SAIA Inc. received an amended Schedule 13G reporting that investment manager Viking Global Investors LP and affiliated funds collectively beneficially own 1,088,582 shares of SAIA common stock, representing 4.1% of the outstanding shares. The position is held through multiple Viking entities, including Viking Global Equities II, Viking Global Equities Master, Viking Long Fund Master and Viking Global Opportunities Liquid Portfolio Sub-Master. None of the Viking entities or individual executives has sole voting or dispositive power; all authority over these shares is shared across the Viking structure. The ownership percentages are based on 26,642,641 SAIA shares outstanding as of October 28, 2025, and the filing confirms the securities are not held to change or influence control of SAIA.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
SAIA INC
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
78709Y105
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
VIKING GLOBAL INVESTORS LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,088,582.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,088,582.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,088,582.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
VIKING GLOBAL PERFORMANCE LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
709,638.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
709,638.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
709,638.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.7 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Global Equities II LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,189.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,189.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,189.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Global Equities Master Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
695,449.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
695,449.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
695,449.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.6 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Long Fund GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
269,662.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
269,662.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
269,662.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Long Fund Master Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
269,662.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
269,662.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
269,662.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Global Opportunities Parent GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,282.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,282.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,282.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Global Opportunities GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,282.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,282.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,282.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Global Opportunities Portfolio GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,282.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,282.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,282.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Viking Global Opportunities Liquid Portfolio Sub-Master LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
109,282.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
109,282.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
109,282.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
HALVORSEN OLE ANDREAS
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NORWAY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,088,582.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,088,582.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,088,582.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Ott David C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,088,582.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,088,582.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,088,582.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP No.
78709Y105
1
Names of Reporting Persons
Shabet Rose Sharon
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,088,582.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,088,582.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,088,582.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SAIA INC
(b)
Address of issuer's principal executive offices:
11465 Johns Creek Parkway, Suite 400, Johns Creek, Georgia, 30097
Item 2.
(a)
Name of person filing:
Viking Global Investors LP ("VGI"),
Viking Global Performance LLC ("VGP"),
Viking Global Equities II LP ("VGEII"),
Viking Global Equities Master Ltd. ("VGEM"),
Viking Long Fund GP LLC ("VLFGP"),
Viking Long Fund Master Ltd. ("VLFM"),
Viking Global Opportunities Parent GP LLC ("Opportunities Parent"),
Viking Global Opportunities GP LLC ("Opportunities GP"),
Viking Global Opportunities Portfolio GP LLC ("Opportunities Portfolio GP"),
Viking Global Opportunities Liquid Portfolio Sub-Master LP ("VGOL"),
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet (collectively, the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is: 600 Washington Boulevard, Floor 11, Stamford, Connecticut 06901.
(c)
Citizenship:
VGI and VGEII are Delaware limited partnerships; VGP, VLFGP, Opportunities Parent, Opportunities GP and Opportunities Portfolio GP are Delaware limited liability companies; VGEM and VLFM are Cayman Islands exempted companies; VGOL is a Cayman Islands exempted limited partnership; O. Andreas Halvorsen is a citizen of Norway; and David C. Ott and Rose S. Shabet are citizens of the United States.
(d)
Title of class of securities:
Common Stock, par value $0.001 per share
(e)
CUSIP No.:
78709Y105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
VGI: 1,088,582
VGI provides managerial services to VGEII, VGEM, VLFM and VGOL. VGI has the authority to dispose of and vote the shares of Common Stock directly owned by VGEII, VGEM, VLFM and VGOL. VGI does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act"), VGI may be deemed to beneficially own the shares of Common Stock directly held by VGEII, VGEM, VLFM and VGOL.
VGP: 709,638
VGP, as the general partner of VGEII, has the authority to dispose of and vote the shares of Common Stock directly owned by VGEII. VGP serves as investment manager to VGEM and has the authority to dispose of and vote the shares of Common Stock directly owned by VGEM. VGP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, VGP may be deemed to beneficially own the shares of Common Stock directly held by VGEII and VGEM.
VGEII: 14,189
VGEII has the authority to dispose of and vote the shares of Common Stock directly owned by it, which power may be exercised by its general partner, VGP, and by VGI, an affiliate of VGP, which provides managerial services to VGEII.
VGEM: 695,449
VGEM has the authority to dispose of and vote the shares of Common Stock directly owned by it, which power may be exercised by its investment manager, VGP, and by VGI, an affiliate of VGP, which provides managerial services to VGEM. Viking Global Equities LP (a Delaware limited partnership) and Viking Global Equities III Ltd. (a Cayman Islands exempted company), through its investment in VGE III Portfolio Ltd. (a Cayman Islands exempted company), invest substantially all of their assets through VGEM.
VLFGP: 269,662
VLFGP serves as the investment manager of VLFM and has the authority to dispose of and vote the shares of Common Stock directly owned by VLFM. VLFGP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, VLFGP may be deemed to beneficially own the shares of Common Stock directly held by VLFM.
