[Form 4] SAIA INC Insider Trading Activity

Saia executive Raymond R. Ramu reported multiple equity transactions.

Rhea-AI Filing Summary

Saia executive Raymond R. Ramu reported multiple equity transactions. On February 12, 2026, he acquired 2,299 shares of common stock as a restricted stock grant at $0.00 per share under the company’s long-term incentive program, with one-third vesting each year on the grant anniversary.

On February 13, 2026, he completed two open-market sales of Saia common stock: 3,709 shares at a weighted average price of $387.7345, and 1,517 shares at a weighted average price of $388.4764. Following these sales, he directly held 3,631 shares of common stock. He also held 8,494.794 phantom stock units, which, at a conversion rate of 1.1534 as of February 12, 2026, correspond to 9,797.849 shares of common stock and become payable in stock upon termination of employment.

Insider Trade Summary

Net Seller: 5,226 shares

Net Sell 4 txns

Insider RAMU RAYMOND R

Role Exec. VP & Chief Customer Off.

Sold 5,226 shs ($2.03M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,709	$387.7345	$1.44M
Sale	Common Stock	1,517	$388.4764	$589K
Grant/Award	Common Stock	2,299	$0.00	$0.00
holding	Phantom Stock	--	--	--

Holdings After Transaction: Common Stock — 3,631 shares (Direct); Phantom Stock — 8,494.794 contracts (Direct)

Footnotes (6)

1. F1. This transaction was executed in multiple trades at prices ranging from $387.14 USD to $388.11 USD; the price reported above reflects the weighted average sale price.
2. F2. This transaction was executed in multiple trades at prices ranging from $388.16 USD to $388.975 USD; the price reported above reflects the weighted average sale price.
3. F3. Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the restricted stock award vests each year on the anniversary of the grant date.
4. F4. The conversion rate of this derivative security on February 12, 2026 is 1.1534 resulting in 9,797.849 shares of common stock (underlying security in column 7).
5. F5. Immediate
6. F6. 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.

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Accepted by SEC EDGAR 02/17/2026 - 05:22 PM Learn about SEC filing dates

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^*

RAMU RAYMOND R

(Last) (First) (Middle)

11465 JOHNS CREEK PARKWAY, SUITE 400

(Street)

JOHNS CREEK GA 30097

(City) (State) (Zip)

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)
	Exec. VP & Chief Customer Off.

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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

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

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

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	02/12/2026		A		2,299(3)	A	$0.00	8,857	D
Common Stock	02/13/2026		S		3,709	D	$387.7345(1)	5,148	D
Common Stock	02/13/2026		S		1,517	D	$388.4764(2)	3,631	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	(4)							(5)	(6)	Common Stock	8,494.794		8,494.794	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $387.14 USD to $388.11 USD; the price reported above reflects the weighted average sale price.

2. This transaction was executed in multiple trades at prices ranging from $388.16 USD to $388.975 USD; the price reported above reflects the weighted average sale price.

3. Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the restricted stock award vests each year on the anniversary of the grant date.

4. The conversion rate of this derivative security on February 12, 2026 is 1.1534 resulting in 9,797.849 shares of common stock (underlying security in column 7).

5. Immediate

6. 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.

Remarks:

	/s/ Kelly W. Benton	02/17/2026
	** 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.
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