Frederick J. Holzgrefe III - 01 Aug 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role: President & CEO
Signature: /s/ Kelly W. Benton
Issuer symbol: SAIA
Transactions as of: 01 Aug 2023
Net transactions value: -$1,644,557
Form type: 4
Filing time: 02 Aug 2023, 17:02:12 UTC
Previous filing: 10 Feb 2023
Next filing: 07 Feb 2024
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	$469,583	+1,690	+12%	$277.86	15,655	01 Aug 2023	Direct
transaction	SAIA	Common Stock	Options Exercise	$864,688	+4,306	+28%	$200.81	19,961	01 Aug 2023	Direct
transaction	SAIA	Common Stock	Sale	$719,338	-1,690	-8.5%	$425.64	18,271	01 Aug 2023	Direct
transaction	SAIA	Common Stock	Sale	$1,832,821	-4,306	-24%	$425.64	13,965	01 Aug 2023	Direct
transaction	SAIA	Common Stock	Sale	$426,670	-1,000	-7.2%	$426.67	12,965	01 Aug 2023	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
transaction	SAIA	Stock Options (Right to Buy)	Options Exercise	$0	-1,690	-33%	$0.000000	3,380	01 Aug 2023	Common Stock	1,690	$277.86	Direct	F1
transaction	SAIA	Stock Options (Right to Buy)	Options Exercise	$0	-4,306	-67%	$0.000000	2,154	01 Aug 2023	Common Stock	4,306	$200.81	Direct	F1
holding	SAIA	Phantom Stock						6,196	01 Aug 2023	Common Stock	6,196		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	The conversion rate of this derivative security on August 1, 2023 is 1.1270 resulting in 6,982.341 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.