SAIA INC — Director's Dealing 2023

Aug 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2023-08-07

Reporting Person: RAMU RAYMOND R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-07	Common Stock	M	1400.00	$200.81	Acquired	5023.00	Direct
2023-08-07	Common Stock	M	640.00	$277.86	Acquired	5663.00	Direct
2023-08-07	Common Stock	S	1400.00	$421.7703	Disposed	4263.00	Direct
2023-08-07	Common Stock	S	640.00	$421.7122	Disposed	3623.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-07	Stock Options (Right to Buy)	$277.86	M	640.00	Disposed	2029-02-07	Common Stock (640.00)	Direct
2023-08-07	Stock Options (Right to Buy)	$200.81	M	1400.00	Disposed	2028-02-11	Common Stock (1400.00)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (7073.244)	7073.244	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $421.7122 USD to $422.38 USD; the price reported above reflects the weighted average sale price.

F2: 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.

F3: The conversion rate of this derivative security on August 7, 2023 is 1.1270 resulting in 7,971.730 shares of common stock (underlying security in column 7).

F4: Immediate

F5: 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.