VLFM: 269,662
VLFM has the authority to dispose of and vote the shares of Common Stock directly owned by it, which power may be exercised by its investment manager, VLFGP, and by VGI, an affiliate of VLFGP, which provides managerial services to VLFM. Viking Long Fund LP (a Delaware limited partnership) and Viking Long Fund III Ltd. (a Cayman Islands exempted company), through its investment in Viking Long Fund Intermediate L.P. (a Cayman Islands limited partnership), invest substantially all of their assets through VLFM.
Opportunities Parent: 109,282
Opportunities Parent is the sole member of Opportunities GP, which has the authority to dispose of and vote the shares of Common Stock controlled by Opportunities Portfolio GP, which consists of the shares of Common Stock directly held by VGOL. Opportunities Parent does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, Opportunities Parent may be deemed to beneficially own the shares of Common Stock directly held by VGOL.
Opportunities GP: 109,282
Opportunities GP serves as the sole member of Opportunities Portfolio GP and has the authority to dispose of and vote the shares of Common Stock controlled by Opportunities Portfolio GP, which consists of the shares of Common Stock directly held by VGOL. Opportunities GP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, Opportunities GP may be deemed to beneficially own the shares of Common Stock directly held by VGOL.
Opportunities Portfolio GP: 109,282
Opportunities Portfolio GP serves as the general partner of VGOL and has the authority to dispose of and vote the shares of Common Stock directly owned by VGOL. Opportunities Portfolio GP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, Opportunities Portfolio GP may be deemed to beneficially own the shares of Common Stock directly held by VGOL.
VGOL: 109,282
VGOL has the authority to dispose of and vote the shares of Common Stock directly owned by it, which power may be exercised by its general partner, Opportunities Portfolio GP, and by VGI, an affiliate of Opportunities Portfolio GP, which provides managerial services to VGOL.
Viking Global Opportunities LP (a Delaware limited partnership) and Viking Global Opportunities III LP (a Cayman Islands exempted limited partnership), through its investment in Viking Global Opportunities Intermediate LP (a Cayman Islands exempted limited partnership), invest substantially all of their assets in Viking Global Opportunities Master LP (a Cayman Islands exempted limited partnership), which in turn invests through VGOL.
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 1,088,582
Mr. Halvorsen, Mr. Ott and Ms. Shabet, as Executive Committee Members of Viking Global Partners LLC (general partner of VGI), VGP, VLFGP and Opportunities Parent, have shared authority to dispose of and vote the shares of Common Stock beneficially owned by VGI, VGP, VLFGP and Opportunities Parent. None of Mr. Halvorsen, Mr. Ott and Ms. Shabet directly owns any shares of Common Stock.
Based on Rule 13d-3 under the Act, each may be deemed to beneficially own the shares of Common Stock directly held by VGEII, VGEM, VLFM and VGOL.
Mr. Halvorsen, Mr. Ott and Ms. Shabet each beneficially own 1,088,582 shares of Common Stock consisting of (i) 14,189 shares of Common Stock directly and beneficially owned by VGEII, (ii) 695,449 shares of Common Stock directly and beneficially owned by VGEM, (iii) 269,662 shares of Common Stock directly and beneficially owned by VLFM and (iv) 109,282 shares of Common Stock directly and beneficially owned by VGOL.
(b)
Percent of class:
The percentages set forth herein are based on 26,642,641 shares of Common Stock outstanding as of October 28, 2025, as reported by the Issuer in its quarterly report on Form 10-Q, filed with the U.S. Securities and Exchange Commission (the "Commission") on October 30, 2025.
VGI: 4.1%
VGP: 2.7%
VGEII: 0.1%
VGEM: 2.6%
VLFGP: 1.0%
VLFM: 1.0%
Opportunities Parent: 0.4%
Opportunities GP: 0.4%
Opportunities Portfolio GP: 0.4%
VGOL: 0.4%
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 4.1%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
VGI: 0
VGP: 0
VGEII: 0
VGEM: 0
VLFGP: 0
VLFM: 0
Opportunities Parent: 0
Opportunities GP: 0
Opportunities Portfolio GP: 0
VGOL: 0
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 0
(ii) Shared power to vote or to direct the vote:
VGI: 1,088,582
VGP: 709,638
VGEII: 14,189
VGEM: 695,449
VLFGP: 269,662
VLFM: 269,662
Opportunities Parent: 109,282
Opportunities GP: 109,282
Opportunities Portfolio GP: 109,282
VGOL: 109,282
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 1,088,582
(iii) Sole power to dispose or to direct the disposition of:
VGI: 0
VGP: 0
VGEII: 0
VGEM: 0
VLFGP: 0
VLFM: 0
Opportunities Parent: 0
Opportunities GP: 0
Opportunities Portfolio GP: 0
VGOL: 0
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 0
(iv) Shared power to dispose or to direct the disposition of:
VGI: 1,088,582
VGP: 709,638
VGEII: 14,189
VGEM: 695,449
VLFGP: 269,662
VLFM: 269,662
Opportunities Parent: 109,282
Opportunities GP: 109,282
Opportunities Portfolio GP: 109,282
VGOL: 109,282
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 1,088,582
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The response to Item 4 is incorporated by reference herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
VIKING GLOBAL INVESTORS LP
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Investors LP (1)(2)(3)
Date:
02/17/2026
VIKING GLOBAL PERFORMANCE LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Performance LLC (1)(2)(3)
Date:
02/17/2026
Viking Global Equities II LP
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Equities II LP (1)(2)(3)
Date:
02/17/2026
Viking Global Equities Master Ltd.
