Pacific Ridge discloses 5% Sleep Number (SNBR) ownership stake

Rhea-AI Filing Summary

Pacific Ridge Capital Partners, LLC filed a Schedule 13G reporting beneficial ownership of 1,145,612 shares of Sleep Number Corp common stock, representing 5.0% of the outstanding class as of the event date.

Pacific Ridge reports sole voting power over 704,330 shares and sole dispositive power over all 1,145,612 shares, with no shared voting or dispositive power. It certifies the Sleep Number shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Sleep Number Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

83125X103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 83125X103

1

Names of Reporting Persons

Pacific Ridge Capital Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 704,330.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,145,612.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,145,612.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sleep Number Corp
(b)	Address of issuer's principal executive offices: 1001 THIRD AVENUE SOUTH, MINNEAPOLIS, MINNESOTA, 55404
Item 2.
(a)	Name of person filing: Pacific Ridge Capital Partners, LLC
(b)	Address or principal business office or, if none, residence: 4900 Meadows Rd, STE 320, Lake Oswego, OR 97035
(c)	Citizenship: Nevada Corporation
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 83125X103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,145,612
(b)	Percent of class: 5.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 704,330
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,145,612
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Pacific Ridge Capital Partners, LLC

Signature:	Peter Trumbo
Name/Title:	C.C.O.
Date:	02/06/2026

FAQ

What percentage of Sleep Number Corp (SNBR) does Pacific Ridge Capital Partners report owning?

Pacific Ridge Capital Partners reports beneficial ownership of 5.0% of Sleep Number Corp’s common stock. This corresponds to 1,145,612 shares, as disclosed in its Schedule 13G, making Pacific Ridge a significant institutional holder in the company’s equity.

How many Sleep Number (SNBR) shares does Pacific Ridge Capital Partners control voting power over?

Pacific Ridge reports sole voting power over 704,330 Sleep Number common shares. It holds no shared voting power, meaning all reported voting authority is exercised solely by Pacific Ridge, while it has sole dispositive power over the full 1,145,612 shares owned.

What is the event date for Pacific Ridge Capital Partners' Schedule 13G on Sleep Number (SNBR)?

The relevant event date for the Schedule 13G is 12/31/2025. This date reflects when Pacific Ridge’s beneficial ownership position in Sleep Number’s common stock triggered the Schedule 13G reporting requirement based on applicable SEC ownership thresholds.

Is Pacific Ridge Capital Partners seeking to influence control of Sleep Number Corp (SNBR) with this stake?

Pacific Ridge certifies the Sleep Number shares were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose of changing or influencing control of Sleep Number or in connection with any such transaction.

Who signed the Schedule 13G filing relating to Sleep Number Corp (SNBR) for Pacific Ridge Capital Partners?

The Schedule 13G was signed by Peter Trumbo, identified as C.C.O. of Pacific Ridge Capital Partners. His signature certifies, after reasonable inquiry, that the information in the ownership report regarding Sleep Number common stock is true, complete, and correct.