Sleep Number (SNBR) SVP granted shares, with some withheld for tax

Rhea-AI Filing Summary

Sleep Number Corp senior vice president and Chief Supply Chain officer Tanya C. Skogerboe reported compensation-related stock activity. She received a grant or award of 22,322 shares of common stock at no cost, increasing her direct holdings.

On the same date, 3,547 shares were withheld at $3.45 per share to cover estimated tax obligations tied to the vesting of 10,876 restricted shares, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 66,652 common shares and indirectly holds 2,517.4642 shares through a 401(k), and her position also includes 45,086 restricted stock units that will 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

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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 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)
	SVP, Chief Supply Chain

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		22,322	A	$0	70,199	D
Common Stock	03/16/2026		F		3,547(1)	D	$3.45	66,652(2)	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. On 3/16/26, 10,876 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 45,086 restricted stock units that will vest over time.

Remarks:

	/s/ Tanya C. Skogerboe 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) executive Tanya Skogerboe report?

Sleep Number executive Tanya C. Skogerboe reported a compensation-related stock grant and a related tax-withholding transaction. She received 22,322 common shares as a grant or award and had 3,547 shares withheld to cover estimated taxes on vested restricted stock, rather than selling shares on the market.

How many Sleep Number (SNBR) shares were granted to Tanya Skogerboe?

Tanya Skogerboe was granted or awarded 22,322 shares of Sleep Number common stock at no purchase price. This grant increased her direct equity stake in the company as part of her compensation, rather than reflecting an open-market purchase transaction.

Why were some of Tanya Skogerboe’s Sleep Number (SNBR) shares withheld?

On the vesting of 10,876 restricted shares, 3,547 shares were withheld to cover estimated tax obligations. This is a standard mechanism where the company retains part of the vested shares instead of the executive selling stock to pay the associated taxes.

How many Sleep Number (SNBR) shares does Tanya Skogerboe hold after the transactions?

After these transactions, Tanya Skogerboe directly holds 66,652 Sleep Number common shares. She also indirectly holds 2,517.4642 shares through a 401(k) plan, providing both direct and retirement-plan exposure to the company’s stock.

What are the restricted stock units mentioned in the Sleep Number (SNBR) filing?

The filing notes that Skogerboe’s position includes 45,086 restricted stock units that will vest over time. These units represent additional potential shares that are scheduled to convert into common stock as time-based vesting conditions are satisfied.

Did Tanya Skogerboe sell Sleep Number (SNBR) shares in the open market?

The reported disposition of 3,547 shares was a tax-withholding transaction, not an open-market sale. Shares were withheld by the company to satisfy estimated taxes on vesting restricted stock, so it does not reflect a discretionary market sale.