Frederick J. Holzgrefe III - 11 Mar 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role: President & CEO
Signature: /s/ Kelly W. Benton
Issuer symbol: SAIA
Transactions as of: 11 Mar 2024
Net transactions value: +$331,914
Form type: 4
Filing time: 14 Mar 2024, 09:19:26 UTC
Previous filing: 14 Feb 2024
Next filing: 07 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SAIA	Common Stock						12,393	11 Mar 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	Phantom Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$331,914	+493	+8%	$672.94	6,689	11 Mar 2024	Common Stock	493		Direct	F1, F2, F3
holding	SAIA	Stock Options (Right to Buy)						3,380	11 Mar 2024	Common Stock	3,380	$277.86	Direct	F4
holding	SAIA	Stock Options (Right to Buy)						2,154	11 Mar 2024	Common Stock	2,154	$200.81	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The conversion rate of this derivative security on March 11, 2024 is 1.1157 resulting in 7,462.662 shares of common stock (underlying security in column 7).
F2	Immediate
F3	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.
F4	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.