Raymond R. Ramu - Feb 24, 2025 Form 4 Insider Report for SAIA INC (SAIA)

Role
Exec. VP & Chief Customer Off.
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Feb 24, 2025
Transactions value $
-$327,064
Form type
4
Date filed
2/26/2025, 04:07 PM
Previous filing
Feb 11, 2025
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 $356K +1.28K +21.69% $277.86 7.18K Feb 24, 2025 Direct
transaction SAIA Common Stock Options Exercise $141K +700 +9.75% $200.81 7.88K Feb 24, 2025 Direct
transaction SAIA Common Stock Sale -$291K -700 -8.88% $415.80 7.18K Feb 24, 2025 Direct
transaction SAIA Common Stock Sale -$532K -1.28K -17.82% $415.80 5.9K Feb 24, 2025 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 -1.28K -100% $0.00 0 Feb 24, 2025 Common Stock 1.28K $277.86 Direct F1
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -700 -100% $0.00 0 Feb 24, 2025 Common Stock 700 $200.81 Direct F1
holding SAIA Phantom Stock 8.06K Feb 24, 2025 Common Stock 8.06K 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 February 24, 2025 is 1.1258 resulting in 9,074.158 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.