Sleep Number director sells 97K shares at $0.44

Sleep Number Corp director Stephen E. Macadam reported a disposition of 97,272 shares of common stock at a weighted average price of $0.4355 per share.

Rhea-AI Filing Summary

Sleep Number Corp director Stephen E. Macadam reported a disposition of 97,272 shares of common stock at a weighted average price of $0.4355 per share. The shares were sold in multiple transactions at prices between $0.4100 and $0.4699. After this transaction, he directly owned 30,300 shares and indirectly held 137 shares through an IRA.

Insider Trade Summary

Disposition: 97,272 shares

Disposition 2 txns

Insider Macadam Stephen E.

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	97,272	$0.4355	$42K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 30,300 shares (Direct); Common Stock — 137 shares (Indirect, By IRA)

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 $0.4100 and $0.4699. 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: 97,272 shares Weighted average price: $0.4355 per share Trade price range: $0.4100–$0.4699 per share +2 more

5 metrics

Shares disposed 97,272 shares Common Stock disposition on 2026-06-12

Weighted average price $0.4355 per share Price for 97,272-share disposition

Trade price range $0.4100–$0.4699 per share Range of individual sale prices

Direct holdings after transaction 30,300 shares Common Stock directly owned post-transaction

Indirect IRA holdings 137 shares Common Stock held indirectly by IRA

Key Terms

Disposition to issuer, weighted average price, indirect, IRA

4 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

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.

indirect financial

""ownership_type": "indirect""

IRA financial

""nature_of_ownership": "By IRA""

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Stephen E. Macadam report for Sleep Number Corp (SNBR)?

Stephen E. Macadam reported disposing of 97,272 shares of Sleep Number common stock. The filing shows this as a disposition transaction, with shares sold across multiple trades at different prices on the same date.

At what price did the Sleep Number (SNBR) director’s 97,272-share transaction occur?

The 97,272 shares were disposed of at a weighted average price of $0.4355 per share. According to the filing, individual trades occurred between $0.4100 and $0.4699 per share on the transaction date.

How many Sleep Number (SNBR) shares does Stephen E. Macadam hold after this Form 4?

After the reported transaction, Stephen E. Macadam directly holds 30,300 shares of Sleep Number common stock. The filing also shows an additional 137 shares held indirectly through an IRA account associated with him.

What does the Form 4 footnote say about Stephen E. Macadam’s Sleep Number (SNBR) trades?

The footnote explains that the reported price is a weighted average of multiple trades. It states that the shares were sold in transactions priced between $0.4100 and $0.4699 and that detailed price breakdowns are available upon request.

Does the Sleep Number (SNBR) Form 4 show any derivative securities for Stephen E. Macadam?

The filing’s derivative section is empty, indicating no reported derivative transactions for this Form 4. All reported positions and activity relate to Sleep Number common stock, both directly and indirectly held through an IRA.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/15/2026 - 04:30 PM Learn about SEC filing dates

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^*

Macadam Stephen E.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		97,272	D	$0.4355(1)	30,300	D
Common Stock								137	I	By IRA

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 $0.4100 and $0.4699. 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/ Stephen E. Macadam 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)