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

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
15 Feb 2023
Net transactions value
-$1,901,627
Form type
4
Filing time
17 Feb 2023, 15:27:27 UTC
Previous filing
10 Feb 2023
Next filing
09 Aug 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 Options Exercise $326,051 +3,254 +39% $100.20 11,559 15 Feb 2023 Direct
transaction SAIA Common Stock Sale $1,314,264 -4,682 -41% $280.71 6,877 15 Feb 2023 Direct
transaction SAIA Common Stock Sale $913,413 -3,254 -47% $280.70 3,623 15 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
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -3,254 -100% $0.000000* 0 15 Feb 2023 Common Stock 3,254 $100.20 Direct F2
holding SAIA Phantom Stock 7,073 15 Feb 2023 Common Stock 7,073 Direct F3, F4, F5
holding SAIA Stock Options (Right to Buy) 1,920 15 Feb 2023 Common Stock 1,920 $277.86 Direct F2
holding SAIA Stock Options (Right to Buy) 2,100 15 Feb 2023 Common Stock 2,100 $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.