Sleep Number (SNBR) grants stock awards to principal accounting officer

Rhea-AI Filing Summary

Sleep Number Corp principal accounting officer Kelly F. Baker received stock-based compensation in the form of common stock awards. On March 16, 2026, she was granted 5,581 and 2,233 shares at no cash cost, increasing her direct holdings.

On the same date, 352 shares were withheld at $3.45 per share to cover estimated taxes tied to the vesting of 966 restricted shares, which is a routine, non-market disposition. After these transactions, she directly holds 10,359 restricted stock units that are scheduled to 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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Baker Kelly F.

(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)
	Principal Accounting 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		5,581	A	$0	8,478	D
Common Stock	03/16/2026		A		2,233	A	$0	10,711	D
Common Stock	03/16/2026		F		352(1)	D	$3.45	10,359(2)	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. On 3/16/26, 966 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 10,359 restricted stock units that will vest over time.

Remarks:

	/s/ Kelly F. Baker, 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 Kelly F. Baker?

Sleep Number reported that principal accounting officer Kelly F. Baker received common stock awards and had shares withheld for taxes. She was granted 7,814 shares in total and 352 shares were withheld to cover estimated tax obligations linked to restricted stock vesting.

How many Sleep Number (SNBR) shares were granted to Kelly F. Baker?

Kelly F. Baker was granted 5,581 and 2,233 shares of Sleep Number common stock on March 16, 2026. These grants, recorded at zero purchase price, represent stock-based compensation rather than open-market share purchases for cash.

Why were 352 Sleep Number (SNBR) shares withheld from Kelly F. Baker?

A total of 352 shares were withheld to cover Kelly F. Baker’s estimated tax obligation. The filing explains that 966 shares vested from a restricted stock award, and a portion of those vesting shares was retained by the company for tax payment purposes.

Did Kelly F. Baker sell Sleep Number (SNBR) shares in the open market?

The transactions do not show any open-market sales by Kelly F. Baker. The only disposition is 352 shares withheld by the company to pay taxes on vesting restricted stock, a standard non-market mechanism that does not represent a discretionary sale.

How many Sleep Number (SNBR) shares does Kelly F. Baker hold after these transactions?

After the reported transactions, Kelly F. Baker holds 10,359 restricted stock units. The filing notes that these units will vest over time, meaning they convert into freely owned shares as specific vesting conditions and time-based schedules are satisfied.

What is the nature of Kelly F. Baker’s Sleep Number (SNBR) awards?

The awards to Kelly F. Baker are restricted stock and restricted stock units that vest over time. They were granted at no cash cost, aligning with typical executive compensation structures where equity vests gradually to support retention and long-term performance incentives.