RAMU RAYMOND R 4

What Happened
Ramu Raymond R, Executive Vice President & Chief Customer Officer of SAIA (SAIA), had 152 shares disposed/withheld on February 5, 2026 to satisfy tax withholding obligations. The shares were valued at $404.75 each, totaling approximately $61,521. This was a tax-withholding disposition (routine), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-05; Filing date (Form 4): 2026-02-09 (timely file within required reporting window).
• Transaction code: F — shares withheld to cover tax liabilities. Price: $404.75 per share; total value ~$61,521.
• Reason: Footnote F1 — shares were withheld at the officer’s election to cover taxes from the vesting of restricted shares awarded in February 2025.
• Derivative/plan notes: Footnote F2 shows a conversion rate of 1.1534 for a related derivative security, resulting in 9,797.609 underlying common shares; F4 notes phantom stock becomes payable in common stock upon termination. F3 indicates the action was immediate.
• Shares owned after the transaction: not specified in the provided excerpt.

Context
Tax-withholding share dispositions are routine administrative transactions and do not, by themselves, indicate the insider is buying or selling stock as a market bet. The filing shows withholding to cover taxes on vested restricted awards and references a phantom-stock conversion mechanism; no open-market sale or new purchase was reported.