Patrick D. Sugar - Aug 2, 2023 Form 4 Insider Report for SAIA INC (SAIA)

Role
EVP Operations
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Aug 2, 2023
Transactions value $
-$912,493
Form type
4
Date filed
8/3/2023, 04:31 PM
Previous filing
Mar 8, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $151K +753 +8.49% $200.81 9.62K Aug 2, 2023 Direct
transaction SAIA Common Stock Options Exercise $118K +426 +4.43% $277.86 10K Aug 2, 2023 Direct
transaction SAIA Common Stock Sale -$321K -753 -7.49% $426.65 9.3K Aug 2, 2023 Direct F1
transaction SAIA Common Stock Sale -$679K -1.59K -17.13% $426.59 7.7K Aug 2, 2023 Direct
transaction SAIA Common Stock Sale -$182K -426 -5.53% $426.47 7.28K Aug 2, 2023 Direct F2

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 -426 -33.28% $0.00 854 Aug 2, 2023 Common Stock 426 $277.86 Direct F3
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -753 -66.64% $0.00 377 Aug 2, 2023 Common Stock 753 $200.81 Direct F3
holding SAIA Phantom Stock 317 Aug 2, 2023 Common Stock 317 Direct F4, F5, F6
* 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 $426.57 USD to $426.77 USD; the price reported above reflects the weighted average sale price.
F2 This transaction was executed in multiple trades at prices ranging from $426.39 USD to $426.57 USD; the price reported above reflects the weighted average sale price.
F3 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.
F4 The conversion rate of this derivative security on August 2, 2023 is 1.1270 resulting in 357.598 shares of common stock (underlying security in column 7).
F5 Immediate
F6 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.