Frederick J. Holzgrefe III - Feb 7, 2025 Form 4 Insider Report for SAIA INC (SAIA)

Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 7, 2025
Transactions value $
-$4,908,617
Form type
4
Date filed
2/11/2025, 04:20 PM
Previous filing
Feb 7, 2025
Next filing
Feb 13, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Award $0 +8.5K +51.64% $0.00 25K Feb 7, 2025 Direct F1
transaction SAIA Common Stock Tax liability -$1.86M -3.8K -15.24% $489.51 21.2K Feb 7, 2025 Direct F2
transaction SAIA Common Stock Tax liability -$399K -815 -3.85% $489.51 20.3K Feb 7, 2025 Direct F3
transaction SAIA Common Stock Options Exercise $939K +3.38K +16.61% $277.86 23.7K Feb 10, 2025 Direct
transaction SAIA Common Stock Options Exercise $433K +2.15K +9.08% $200.81 25.9K Feb 10, 2025 Direct
transaction SAIA Common Stock Sale -$1.05M -2.15K -8.32% $488.34 23.7K Feb 10, 2025 Direct F4
transaction SAIA Common Stock Sale -$1.65M -3.38K -14.25% $488.34 20.3K Feb 10, 2025 Direct F4
transaction SAIA Common Stock Tax liability -$348K -701 -3.45% $495.99 19.6K Feb 10, 2025 Direct F5
transaction SAIA Common Stock Sale -$969K -2K -10.18% $484.57 17.6K Feb 10, 2025 Direct F6

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 -3.38K -100% $0.00 0 Feb 10, 2025 Common Stock 3.38K $277.86 Direct F7
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -2.15K -100% $0.00 0 Feb 10, 2025 Common Stock 2.15K $200.81 Direct F7
holding SAIA Phantom Stock 6.69K Feb 7, 2025 Common Stock 6.69K Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
F10 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.
F2 Shares withheld at officer's election to cover tax liabilities incurred upon the issuance of Performance Unit Awards under the 2018 Omnibus Incentive Plan for the 1/1/22-12/31/24 performance period.
F3 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2022.
F4 This transaction was executed in multiple trades at prices ranging from $482.42 USD to $494.0199 USD; the price reported above reflects the weighted average sale price.
F5 Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in February 2023.
F6 This transaction was executed in multiple trades at prices ranging from $482.54 USD to $487.2199 USD; the price reported above reflects the weighted average sale price.
F7 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.
F8 The conversion rate of this derivative security on February 7, 2025 is 1.1301 resulting in 7,559.126 shares of common stock (underlying security in column 7).
F9 Immediate