Sleep Number (SNBR) director receives 15,067-share equity award and defers vested stock

Rhea-AI Filing Summary

KILPATRICK DEBORAH L. reported acquisition or exercise transactions in this Form 4 filing.

Sleep Number Corp director Deborah L. Kilpatrick reported an equity compensation grant in the form of restricted stock units. She received 15,067 shares of Common Stock as a grant or award with no purchase price. These restricted stock units will vest over time according to the company’s schedule.

After this award, Kilpatrick now holds 27,571 shares of Sleep Number common stock directly. A footnote explains that on May 21, 2026, 9,776 shares from a prior restricted stock unit award vested and she has deferred receipt of those shares, meaning she has chosen to delay actually taking delivery of the stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KILPATRICK DEBORAH L.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,067	$0.00	--

Holdings After Transaction: Common Stock — 27,571 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Equity grant: 15,067 shares Holdings after transaction: 27,571 shares Vested from prior award: 9,776 shares

3 metrics

Equity grant 15,067 shares Restricted stock unit grant reported as acquisition at $0.0000 per share

Holdings after transaction 27,571 shares Total Sleep Number common stock directly held after the grant

Vested from prior award 9,776 shares Shares that vested on May 21, 2026 from an earlier RSU award

Key Terms

restricted stock units, vest over time, deferred receipt, grant, award, or other acquisition

4 terms

restricted stock units financial

"Includes 15,067 restricted stock units that will vest over time."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest over time financial

"Includes 15,067 restricted stock units that will vest over time."

deferred receipt financial

"the reporting person has deferred receipt of the shares."

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KILPATRICK DEBORAH L.

(Last) (First) (Middle)

1001 THIRD AVENUE SOUTH

(Street)

MINNEAPOLIS MINNESOTA 55404

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	05/21/2026		A		15,067	A	$0	27,571(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 15,067 restricted stock units that will vest over time. On 5/21/26, 9,776 shares vested from a restricted stock unit award and the reporting person has deferred receipt of the shares.

Remarks:

	/s/ Deborah L. Kilpatrick by Brandon Rykkeli, attorney-in-fact	05/17/2026
	** 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 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 Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Sleep Number (SNBR) director Deborah Kilpatrick report on this Form 4?

Deborah Kilpatrick reported receiving an equity grant of 15,067 shares of Sleep Number common stock. The award was a grant or other acquisition at no cost, increasing her directly held position to 27,571 shares following the transaction date.

Is Deborah Kilpatrick buying or selling Sleep Number (SNBR) stock in this filing?

She is not buying or selling on the open market; she received 15,067 shares as a grant or award. This is a compensation-related acquisition of common stock rather than a discretionary purchase or sale of Sleep Number shares.

How many Sleep Number (SNBR) shares does Deborah Kilpatrick hold after this grant?

Following the reported grant, Deborah Kilpatrick directly holds 27,571 shares of Sleep Number common stock. This figure includes the newly granted 15,067 restricted stock units that will vest over time under the company’s equity compensation arrangements.

What does the 15,067 restricted stock units grant at Sleep Number (SNBR) mean?

The 15,067 restricted stock units represent a stock-based compensation award that will vest over time. As vesting conditions are met, the units convert into shares of Sleep Number common stock, aligning the director’s interests with long-term shareholder value.

What is the significance of the 9,776 vested shares mentioned in the Sleep Number (SNBR) Form 4?

The filing notes that 9,776 shares vested from a prior restricted stock unit award on May 21, 2026. Deborah Kilpatrick has deferred receipt of these vested shares, meaning she has chosen to delay taking actual delivery of the stock for now.