Raymond R. Ramu - Aug 7, 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
Aug 7, 2023
Transactions value $
-$401,410
Form type
4
Date filed
8/9/2023, 04:17 PM
Previous filing
Feb 17, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $281K +1.4K +38.64% $200.81 5.02K Aug 7, 2023 Direct
transaction SAIA Common Stock Options Exercise $178K +640 +12.74% $277.86 5.66K Aug 7, 2023 Direct
transaction SAIA Common Stock Sale -$590K -1.4K -24.72% $421.77 4.26K Aug 7, 2023 Direct F1
transaction SAIA Common Stock Sale -$270K -640 -15.01% $421.71 3.62K Aug 7, 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 -640 -33.33% $0.00 1.28K Aug 7, 2023 Common Stock 640 $277.86 Direct F2
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -1.4K -66.67% $0.00 700 Aug 7, 2023 Common Stock 1.4K $200.81 Direct F2
holding SAIA Phantom Stock 7.07K Aug 7, 2023 Common Stock 7.07K Direct F3, F4, F5
* 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 $421.7122 USD to $422.38 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 August 7, 2023 is 1.1270 resulting in 7,971.730 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.