Form 144: Morgan Stanley files notice to sell restricted SAIA stock

Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Form 144 notice regarding proposed sales of restricted common stock related to SAIA.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Form 144 notice regarding proposed sales of restricted common stock related to SAIA.

The filing lists multiple restricted-stock entries dated 02/08/2024, 02/06/2025, and 02/08/2025 with per-line counts shown in the excerpt. The filing metadata shows a date of 05/20/2026.

Insights

Securities Attorney

Form 144 notice of proposed resale by an affiliate intermediary.

The entry lists proposed resale of restricted stock held through Morgan Stanley Smith Barney LLC Executive Financial Services. Form 144 is a notice, not a confirmation of completed sales; it records the filer, security class, and proposed sale details.

Transaction timing and settlement outcomes are not provided in the excerpt; subsequent filings or trade reports would show execution. Review of account-level paperwork or broker confirmations would be required for completion status.

Key Figures

Filing date: 05/20/2026 Restricted-stock entry date: 02/08/2024 Restricted-stock entry date: 02/06/2025 +3 more

6 metrics

Filing date 05/20/2026 Form 144 metadata date

Restricted-stock entry date 02/08/2024 Listed restricted stock line item

Restricted-stock entry date 02/06/2025 Listed restricted stock line item

Restricted-stock entry date 02/08/2025 Listed restricted stock line item

Per-line counts shown 115; 69; 108 Counts adjacent to the dated restricted-stock entries in the excerpt

Numeric fields present 136880.84; 26671214 Numeric values visible in filer information area of the excerpt

Key Terms

Restricted Stock, Form 144, Issuer

3 terms

Restricted Stock regulatory

"Restricted Stock | Issuer | 115 | 02/08/2024"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Form 144 regulatory

"CONTENT METADATA: "form_type": "144""

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Issuer financial

"Restricted Stock | Issuer | | | 115"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does SAIA Form 144 from Morgan Stanley Smith Barney indicate?

It indicates a notice of proposed sales of restricted common stock by an affiliate intermediary. The excerpt lists restricted‑stock entries dated 02/08/2024, 02/06/2025, and 02/08/2025, and shows the filing date 05/20/2026.

Does the Form 144 mean the SAIA shares were sold?

No, Form 144 is a notice of intent to sell, not proof of sale. The excerpt lists proposed restricted‑stock items and dates; execution and settlement are not shown and would appear in trade confirmations or later filings.

Who is listed as the filer on the SAIA Form 144 excerpt?

The filer is Morgan Stanley Smith Barney LLC Executive Financial Services. The excerpt shows the firm name and an address line, identifying the broker/dealer reporting the proposed resale on behalf of an affiliate.

What securities are described in this SAIA filing?

The excerpt describes Common stock identified as Restricted Stock. Multiple restricted‑stock line items are dated in 2024 and 2025 with per‑line counts shown in the excerpt.

Where can I find whether the proposed SAIA sales were completed?

Check subsequent broker confirmations, Form 4/Form 5 filings, or trade reporting records for evidence of completed sales. The provided excerpt contains only the Form 144 notice and does not report execution or settlement details.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/20/2026 - 06:23 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001916973
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	SAIA, INC.
SEC File Number	000-49983
Address of Issuer	11465 Johns Creek Parkway, Suite 400 Johns Creek GEORGIA 30097
Phone	(770) 232-5067
Name of Person for Whose Account the Securities are To Be Sold	ANTHONY NORWOOD
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	292	136880.84	26671214	05/20/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/08/2024	Restricted Stock	Issuer			115	02/08/2024	Not Applicable
Common	02/06/2025	Restricted Stock	Issuer			69	02/06/2025	Not Applicable
Common	02/08/2025	Restricted Stock	Issuer			108	02/08/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	05/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Anthony R Norwood
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)