Raymond R. Ramu - 02 Aug 2021 Form 4 Insider Report for SAIA INC (SAIA)

Role: Exec. VP & Chief Customer Off.
Signature: /s/ Stephanie R. Maschmeier
Issuer symbol: SAIA
Transactions as of: 02 Aug 2021
Net transactions value: -$93,043
Form type: 4
Filing time: 04 Aug 2021, 17:01:00 UTC
Next filing: 04 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAIA	Common Stock	Tax liability	$93,043	-415	-5.3%	$224.20	7,456	02 Aug 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SAIA	Phantom Stock						7,073	02 Aug 2021	Common Stock	7,073		Direct	F2, F3, F4
holding	SAIA	Stock Options (Right to Buy)						2,100	02 Aug 2021	Common Stock	2,100	$200.81	Direct	F5
holding	SAIA	Stock Options (Right to Buy)						3,254	02 Aug 2021	Common Stock	3,254	$100.20	Direct	F5
holding	SAIA	Stock Options (Right to Buy)						6,500	02 Aug 2021	Common Stock	6,500	$66.03	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in August 2017.
F2	The conversion rate of this derivative security on August 2, 2021 is 1.1487 resulting in 8,125.026 shares of common stock (underlying security in column 7).
F3	Immediate
F4	The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.
F5	Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.