Raymond R. Ramu - 03 Nov 2021 Form 4 Insider Report for SAIA INC (SAIA)

Role: Exec. VP & Chief Customer Off.
Signature: /s/ Douglas L. Col
Issuer symbol: SAIA
Transactions as of: 03 Nov 2021
Net transactions value: -$346,703
Form type: 4
Filing time: 04 Nov 2021, 18:12:56 UTC
Previous filing: 04 Aug 2021
Next filing: 09 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAIA	Common Stock	Sale	$172,798	-505	-6.8%	$342.18	6,951	03 Nov 2021	Direct
transaction	SAIA	Common Stock	Sale	$173,904	-505	-7.3%	$344.36	6,446	03 Nov 2021	Direct

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	03 Nov 2021	Common Stock	7,073		Direct	F1, F2, F3
holding	SAIA	Stock Options (Right to Buy)						2,100	03 Nov 2021	Common Stock	2,100	$200.81	Direct	F4
holding	SAIA	Stock Options (Right to Buy)						3,254	03 Nov 2021	Common Stock	3,254	$100.20	Direct	F4
holding	SAIA	Stock Options (Right to Buy)						6,500	03 Nov 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	The conversion rate of this derivative security on November 3, 2021 is 1.1294 resulting in 7,988.543 shares of common stock (underlying security in column 7).
F2	Immediate
F3	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.
F4	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.