[SCHEDULE 13G] Saia, Inc. SEC Filing

Rhea-AI Filing Summary

Viking Global and related entities report collective beneficial ownership of 1,337,356 shares of Saia, Inc. common stock, representing 5.02% of the 26,636,046 shares outstanding. The holding is held through a combination of funds and entities (including VGI, VGP, VGEM, VLFM and VGOL) where reporting persons have shared voting and dispositive power over the shares.

The filing details breakdowns by reporting entity: VGP reports 867,289 shares (3.3%), VGEM 849,944 shares (3.2%), VLFM 336,508 shares (1.3%), VGEII 17,345 shares (0.1%) and VGOL 133,559 shares (0.5%). Three executive committee members are each deemed to beneficially own 1,337,356 shares under Rule 13d-3 due to shared authority across the entities.

Positive

• Institutional stake above 5% reported: 1,337,356 shares representing 5.02% of outstanding common stock
• Detailed entity-level breakdown clarifies which funds/entities hold and control the shares, improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR The filing discloses a >5% stake by Viking Global affiliates, a meaningful passive position that could influence market interest.

The report shows a consolidated beneficial ownership equal to 5.02% of Saia's diluted shares based on the issuer's reported outstanding share count. Ownership is held across multiple funds and vehicles with shared voting and dispositive power rather than sole control. For investors, a >5% disclosure signals a sizable institutional position that may affect liquidity and suggests active portfolio allocation to the trucking/logistics sector represented by SAIA.

Corporate Governance Expert

TL;DR Shared voting/dispositive authority across related entities creates combined influence without single-party control.

The filing attributes shared voting and dispositive power to multiple Viking entities and identifies three individuals as having shared beneficial ownership under Rule 13d-3. This structure is typical for asset managers managing pooled funds. The disclosure clarifies that the positions are not held as sole power, which is relevant for governance assessments and any potential coordinated voting considerations.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SAIA INC

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

78709Y105

(CUSIP Number)

09/03/2025

(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 1,337,356.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,337,356.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,337,356.00

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)

5.02 %

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 867,289.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 867,289.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

867,289.00

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)

3.3 %

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 17,345.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,345.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,345.00

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 849,944.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 849,944.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

849,944.00

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)

3.2 %

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 336,508.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 336,508.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

336,508.00

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)

1.3 %

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 336,508.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 336,508.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

336,508.00

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)

1.3 %

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 133,559.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 133,559.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

133,559.00

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)

0.5 %

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 133,559.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 133,559.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

133,559.00

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)

0.5 %

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 133,559.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 133,559.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

133,559.00

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)

0.5 %

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 133,559.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 133,559.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

133,559.00

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)

0.5 %

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 1,337,356.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,337,356.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,337,356.00

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)

5.02 %

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 1,337,356.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,337,356.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,337,356.00

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)

5.02 %

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 1,337,356.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,337,356.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,337,356.00

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)

5.02 %

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: 1,337,356 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: 867,289 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: 17,345 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: 849,944 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: 336,508 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: 336,508 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: 133,559 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: 133,559 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: 133,559 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: 133,559 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: 1,337,356 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 1,337,356 shares of Common Stock consisting of (i) 17,345 shares of Common Stock directly and beneficially owned by VGEII, (ii) 849,944 shares of Common Stock directly and beneficially owned by VGEM, (iii) 336,508 shares of Common Stock directly and beneficially owned by VLFM and (iv) 133,559 shares of Common Stock directly and beneficially owned by VGOL.
(b)	Percent of class: The percentages set forth herein are based on 26,636,046 shares of Common Stock outstanding as of July 23, 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 July 25, 2025. VGI: 5.02% VGP: 3.3% VGEII: 0.1% VGEM: 3.2% VLFGP: 1.3% VLFM: 1.3% Opportunities Parent: 0.5% Opportunities GP: 0.5% Opportunities Portfolio GP: 0.5% VGOL: 0.5% O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 5.02%
(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: 1,337,356 VGP: 867,289 VGEII: 17,345 VGEM: 849,944 VLFGP: 336,508 VLFM: 336,508 Opportunities Parent: 133,559 Opportunities GP: 133,559 Opportunities Portfolio GP: 133,559 VGOL: 133,559 O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 1,337,356
	(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: 1,337,356 VGP: 867,289 VGEII: 17,345 VGEM: 849,944 VLFGP: 336,508 VLFM: 336,508 Opportunities Parent: 133,559 Opportunities GP: 133,559 Opportunities Portfolio GP: 133,559 VGOL: 133,559 O. Andreas Halvorsen, David C. Ott and Rose S. Shabet: 1,337,356
Item 5.	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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

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:	09/10/2025

HALVORSEN OLE ANDREAS

Signature:	/s/ Scott M. Hendler
Name/Title:	Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
Date:	09/10/2025

Ott David C.

Signature:	/s/ Scott M. Hendler
Name/Title:	Scott M. Hendler on behalf of David C. Ott (2)
Date:	09/10/2025

Shabet Rose Sharon

Signature:	/s/ Scott M. Hendler
Name/Title:	Scott M. Hendler on behalf of Rose S. Shabet (3)
Date:	09/10/2025

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).

Exhibit Information

EXHIBIT A - JOINT FILING AGREEMENT

FAQ

How many Saia (SAIA) shares does Viking Global beneficially own?

The Reporting Persons collectively beneficially own 1,337,356 shares of Saia common stock.

What percentage of SAIA does the 1,337,356 shares represent?

The position represents 5.02% of the 26,636,046 shares outstanding reported by the issuer.

Which Viking entities hold SAIA shares and what are their holdings?

Reported holdings include VGP 867,289 shares, VGEM 849,944, VLFM 336,508, VGEII 17,345, and VGOL 133,559 (entity totals overlap due to managerial relationships).

Do any individuals claim ownership in the filing?

Three executive committee members (O. Andreas Halvorsen, David C. Ott and Rose S. Shabet) are each deemed to beneficially own 1,337,356 shares under Rule 13d-3 due to shared authority across the reporting entities.

Does the filing indicate sole voting or dispositive power over the shares?

No. The filing discloses 0 sole voting power and 0 sole dispositive power for each reporting person; all reported powers are shared.