SAIA INC — Director's Dealing 2023

Feb 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SAIA INC (SAIA)
CIK: 0001177702
Period of Report: 2023-02-15

Reporting Person: RAMU RAYMOND R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-15	Common Stock	M	3254.00	$100.20	Acquired	11559.00	Direct
2023-02-15	Common Stock	S	4682.00	$280.7057	Disposed	6877.00	Direct
2023-02-15	Common Stock	S	3254.00	$280.7048	Disposed	3623.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-15	Stock Options (Right to Buy)	$100.20	M	3254.00	Disposed	2027-02-06	Common Stock (3254.00)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (7073.244)	7073.244	Direct
Stock Options (Right to Buy)	$277.86	2029-02-07	Common Stock (1920.00)	1920.00	Direct
Stock Options (Right to Buy)	$200.81	2028-02-11	Common Stock (2100.00)	2100.00	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $280.3478 USD to $281.09 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 February 15, 2023 is 1.1433 resulting in 8,087.168 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.