Matthew J. Batteh - May 13, 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role: Chief Financial Officer
Signature: /s/ Kelly W. Benton
Stock symbol: SAIA
Transactions as of: May 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/15/2024, 04:10 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAIA	Common Stock	Award	$0	+1.36K	+92.73%	$0.00	2.84K	May 13, 2024	Direct	F1

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
holding	SAIA	Phantom Stock						279	May 13, 2024	Common Stock	279		Direct	F2, F3, F4
holding	SAIA	Stock Options (Right to buy)						470	May 13, 2024	Common Stock	470	$277.86	Direct	F5
holding	SAIA	Stock Options (Right to buy)						500	May 13, 2024	Common Stock	500	$200.81	Direct
holding	SAIA	Stock Options (Right to buy)						1.11K	May 13, 2024	Common Stock	1.11K	$100.20	Direct

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

Explanation of Responses:

Id	Content
F1	Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. The restricted stock award vests 25% in year three, 25% in year four and 50% in year five.
F2	The conversion rate of this derivative security on May 13, 2024 is 1.1309 resulting in 315.174 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.
F5	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.