[Form 3] Sleep Number Corporation Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Sleep Number Corp. (SNBR) filed a Form 3 on 07/29/2025. The filing establishes the initial Section 16(a) ownership of Interim Principal Accounting Officer Kelly F. Baker.

• Securities beneficially owned: 2,897 shares of common stock, all represented by restricted stock units that vest over time.
• Ownership form: Direct; no indirect holdings or derivative securities were reported.
• Event date triggering filing: 07/21/2025 (date Ms. Baker became a reporting insider).

No purchases, sales, options, or other derivative positions were disclosed. The filing is administrative, has no immediate impact on Sleep Number’s capital structure, and does not indicate any change in insider sentiment beyond initial alignment.

Insights

Securities Analyst

TL;DR: Routine Form 3; 2,897 RSUs reported—immaterial to float and valuation.

This Form 3 simply documents Kelly F. Baker’s initial insider position after assuming Interim PAO duties. The 2,897 restricted stock units represent a negligible fraction of Sleep Number’s outstanding shares and convey no new information on trading intent, compensation trends, or company outlook. No derivative holdings, purchases, or sales are involved, so the disclosure is unlikely to influence market pricing or investor sentiment. Impact: administrative.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Baker Kelly F.

(Last) (First) (Middle)

1001 THIRD AVENUE SOUTH

(Street)

MINNEAPOLIS MN 55404

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2025

3. Issuer Name and Ticker or Trading Symbol
Sleep Number Corp [ SNBR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim PAO

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,897(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 2,897 Restricted Stock Units that will vest over time.

Remarks:

	/s/ Kelly F. Baker, by Brandon Rykkeli, attorney-in-fact	07/29/2025
	** Signature of Reporting Person	Date
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 5 (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 Number.

FAQ

Who is the insider named in Sleep Number (SNBR) Form 3?

Kelly F. Baker, the company’s Interim Principal Accounting Officer.

How many SNBR shares does Kelly F. Baker report owning?

She lists 2,897 restricted stock units representing common shares.

Does the Form 3 disclose any derivative securities?

No, no options or other derivatives are reported.

What event triggered this Form 3 filing for SNBR?

Baker became a Section 16 insider on 07/21/2025, requiring initial disclosure.

Is there any indication of recent insider buying or selling in this filing?

No; the filing only establishes existing RSUs and shows no transaction activity.