proxy statement itself, but the crucial guide that ensures shareholders know how to participate in the upcoming annual meeting and have their say on important company decisions.

🏢 What The Company Does

SBA Communications Corporation is a major owner and operator of wireless infrastructure. 👉 In simple terms, they build, own, and lease out the tall towers and rooftop sites that cellular companies like AT&T, Verizon, and T-Mobile use to mount their antennas to provide your phone service. They make money primarily through long-term lease agreements with these wireless carriers.

📅 The Big Meeting

The company is holding its Annual Meeting of Shareholders on May 22, 2026, at 10:00 A.M. Eastern Time. It will be held in person at their corporate office: 8051 Congress Avenue, Boca Raton, FL 33487. This is the yearly gathering where shareholders exercise their ownership rights.

👉 Key Date: If you want to vote electronically, your vote must be received by 11:59 P.M. Eastern Time on May 21, 2026.

🗳️ What Shareholders Are Voting On

The Board of Directors is recommending shareholders vote FOR all three proposals:

1. Elect Directors: Vote to re-elect three board members for a 3-year term: Steven E. Bernstein, Laurie Bowen, and Amy E. Wilson.
2. "Say on Pay" (Advisory Vote): Approve, on a non-binding advisory basis, the compensation paid to the company's top executives.
3. Ratify the Auditor: Appoint the accounting firm Ernst & Young LLP as the company's independent auditor for the 2026 fiscal year.

👉 Note: The "advisory" nature of Proposal 2 means it's a shareholder opinion poll on executive pay, not a legally binding change.

🖥️ How to Access Materials & Vote

You cannot vote by returning this notice. You must take action:

• Go Online (Recommended): Visit www.envisionreports.com/sbac to view the full proxy materials (including the 2025 Annual Report) and vote.
• Request a Paper Copy: You can ask for a physical copy to be mailed to you. You must request it by May 12, 2026. To do this, you'll need the unique control number from the shaded bar on the original notice.

👉 Requesting a Copy: You can request materials by phone at 1-866-641-4276 or by emailing [email protected] with "Proxy Materials SBA Communications Corporation" in the subject line.

📞 Contact for Help

For questions about attending the meeting or the process, shareholders can contact SBA's Investor Relations department at:

• Phone: 561-322-7850

⚖️ The Big Picture: Strengths & Considerations

👍 Strengths: The proposals are standard annual items, indicating no major governance drama. Re-electing experienced directors and retaining a major auditor (EY) suggests operational continuity.

⚠️ Considerations: The "say on pay" vote is always an opportunity for shareholders to voice approval or dissatisfaction with executive compensation, which can be influenced by company performance and market benchmarks.

🧠 The Analogy

This filing is like the official agenda and RSVP card for a corporation's most important annual meeting. It doesn't contain all the detailed reports (that's in the full proxy), but it tells shareholders the meeting is happening, what the key decisions are, and exactly how to submit their vote, whether they attend in person or not.

🧩 Final Takeaway

SBA Communications shareholders need to vote by May 21, 2026, on the re-election of directors, executive pay, and hiring their auditor. The first step is to go online to www.envisionreports.com/sbac to see the full details and cast a vote.