EVP Patrick Sugar sells 2.7K shares ($1.0M) at $386.74; stock -23.1% from 52-week high but +10.7% in 30 days.
SAIA's EVP of Operations sold 2,706 shares for $1,046,518.71, reducing his holdings by -22.9% to 9,121 shares post-transaction. The sale occurred at $386.74, against a current price of $388.35 and a 52-week high of $504.96. The stock has recovered meaningfully in recent weeks (+10.7% over 30 days, +53.4% over 90 days), though it remains -23.1% below its recent peak. The insider's cross-ticker track record shows a 100.00% well-timed sell rate across 3 prior transactions, with a concerning 90-day average return of -16.0%, suggesting his prior sells preceded declines. At SAIA specifically, all 3 prior trades (all sales on 2023-08-02) also exhibited negative 90-day performance (-16.0%, -16.0%, -15.9%). The sale follows a period of strong recovery, and the company's fundamentals remain solid (P/E 36.46, annual revenue growth +11.4%, net income $86.3M on $839.6M quarterly revenue). The timing and scale of this sale warrant monitoring given the insider's demonstrated pattern of well-timed exits, though the company's operational strength and recent stock momentum temper the bearish signal.