Sleep Number (SNBR) EVP disposes 30,720 common shares back to issuer

Rhea-AI Filing Summary

Sleep Number Corp EVP Christopher D. Krusmark reported a disposition of 30,720 shares of common stock to the issuer at a weighted average price of $0.3699 per share. The filing notes these shares were transacted in multiple trades between $0.36 and $0.38 per share.

After this issuer disposition, Krusmark beneficially owns 50,241 shares of Sleep Number common stock directly. He also holds an additional 3,130.1645 shares indirectly through a 401(k) plan, reflecting his remaining equity exposure following the reported transactions.

Insights

Equity compensation and insider-transactions analyst

EVP surrenders shares to issuer while retaining a sizable equity stake.

The filing shows EVP Christopher D. Krusmark disposed of 30,720 Sleep Number common shares to the issuer at a weighted average price of $0.3699. The footnote explains the disposition occurred through multiple trades between $0.36 and $0.38 per share.

Following the transaction, Krusmark holds 50,241 shares directly and 3,130.1645 shares indirectly via a 401(k). The code “D” indicates a disposition to the issuer rather than a typical open‑market sale, suggesting an administrative or plan-related event, though specific reasons are not described.

Overall, this appears as a routine insider equity adjustment rather than a transformative move. The remaining direct and indirect holdings maintain meaningful alignment with shareholders, and there are no derivative positions listed in this filing’s derivative summary.

Insider Trade Summary

Net Seller: 30,720 shares

Net Sell 2 txns

Insider Krusmark Christopher D

Role EVP, Retail & People Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock	30,720	$0.3699	$11K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 50,241 shares (Direct); Common Stock — 3,130.1645 shares (Indirect, by 401(k))

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $0.3600 and $0.3800. 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.

Key Figures

Shares disposed to issuer: 30,720 shares Weighted average price: $0.3699 per share Direct holdings after transaction: 50,241 shares +1 more

4 metrics

Shares disposed to issuer 30,720 shares Common stock disposition coded “D” on 2026-06-12

Weighted average price $0.3699 per share Average price for 30,720-share disposition, trades $0.36–$0.38

Direct holdings after transaction 50,241 shares Common stock beneficially owned directly after disposition

Indirect 401(k) holdings after transaction 3,130.1645 shares Common stock held indirectly through 401(k) plan

Key Terms

Disposition to issuer, weighted average price, 401(k)

3 terms

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer" for 30,720 shares"

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.

401(k) financial

"Indirect ownership noted as "by 401(k)" for 3,130.1645 shares"

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/15/2026 - 04:31 PM Accepted by SEC EDGAR 06/15/2026 - 04:31 PM Learn about SEC filing dates

FAQ

What insider transaction did Sleep Number (SNBR) report for EVP Christopher Krusmark?

Sleep Number reported that EVP Christopher D. Krusmark disposed of 30,720 shares of common stock to the issuer. The weighted average price was $0.3699 per share, with multiple trades executed between $0.36 and $0.38 according to the filing’s footnote.

At what price did the Sleep Number EVP’s 30,720-share disposition occur?

The 30,720-share disposition by Sleep Number EVP Christopher Krusmark occurred at a weighted average price of $0.3699 per share. The filing explains that individual trades took place in a range between $0.36 and $0.38, resulting in the reported average price.

How many Sleep Number (SNBR) shares does the EVP own after the Form 4 transaction?

After the reported Form 4 transaction, EVP Christopher Krusmark directly owns 50,241 Sleep Number common shares. He also indirectly owns 3,130.1645 shares through a 401(k) plan, showing his remaining beneficial holding following the issuer disposition of 30,720 shares.

Was the Sleep Number EVP’s transaction an open-market sale or a disposition to the issuer?

The transaction is classified with code “D,” meaning a disposition to the issuer, not a standard open-market sale. While the footnote references multiple trades in a price range, the structured data identifies the event as an issuer disposition rather than a typical market sale.

Does the Sleep Number Form 4 show any remaining derivative securities for the EVP?

The Form 4 derivative summary for EVP Christopher Krusmark is empty, indicating no listed remaining derivative securities such as options or warrants in this filing. The reported holdings consist of common stock owned directly and through a 401(k) plan after the transaction.

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^*

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, Retail & People 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		30,720	D	$0.3699(1)	50,241	D
Common Stock								3,130.1645	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $0.3600 and $0.3800. 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/ Christopher D. Krusmark, 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)