[Form 4] Sleep Number Corp Insider Trading Activity

Rhea-AI Filing Summary

Sleep Number Corp (SNBR) insider equity update: Senior Vice President and Chief Supply Chain Officer Tanya C. Skogerboe reported equity activity effective 11/14/2025. On that date, 4,638 shares of Sleep Number common stock vested from restricted stock unit awards, and the reporting person covered the related estimated tax obligation in cash rather than by selling shares. Following the transaction, Skogerboe beneficially owned 47,877 shares of common stock directly and 2,517.4642 shares indirectly through a 401(k) plan, including 33,640 restricted stock units that vest over time.

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

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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^*

Skogerboe Tanya C.

(Last) (First) (Middle)

1003 THIRD AVENUE SOUTH

(Street)

MINNEAPOLIS MN 55404

(City) (State) (Zip)

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)
	SVP, Chief Supply Chain

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. 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 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								47,877(1)	D
Common Stock								2,517.4642	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. Includes 33,640 restricted stock units that vest over time. On 11/14/2025, 4,638 shares vested from restricted stock unit awards. The reporting person covered their estimated tax obligation in cash.

Remarks:

	Tanya C. Skogerboe by Brandon Rykkeli, attorney-in-fact	11/17/2025
	** 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 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.

FAQ

What insider transaction did Sleep Number (SNBR) report for Tanya C. Skogerboe?

The filing reports that on 11/14/2025, SVP and Chief Supply Chain Officer Tanya C. Skogerboe had 4,638 shares of Sleep Number common stock vest from restricted stock unit awards.

How many Sleep Number (SNBR) shares does Tanya C. Skogerboe own after this Form 4?

After the reported transaction, Tanya C. Skogerboe beneficially owned 47,877 shares of Sleep Number common stock directly and 2,517.4642 shares indirectly through a 401(k) plan.

What portion of Tanya C. Skogerboe’s SNBR holdings are restricted stock units?

The filing states that her holdings include 33,640 restricted stock units, which are scheduled to vest over time as part of her equity compensation.

How were taxes handled on the 4,638 vested Sleep Number (SNBR) shares?

For the 4,638 shares that vested on 11/14/2025, the reporting person covered the estimated tax obligation in cash, rather than by selling shares.

What is Tanya C. Skogerboe’s role at Sleep Number (SNBR)?

Tanya C. Skogerboe is reported as an officer of Sleep Number Corp, serving as SVP, Chief Supply Chain.

Does this Sleep Number (SNBR) Form 4 involve derivative securities?

The derivative securities table is included, but the explanation specifies restricted stock units and vested 4,638 shares of common stock as the key activity in this report.