Saia (SAIA) director Susan Ward receives 395-share stock grant

Rhea-AI Filing Summary

Saia Inc. director Susan F. Ward reported a new stock grant. She received 395 shares of Common Stock in a grant, award, or other acquisition, bringing her direct Common Stock holdings to 1,393 shares after the transaction.

Ward also holds phantom stock units tied to 2,104 underlying shares of Common Stock. According to the disclosure, these phantom stock units become payable in the company’s common stock when she terminates her service as a director.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ward Susan F

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	395	$0.00	--
holding	Phantom Stock	--	--	--

Holdings After Transaction: Common Stock — 1,393 shares (Direct, null); Phantom Stock — 2,104 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Common Stock grant: 395 shares Direct Common Stock holdings: 1,393 shares Phantom stock underlying shares: 2,104 shares +1 more

4 metrics

Common Stock grant 395 shares Grant, award, or other acquisition on 2026-05-04

Direct Common Stock holdings 1,393 shares Shares owned directly after the transaction

Phantom stock underlying shares 2,104 shares Underlying Common Stock linked to phantom stock units

Grant price per share $0.0000 per share Reported transaction price for the Common Stock grant

Key Terms

Phantom Stock, grant, award, or other acquisition, underlying security

3 terms

Phantom Stock financial

"The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as a Director."

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

underlying security financial

"underlying_security_title: Common Stock; underlying_security_shares: 2104.0000"

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^*

Ward Susan F

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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	05/04/2026		A		395	A	$0.00	1,393	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
Phantom Stock	(1)							(1)	(1)	Common Stock	2,104		2,104	D

Explanation of Responses:

1. The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as a Director.

Remarks:

	/s/ Kelly W. Benton	05/06/2026
	** 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) director Susan F. Ward report?

Susan F. Ward reported receiving 395 shares of Saia Common Stock through a grant, award, or other acquisition. After this transaction, she directly holds 1,393 Common Stock shares, according to the Form 4 disclosure.

How many Saia (SAIA) common shares does Susan F. Ward hold after this Form 4?

Following the reported grant, Susan F. Ward directly owns 1,393 shares of Saia Common Stock. This figure reflects her ownership after receiving the 395-share grant disclosed in the Form 4.

What is the size and price of the stock grant to Saia (SAIA) director Susan F. Ward?

Susan F. Ward received a grant of 395 shares of Saia Common Stock at a reported price of $0.0000 per share. The Form 4 lists this as a grant, award, or other acquisition, not as an open-market purchase.

What phantom stock holdings does Susan F. Ward report at Saia (SAIA)?

Susan F. Ward reports phantom stock tied to 2,104 underlying shares of Saia Common Stock. The filing states these phantom stock units become payable in the company’s common stock upon her termination of service as a director.

When do Susan F. Ward’s Saia (SAIA) phantom stock units become payable?

The phantom stock units reported by Susan F. Ward become payable in Saia common stock when her service as a director terminates. Until that event, they remain as phantom stock linked to 2,104 underlying Common Stock shares.