Sendgrid API Throttling Or A Setting? Only sends 100 Emails In A Batch

So I've got a list of 5,000 and I'm sending via Sendgrid which I've used for years. This is the first time though using their API. I have everything setup correct on the Sendgrid side and have a reputation of 98%.

When I send emails via the plugin it only sends 100 at a time even though I have the plugin set for more.... see this screenshot.

https://www.screencast.com/t/ceKfeqST7P

Is Sendgrid throttling me and if so does this get increased after a while or is this a setting the plugin. I think when I was sending via Elastic Email I could send a lot more at the same time.
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