Saia (NASDAQ: SAIA) insider plans Rule 144 sale of 5,226 shares
Rhea-AI Filing Summary
Saia insider Raymond R. Ramu has filed a notice of proposed sale of 5,226 shares of Saia common stock under Rule 144. The shares are expected to be sold through Morgan Stanley Smith Barney LLC on NASDAQ, with an approximate sale date of 02/13/2026 and an aggregate market value of $2,027,425.65. The shares to be sold were acquired from the issuer as restricted stock and performance shares on various dates in 2025 and 2026. The filer also reported a prior sale of 1,000 common shares on 11/18/2025 for gross proceeds of $266,570. By signing the notice, the seller represents that he is not aware of undisclosed material adverse information about Saia’s current or prospective operations.
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FAQ
What does Saia (SAIA) insider Raymond R. Ramu’s Form 144 filing disclose?
The filing discloses that Raymond R. Ramu plans to sell 5,226 Saia common shares under Rule 144. The planned NASDAQ sale, routed through Morgan Stanley Smith Barney LLC, has an aggregate market value of $2,027,425.65 and is approximately dated 02/13/2026.
How many Saia (SAIA) shares is the insider planning to sell and at what value?
The insider plans to sell 5,226 shares of Saia common stock with an aggregate market value of $2,027,425.65. These shares are expected to be sold on NASDAQ through Morgan Stanley Smith Barney LLC around 02/13/2026, according to the Rule 144 notice.
How were the Saia (SAIA) shares in the Form 144 acquired by the insider?
The 5,226 Saia shares covered by the notice were acquired directly from the issuer as restricted stock and performance shares on several dates in 2025 and 2026. Each grant lists its own acquisition date, amount of shares, and payment noted as not applicable.
What recent Saia (SAIA) stock sales has the insider already completed?
The insider previously sold 1,000 Saia common shares on 11/18/2025 for $266,570 in gross proceeds. This past transaction is separately disclosed as required, covering sales during the prior three months from the date of the new Rule 144 notice.
Which broker and exchange are involved in the planned Saia (SAIA) share sale?
The planned sale of 5,226 Saia shares will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located in New York. The notice specifies that the shares are expected to be sold on the NASDAQ stock market.
What representation does the Saia (SAIA) insider make in the Form 144 notice?
By signing the notice, the insider represents that he does not know any material adverse information about Saia’s current or prospective operations that has not been publicly disclosed. The form also warns that intentional misstatements or omissions can constitute federal criminal violations.