Douglas L. Col - Feb 12, 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role
Executive VP, CFO & Secretary
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 12, 2024
Transactions value $
-$928,577
Form type
4
Date filed
2/14/2024, 05:50 PM
Previous filing
Feb 12, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Tax liability -$185K -331 -4.99% $560.40 6.3K Feb 12, 2024 Direct F1
transaction SAIA Common Stock Options Exercise $124K +617 +9.79% $200.81 6.92K Feb 13, 2024 Direct
transaction SAIA Common Stock Options Exercise $144K +517 +7.47% $277.86 7.44K Feb 13, 2024 Direct
transaction SAIA Common Stock Sale -$344K -617 -8.3% $557.41 6.82K Feb 13, 2024 Direct
transaction SAIA Common Stock Sale -$379K -678 -9.94% $558.32 6.14K Feb 13, 2024 Direct
transaction SAIA Common Stock Sale -$288K -517 -8.42% $557.41 5.62K Feb 13, 2024 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 -517 -50% $0.00 517 Feb 13, 2024 Common Stock 517 $277.86 Direct F2
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -617 -100% $0.00* 0 Feb 13, 2024 Common Stock 617 $200.81 Direct F2
holding SAIA Phantom Stock 3.2K Feb 12, 2024 Common Stock 3.2K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2021.
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 12, 2024 is 1.1218 resulting in 3,586.532 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.