Sleep Number (SNBR) EVP disposes 40K shares in issuer transaction

Rhea-AI Filing Summary

Sleep Number Corp EVP Chief Legal & Risk Officer Samuel R. Hellfeld reported an insider transaction involving the company’s common stock. He disposed of 40,000 shares in a transaction coded as a disposition to the issuer at a weighted average price of $0.3900 per share, with individual trades between $0.3732 and $0.4100. Following the transaction, he directly owns 75,772 shares of Sleep Number common stock and indirectly holds 7,964.04 shares through a 401(k) plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hellfeld Samuel R

Role EVP Chief Legal & Risk Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	40,000	$0.39	$16K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 75,772 shares (Direct, null); Common Stock — 7,964.04 shares (Indirect, by 401k)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed: 40,000 shares Weighted average price: $0.3900 per share Price range: $0.3732–$0.4100 per share +2 more

5 metrics

Shares disposed 40,000 shares Common Stock disposition to issuer

Weighted average price $0.3900 per share Price for 40,000-share disposition

Price range $0.3732–$0.4100 per share Range of individual transaction prices

Direct holdings after transaction 75,772 shares Total direct common shares post-disposition

Indirect 401(k) holdings 7,964.04 shares Common shares held indirectly by 401(k)

Key Terms

Disposition to issuer, weighted average price, indirect, 401k, +1 more

5 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

indirect financial

""ownership_type": "indirect""

401k financial

""nature_of_ownership": "by 401k""

An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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^*

Hellfeld Samuel R

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Legal & Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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	06/12/2026		D		40,000	D	$0.39(1)	75,772	D
Common Stock								7,964.04	I	by 401k

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $0.3732 and $0.4100. The reporting person will provide to the SEC Staff, Sleep Number or any security holder of Sleep Number, upon request, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Samuel R. Hellfeld, by Kelly F. Baker, attorney-in-fact	06/12/2026
	** 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 insider transaction did Sleep Number (SNBR) report for Samuel R. Hellfeld?

Samuel R. Hellfeld reported a disposition of Sleep Number shares to the issuer. He transferred 40,000 shares of common stock in a transaction coded as a disposition to the issuer, reflecting a change in his direct ownership position while retaining a sizable remaining stake.

How many Sleep Number (SNBR) shares did Samuel R. Hellfeld dispose of?

Hellfeld disposed of 40,000 shares of Sleep Number common stock. The transaction was recorded as a disposition to the issuer at a weighted average price of $0.3900 per share, altering but not eliminating his direct equity position in the company.

At what price were Samuel R. Hellfeld’s Sleep Number (SNBR) shares transacted?

The weighted average price for Hellfeld’s transaction was $0.3900 per share. A footnote explains the shares were transacted in multiple trades within a price range between $0.3732 and $0.4100 per share, producing the reported weighted average.

How many Sleep Number (SNBR) shares does Samuel R. Hellfeld hold after the transaction?

After the transaction, Hellfeld holds 75,772 shares directly and 7,964.04 shares indirectly. The indirect holdings are through a 401(k) plan, while the direct holdings reflect his remaining personal stake following the 40,000-share disposition to the issuer.

What does “disposition to issuer” mean in the Sleep Number (SNBR) Form 4?

“Disposition to issuer” indicates shares were transferred back to Sleep Number itself. In Hellfeld’s case, 40,000 common shares moved from his direct ownership to the company, changing his stake without being categorized as an open-market sale in the structured transaction data.

How is Samuel R. Hellfeld’s indirect ownership in Sleep Number (SNBR) structured?

Hellfeld’s indirect ownership is held through a 401(k) plan. The Form 4 shows 7,964.04 Sleep Number common shares classified as indirectly owned, with the nature of ownership specified as “by 401k,” separate from his directly held 75,772 shares.