Saia (SAIA) EVP sells 292 shares in open-market stock transaction

Rhea-AI Filing Summary

Saia Inc executive Anthony R. Norwood reported an open-market sale of company stock. As EVP & CHRO, he sold 292 shares of Saia common stock at a price of $468.7700 per share. After this transaction, he directly owns 4,894 Saia shares.

Norwood also holds stock options to acquire 530 shares of Saia common stock at an exercise price of $287.7900 per share, expiring on March 2, 2029. These options were granted under a long-term incentive program, with one-third of the award vesting each year on the anniversary of the grant date.

Insider Trade Summary

Net Seller: 292 shares ($136,881)

Net Sell 2 txns

Insider Norwood Anthony R

Role EVP & CHRO

Sold 292 shs ($137K)

Type	Security	Shares	Price	Value
Sale	Common Stock	292	$468.77	$137K
holding	Stock Options (Right to buy)	--	--	--

Holdings After Transaction: Common Stock — 4,894 shares (Direct, null); Stock Options (Right to buy) — 530 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 292 shares Sale price: $468.7700 per share Shares owned after sale: 4,894 shares +3 more

6 metrics

Shares sold 292 shares Open-market sale of Saia common stock

Sale price $468.7700 per share Price for sold Saia shares

Shares owned after sale 4,894 shares Direct Saia common stock holdings post-transaction

Option exercise price $287.7900 per share Strike price for Saia stock options

Option underlying shares 530 shares Saia common shares underlying options held

Option expiration March 2, 2029 Expiration date of Saia stock options

Key Terms

open-market sale, Stock Options (Right to buy), long-term incentive program, Compensation Committee, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for Saia common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Options (Right to buy) financial

"security_title listed as "Stock Options (Right to buy)""

long-term incentive program financial

"Stock Options granted as part of the long-term incentive program"

A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.

Compensation Committee financial

"program approved by the Compensation Committee"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

vesting financial

"One-third of the award vests each year on the anniversary"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Norwood Anthony R

(Last) (First) (Middle)

11465 JOHNS CREEK PARKWAY

SUITE 400

(Street)

JOHNS CREEK GEORGIA 30097

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SAIA INC [ SAIA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		S		292	D	$468.77	4,894	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to buy)	$287.79							(1)	03/02/2029	Common Stock	530		530	D

Explanation of Responses:

1. 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.

Remarks:

	/s/ Kelly W. Benton	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Saia (SAIA) report for Anthony R. Norwood?

Saia reported that EVP & CHRO Anthony R. Norwood sold 292 shares of common stock in an open-market transaction. The shares were sold at a reported price of $468.7700 per share, and he continues to hold additional Saia equity after the sale.

How many Saia (SAIA) shares does Anthony R. Norwood hold after the sale?

After the reported transaction, Anthony R. Norwood directly holds 4,894 shares of Saia common stock. This post-transaction balance reflects his remaining direct ownership following the sale of 292 shares disclosed in the Form 4 insider filing.

At what price did Anthony R. Norwood sell Saia (SAIA) shares?

Anthony R. Norwood sold 292 Saia common shares at a reported price of $468.7700 per share. This price reflects the execution level for the open-market or private transaction described in the Form 4 insider trading report.

What stock options related to Saia (SAIA) does Anthony R. Norwood hold?

Anthony R. Norwood holds stock options to buy 530 shares of Saia common stock at an exercise price of $287.7900 per share. These options were granted under a long-term incentive program and are scheduled to expire on March 2, 2029.

How do Anthony R. Norwood’s Saia (SAIA) options vest over time?

Norwood’s Saia stock options were granted under a long-term incentive program, with one-third of the award vesting each year. Vesting occurs annually on the anniversary of the grant date, as approved by the company’s Compensation Committee and noted in the Form 4 footnote.

What role does Anthony R. Norwood hold at Saia (SAIA)?

Anthony R. Norwood serves as Executive Vice President and Chief Human Resources Officer at Saia. His position as EVP & CHRO is disclosed in the insider report, providing context for his equity ownership and the stock transactions reported on the Form 4.