Patrick D. Sugar - Mar 10, 2025 Form 4 Insider Report for SAIA INC (SAIA)

Role: EVP Operations
Signature: /s/ Kelly W. Benton
Stock symbol: SAIA
Transactions as of: Mar 10, 2025
Transactions value $: -$37,760
Form type: 4
Date filed: 3/12/2025, 04:10 PM
Previous filing: Feb 11, 2025
Next filing: Jun 18, 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	Tax liability	-$37.8K	-103	-1.23%	$366.60	8.27K	Mar 10, 2025	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						317	Mar 10, 2025	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	Shares withheld at officer's election to cover tax liabilities incurred in connection with the vesting of restricted shares awarded in March 2021.
F2	The conversion rate of this derivative security on March 10, 2025 is 1.1407 resulting in 361.959 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.