FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RAMU RAYMOND R
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.
(Last)          (First)          (Middle)

11465 JOHNS CREEK PARKWAY, SUITE 400
3. Date of Earliest Transaction (MM/DD/YYYY)

8/12/2022
(Street)

JOHNS CREEK, GA 30097
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 8/12/2022  M  6500.00 A$66.03 16753.00 D  
Common Stock 8/12/2022  S  2000.00 D$248.7056 (1)14753.00 D  
Common Stock 8/12/2022  S  4974.00 D$247.3303 (2)9779.00 D  
Common Stock 8/12/2022  S  5500.00 D$247.1786 (3)4279.00 D  
Common Stock 8/12/2022  S  1000.00 D$248.7635 (4)3279.00 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy) $66.03 8/12/2022  M     6500.00  2/7/2022 2/7/2026 Common Stock 6500.00 $0.00 0.00 D  
Phantom Stock  (5)           (6) (7)Common Stock 7073.244  7073.244 D  
Stock Options (Right to Buy) $277.86            (8)2/7/2029 Common Stock 1920.00  1920.00 D  
Stock Options (Right to Buy) $200.81            (8)2/11/2028 Common Stock 2100.00  2100.00 D  
Stock Options (Right to Buy) $100.20            (8)2/6/2027 Common Stock 3254.00  3254.00 D  

Explanation of Responses:
(1) This transaction was executed in multiple trades at prices ranging from $248.53 USD to $248.98 USD; the price reported above reflects the weighted average sale price.
(2) This transaction was executed in multiple trades at prices ranging from $247.09 USD to $247.67 USD; the price reported above reflects the weighted average sale price.
(3) This transaction was executed in multiple trades at prices ranging from $246.78 USD to $247.77 USD; the price reported above reflects the weighted average sale price.
(4) This transaction was executed in multiple trades at prices ranging from $248.715 USD to $248.895 USD; the price reported above reflects the weighted average sale price.
(5) The conversion rate of this derivative security on August 12, 2022 is 1.1445 resulting in 8,094.986 shares of common stock (underlying security in column 7).
(6) Immediate
(7) 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.
(8) Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
RAMU RAYMOND R
11465 JOHNS CREEK PARKWAY, SUITE 400
JOHNS CREEK, GA 30097


Exec. VP & Chief Customer Off.

Signatures
/s/ Kelly W. Benton8/16/2022
**Signature of Reporting PersonDate


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 control number.
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