Raymond R. Ramu - Feb 15, 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 15, 2023
Transactions value $
-$1,901,627
Form type
4
Date filed
2/17/2023, 03:27 PM
Previous filing
Feb 10, 2023
Next filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $326K +3.25K +39.18% $100.20 11.6K Feb 15, 2023 Direct
transaction SAIA Common Stock Sale -$1.31M -4.68K -40.51% $280.71 6.88K Feb 15, 2023 Direct
transaction SAIA Common Stock Sale -$913K -3.25K -47.32% $280.70 3.62K Feb 15, 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
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -3.25K -100% $0.00* 0 Feb 15, 2023 Common Stock 3.25K $100.20 Direct F2
holding SAIA Phantom Stock 7.07K Feb 15, 2023 Common Stock 7.07K Direct F3, F4, F5
holding SAIA Stock Options (Right to Buy) 1.92K Feb 15, 2023 Common Stock 1.92K $277.86 Direct F2
holding SAIA Stock Options (Right to Buy) 2.1K Feb 15, 2023 Common Stock 2.1K $200.81 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $280.3478 USD to $281.09 USD; the price reported above reflects the weighted average sale price.
F2 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.
F3 The conversion rate of this derivative security on February 15, 2023 is 1.1433 resulting in 8,087.168 shares of common stock (underlying security in column 7).
F4 Immediate
F5 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.