Sleep Number (NASDAQ: SNBR) HR chief receives stock award and covers taxes

Rhea-AI Filing Summary

Sleep Number Corp EVP & Chief H.R. Officer Christopher D. Krusmark reported equity compensation and related tax withholding in company stock. On 3/16/26, he received a grant or award of 33,483 shares of Common Stock at no stated purchase price, increasing his direct holdings. The same day, 3,166 shares were disposed of at $3.45 per share to cover estimated tax obligations tied to vesting, a non‑market transaction. After these entries, he directly holds 80,961 shares of Common Stock and indirectly holds 2,402.9836 shares through a 401(k) plan. A footnote also notes 50,464 restricted stock units that are scheduled to vest over time, indicating additional potential future share delivery as vesting conditions are met.

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^*

Krusmark Christopher D

(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 H.R. Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		A		33,483	A	$0	84,127	D
Common Stock	03/16/2026		F		3,166(1)	D	$3.45	80,961(2)	D
Common Stock								2,402.9836	I	by 401(k)

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. On 3/16/26, 10,343 shares vested from a restricted stock award. These shares were withheld from the vesting to cover the reporting person's estimated tax obligation.

2. Includes 50,464 restricted stock units that will vest over time.

Remarks:

	/s/ Christopher D. Krusmark, by Brandon Rykkeli, attorney-in-fact	03/18/2026
	** 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 Christopher D. Krusmark?

Sleep Number reported that EVP & Chief H.R. Officer Christopher D. Krusmark received a grant of 33,483 shares of Common Stock. The filing also shows a related tax-withholding disposition, reflecting routine equity compensation rather than an open-market stock purchase or sale.

How many Sleep Number (SNBR) shares were withheld for taxes in this Form 4?

The Form 4 shows that 3,166 shares of Sleep Number Common Stock were disposed of at $3.45 per share. This F-code transaction reflects shares withheld to satisfy estimated tax obligations connected to vesting, not an open-market sale initiated by the executive.

What are Christopher D. Krusmark’s Sleep Number (SNBR) holdings after this Form 4?

After the reported transactions, Christopher D. Krusmark directly holds 80,961 shares of Sleep Number Common Stock. He also has an indirect holding of 2,402.9836 shares through a 401(k) plan, plus 50,464 restricted stock units scheduled to vest over time.

Does the Sleep Number (SNBR) Form 4 show an open-market stock sale by the executive?

The Form 4 does not show an open-market sale. It records an equity grant of 33,483 shares and a 3,166-share F-code disposition for tax withholding, which is a mechanical step tied to vesting rather than a discretionary market transaction.

What do the restricted stock units in Sleep Number (SNBR) mean for future shares?

The filing notes 50,464 restricted stock units that will vest over time. As these units vest, they can convert into Sleep Number Common Stock for Christopher D. Krusmark, adding to his ownership if vesting conditions and continued service requirements are satisfied.