PATRICK D. SUGAR - 08 Nov 2024 Form 4 Insider Report for SAIA INC (SAIA)

Signature
/s/ Kelly W. Benton
Issuer symbol
SAIA
Transactions as of
08 Nov 2024
Net transactions value
-$250,119
Form type
4
Filing time
12 Nov 2024, 16:04:49 UTC
Previous filing
06 Nov 2024
Next filing
07 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $75,705 +377 +5.7% $200.81 7,048 08 Nov 2024 Direct
transaction SAIA Common Stock Options Exercise $118,646 +427 +6.1% $277.86 7,475 08 Nov 2024 Direct
transaction SAIA Common Stock Sale $236,056 -427 -5.7% $552.82 7,048 08 Nov 2024 Direct
transaction SAIA Common Stock Sale $208,415 -377 -5.3% $552.82 6,671 08 Nov 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 -427 -50% $0.000000 427 08 Nov 2024 Common Stock 427 $277.86 Direct F1
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -377 -100% $0.000000 0 08 Nov 2024 Common Stock 377 $200.81 Direct F1
holding SAIA Phantom Stock 317 08 Nov 2024 Common Stock 317 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The conversion rate of this derivative security on November 8, 2024 is 1.1233 resulting in 356.430 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.