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Equities Master Ltd. (1)(2)(3)
Date:
02/17/2026
Viking Long Fund GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Long Fund GP LLC (1)(2)(3)
Date:
02/17/2026
Viking Long Fund Master Ltd.
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Long Fund Master Ltd. (1)(2)(3)
Date:
02/17/2026
Viking Global Opportunities Parent GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Parent GP LLC (1)(2)(3)
Date:
02/17/2026
Viking Global Opportunities GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities GP LLC (1)(2)(3)
Date:
02/17/2026
Viking Global Opportunities Portfolio GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Portfolio GP LLC (1)(2)(3)
Date:
02/17/2026
Viking Global Opportunities Liquid Portfolio Sub-Master LP
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Liquid Portfolio Sub-Master LP (1)(2)(3)
Date:
02/17/2026
HALVORSEN OLE ANDREAS
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
Date:
02/17/2026
Ott David C.
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of David C. Ott (2)
Date:
02/17/2026
Shabet Rose Sharon
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Rose S. Shabet (3)
Date:
02/17/2026
Comments accompanying signature: (1) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL PERFORMANCE LLC, on behalf of itself and VIKING GLOBAL EQUITIES II LP and VIKING GLOBAL EQUITIES MASTER LTD., and as an Executive Committee Member of VIKING LONG FUND GP LLC, on behalf of itself and VIKING LONG FUND MASTER LTD., and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, and VIKING GLOBAL OPPORTUNITIES LIQUID PORTFOLIO SUB-MASTER LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).
(2) Scott M. Hendler is signing on behalf of David C. Ott, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL PERFORMANCE LLC, on behalf of itself and VIKING GLOBAL EQUITIES II LP and VIKING GLOBAL EQUITIES MASTER LTD., and as an Executive Committee Member of VIKING LONG FUND GP LLC, on behalf of itself and VIKING LONG FUND MASTER LTD., and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, and VIKING GLOBAL OPPORTUNITIES LIQUID PORTFOLIO SUB-MASTER LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Ott on February 12, 2021 (SEC File No. 005-49737).
(3) Scott M. Hendler is signing on behalf of Rose S. Shabet, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL PERFORMANCE LLC, on behalf of itself and VIKING GLOBAL EQUITIES II LP and VIKING GLOBAL EQUITIES MASTER LTD., and as an Executive Committee Member of VIKING LONG FUND GP LLC, on behalf of itself and VIKING LONG FUND MASTER LTD., and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, and VIKING GLOBAL OPPORTUNITIES LIQUID PORTFOLIO SUB-MASTER LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Ms. Shabet on February 12, 2021 (SEC File No. 005-49737).
What ownership stake does Viking Global report in SAIA (SAIA) in this Schedule 13G/A?
Viking Global and its affiliates report beneficial ownership of 1,088,582 SAIA common shares, representing 4.1% of the outstanding stock. This stake is spread across several Viking funds and entities under common management.
How is Viking Globals SAIA (SAIA) position structured across its funds?
The filing shows SAIA shares held through Viking Global Equities II, Viking Global Equities Master, Viking Long Fund Master and Viking Global Opportunities Liquid Portfolio Sub-Master. Management and voting authority run through Viking Global Investors and related general partners.
Do Viking Global entities have sole or shared voting power over SAIA (SAIA) shares?
The report indicates zero sole voting power and 1,088,582 shares with shared voting power for Viking Global Investors and certain executives. Dispositive power over these shares is also entirely shared among the Viking entities.
What is the reference share count used to calculate Vikings SAIA (SAIA) ownership percentage?
Ownership percentages are calculated using 26,642,641 SAIA common shares outstanding as of October 28, 2025, as reported by SAIA in its Form 10-Q filed with the U.S. Securities and Exchange Commission.
Are Viking Globals SAIA (SAIA) shares held to influence control of the company?
The certification states the SAIA securities were not acquired and are not held for the purpose or effect of changing or influencing control of SAIA, other than activities related to a nomination under specified proxy rules.
Which individuals are associated with Viking Globals SAIA (SAIA) holdings?
The filing lists O. Andreas Halvorsen, David C. Ott and Rose S. Shabet as Executive Committee Members with shared authority over 1,088,582 SAIA shares beneficially owned through various Viking-managed entities.
