Sleep Number files notice to sell 40,000 shares

Rhea-AI Filing Summary

Sleep Number Corp reported a proposed sale notice of 40,000 shares on a Form 144 to be handled through Charles Schwab & Co., Inc. The filing lists prior equity entries including 37,191 RSUs (03/21/2020), an exercise-and-hold of 309 shares (02/28/2023), and an open-market purchase of 2,500 shares (11/10/2023).

Insights

Securities Attorney

Form 144 notifies a proposed resale of 40,000 shares via Charles Schwab.

The filing is a statutory notice of an intended resale under Rule 144; it does not confirm execution or proceeds. The record lists specific equity events by date, including restricted stock units and a small open‑market purchase.

Timing and cash‑flow treatment are not stated in the excerpt; subsequent filings or broker reports would show whether and how the sales were executed.

Key Figures

Proposed resale: 40,000 shares RSUs listed: 37,191 shares Exercise & Hold: 309 shares +3 more

6 metrics

Proposed resale 40,000 shares Form 144 notice, broker listed Charles Schwab

RSUs listed 37,191 shares RSU / PSU entry dated 03/21/2020

Exercise & Hold 309 shares Exercise & Hold dated 02/28/2023

Open-market purchase 2,500 shares Open Market Purchase dated 11/10/2023

Listing venue NASDAQ Exchange indicated on the filing

Broker address 3000 Schwab Way, Westlake TX 76262 Charles Schwab & Co., Inc. contact listed

Key Terms

Form 144, RSU / PSU, Exercise & Hold, Open Market Purchase

4 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

RSU / PSU financial

"Common | 03/21/2020 | RSU / PSU - see remarks"

Exercise & Hold financial

"Common | 02/28/2023 | Exercise & Hold"

Open Market Purchase market

"Common | 11/10/2023 | Open Market Purchase"

An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Sleep Number's Form 144 for SNBR report?

It reports a proposed resale notice for 40,000 shares via Charles Schwab. The form lists historical equity events: 37,191 RSUs dated 03/21/2020, an exercise of 309 shares on 02/28/2023, and a 2,500-share open-market purchase on 11/10/2023.

Does the Form 144 mean shares have already been sold?

No; Form 144 is a notice of intent to sell and does not prove completion of a sale. Execution details, timing, and proceeds would appear in later filings or broker confirmations if the resale occurred.

Who is the broker handling the proposed resale in this filing?

The filing identifies Charles Schwab & Co., Inc. as the broker at the listed address. The excerpt shows the broker name and an execution channel but does not state whether the sale was executed or the cash‑flow recipient.

What equity events are listed as background in the Form 144 excerpt?

The excerpt lists 37,191 RSUs dated 03/21/2020, an exercise-and-hold of 309 shares on 02/28/2023, and an open-market purchase of 2,500 shares on 11/10/2023. These items are shown as historical entries in the securities table.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 04:05 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001750478
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Sleep Number Corp
SEC File Number	000-25121
Address of Issuer	1001 THIRD AVENUE SOUTH MINNEAPOLIS MINNESOTA 55404
Phone	7635517000
Name of Person for Whose Account the Securities are To Be Sold	Hellfeld Samuel R
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	40000	15600.00	23049000	06/12/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/21/2020	RSU / PSU - see remarks	Sleep Number Corp			37191	03/21/2020	Equity Compensation
Common	02/28/2023	Exercise & Hold	Sleep Number Corp			309	02/28/2023	Cash
Common	11/10/2023	Open Market Purchase	Sleep Number Corp			2500	11/10/2023	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	The shares in this filing were acquired and paid for between 3/21/2020 and 3/15/2026.
Date of Notice	06/12/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Samuel R Hellfeld
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)