Douglas L. Col - 06 Feb 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role: Executive VP, CFO & Secretary
Signature: /s/ Kelly W. Benton
Issuer symbol: SAIA
Transactions as of: 06 Feb 2023
Net transactions value: -$82,815
Form type: 4
Filing time: 08 Feb 2023, 16:05:16 UTC
Previous filing: 08 Aug 2022
Next filing: 10 Feb 2023
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	$82,815	-282	-4.3%	$293.67	6,223	06 Feb 2023	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						3,197	06 Feb 2023	Common Stock	3,197		Direct	F2, F3, F4
holding	SAIA	Stock Options (Right to Buy)						1,550	06 Feb 2023	Common Stock	1,550	$277.86	Direct	F5
holding	SAIA	Stock Options (Right to Buy)						1,850	06 Feb 2023	Common Stock	1,850	$200.81	Direct	F5
holding	SAIA	Stock Options (Right to Buy)						940	06 Feb 2023	Common Stock	940	$100.20	Direct	F5

* 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 February 2020.
F2	The conversion rate of this derivative security on February 6, 2023 is 1.1404 resulting in 3,645.998 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.