Frederick J. Holzgrefe III - 01 Aug 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role: President & CEO
Signature: /s/ Kelly W. Benton
Issuer symbol: SAIA
Transactions as of: 01 Aug 2022
Net transactions value: -$273,932
Form type: 4
Filing time: 03 Aug 2022, 16:08:04 UTC
Previous filing: 09 Feb 2022
Next filing: 08 Aug 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	Tax liability	$273,932	-1,142	-7.2%	$239.87	14,623	01 Aug 2022	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						5,288	01 Aug 2022	Common Stock	5,288		Direct	F2, F3, F4
holding	SAIA	Stock Options (Right to Buy)						5,070	01 Aug 2022	Common Stock	5,070	$277.86	Direct	F5
holding	SAIA	Stock Options (Right to Buy)						6,460	01 Aug 2022	Common Stock	6,460	$200.81	Direct	F5
holding	SAIA	Stock Options (Right to Buy)						5,107	01 Aug 2022	Common Stock	5,107	$100.20	Direct	F5
holding	SAIA	Stock Options (Right to buy)						11,430	01 Aug 2022	Common Stock	11,430	$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 1, 2022 is 1.1533 resulting in 6,099.369 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.