Raymond R. Ramu - 12 Aug 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
12 Aug 2022
Transactions value $
-$2,906,683
Form type
4
Date filed
16 Aug 2022, 17:22
Previous filing
03 Aug 2022
Next filing
08 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $429K +6.5K +63.4% $66.03* 16.8K 12 Aug 2022 Direct
transaction SAIA Common Stock Sale -$497K -2K -11.94% $248.71 14.8K 12 Aug 2022 Direct F1
transaction SAIA Common Stock Sale -$1.23M -4.97K -33.72% $247.33 9.78K 12 Aug 2022 Direct F2
transaction SAIA Common Stock Sale -$1.36M -5.5K -56.24% $247.18 4.28K 12 Aug 2022 Direct F3
transaction SAIA Common Stock Sale -$249K -1K -23.37% $248.76 3.28K 12 Aug 2022 Direct F4

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 -6.5K -100% $0.00* 0 12 Aug 2022 Common Stock 6.5K $66.03 Direct
holding SAIA Phantom Stock 7.07K 12 Aug 2022 Common Stock 7.07K Direct F5, F6, F7
holding SAIA Stock Options (Right to Buy) 1.92K 12 Aug 2022 Common Stock 1.92K $277.86 Direct F8
holding SAIA Stock Options (Right to Buy) 2.1K 12 Aug 2022 Common Stock 2.1K $200.81 Direct F8
holding SAIA Stock Options (Right to Buy) 3.25K 12 Aug 2022 Common Stock 3.25K $100.20 Direct F8
* 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 $248.53 USD to $248.98 USD; the price reported above reflects the weighted average sale price.
F2 This transaction was executed in multiple trades at prices ranging from $247.09 USD to $247.67 USD; the price reported above reflects the weighted average sale price.
F3 This transaction was executed in multiple trades at prices ranging from $246.78 USD to $247.77 USD; the price reported above reflects the weighted average sale price.
F4 This transaction was executed in multiple trades at prices ranging from $248.715 USD to $248.895 USD; the price reported above reflects the weighted average sale price.
F5 The conversion rate of this derivative security on August 12, 2022 is 1.1445 resulting in 8,094.986 shares of common stock (underlying security in column 7).
F6 Immediate
F7 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.
F8 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.