Sleep Number (SNBR) director receives 15,067 restricted stock units, lifts holdings

Rhea-AI Filing Summary

Macadam Stephen E. reported acquisition or exercise transactions in this Form 4 filing.

Sleep Number Corp director Stephen E. Macadam reported receiving an equity award in the form of restricted stock units. He was granted 15,067 shares of Common Stock at no cost as a compensation-related award, bringing his directly held position to 127,572 shares after the transaction.

The footnote states that these 15,067 restricted stock units will vest over time. It also notes that on the same date, 9,776 shares from a prior restricted stock unit award vested and that he has deferred receipt of those shares, reinforcing that these are structured, non-market transactions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Macadam Stephen E.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,067	$0.00	--

Holdings After Transaction: Common Stock — 127,572 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 15,067 shares Grant price: $0.0000 per share Post-transaction holdings: 127,572 shares +1 more

4 metrics

RSU grant size 15,067 shares Restricted stock units granted to director on 2026-05-21

Grant price $0.0000 per share Price per share for RSU award

Post-transaction holdings 127,572 shares Total Sleep Number common stock directly held after grant

Shares vested from prior award 9,776 shares Vested from earlier restricted stock unit award on 2026-05-21

Key Terms

restricted stock units, vest over time, deferred receipt

3 terms

restricted stock units financial

"Includes 15,067 restricted stock units that will vest over time."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest over time financial

"Includes 15,067 restricted stock units that will vest over time."

deferred receipt financial

"the reporting person has deferred receipt of the shares."

Form 4 Insider Transactions: What Each Field Means →

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)
05/21/2026

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	05/21/2026		A		15,067	A	$0	127,572(1)	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. Includes 15,067 restricted stock units that will vest over time. On 5/21/26, 9,776 shares vested from a restricted stock unit award and the reporting person has deferred receipt of the shares.

Remarks:

	/s/ Stephen E. Macadam by Brandon Rykkeli, attorney-in-fact	05/21/2026
	** 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 did Stephen E. Macadam report in this Sleep Number (SNBR) Form 4?

Stephen E. Macadam reported receiving 15,067 shares of Sleep Number common stock as a restricted stock unit award. The grant was compensation-related at no cost per share and increased his directly held position to 127,572 shares after the transaction.

Was the Sleep Number (SNBR) Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of restricted stock units, not an open-market trade. Macadam acquired 15,067 shares at a price of $0.0000 per share as a compensation award, rather than buying or selling shares on the open market.

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

After the reported grant, Stephen E. Macadam directly holds 127,572 shares of Sleep Number common stock. This figure includes the newly awarded 15,067 restricted stock units, which are scheduled to vest over time according to the footnote disclosure.

What does the 15,067 restricted stock units grant mean for Sleep Number (SNBR) director compensation?

The 15,067 restricted stock units represent an equity-based compensation award to director Stephen E. Macadam. These units will vest over time, aligning a portion of his compensation with Sleep Number’s share performance while not involving any cash outlay or market transaction at grant.

What is the significance of the 9,776 vested shares mentioned in the Sleep Number (SNBR) footnote?

The footnote explains that 9,776 shares vested from a prior restricted stock unit award on the same date. Macadam has deferred receipt of these vested shares, indicating they come from earlier compensation arrangements rather than new market activity or fresh purchases or sales.