AQR Reports 7.61% Stake in Sleep Number

Sleep Number Corp ownership disclosure: AQR Capital Management entities report 1,755,148 shares of Common Stock, representing 7.61% of the class as of 06/15/2026.

Rhea-AI Filing Summary

Sleep Number Corp ownership disclosure: AQR Capital Management entities report 1,755,148 shares of Common Stock, representing 7.61% of the class as of 06/15/2026. The filing attributes the holding to related AQR entities with shared voting and dispositive power across the group.

The schedule notes that AQR Capital Management II, LLC manages investment funds that hold portions of these shares and that AQR Capital Management Holdings, LLC is the parent of the reporting subsidiaries.

Insights

Institutional Ownership Analyst

AQR reports a meaningful passive stake in Sleep Number (7.61%), held via related entities.

The filing shows 1,755,148 shares with shared voting and dispositive power attributed across AQR entities as of 06/15/2026. This is a standard Section 13 disclosure of beneficial ownership by an investment manager.

Implications depend on AQR's intentions; the filing does not state any planned transactions or active control. Subsequent filings would show changes to size or voting alignment.

Corporate Governance Specialist

Structure shows parent/subsidiary attribution and managerial control over fund-held shares.

The exhibit clarifies that AQR Capital Management II, LLC manages funds holding shares and that the two operating entities are subsidiaries of AQR Capital Management Holdings, LLC. Shared power figures are provided explicitly in Item 4.

Because power is listed as "shared," the disclosure flags coordinated voting/disposition authority but does not assert sole control or a change in board representation.

Key Figures

Beneficial ownership: 1,755,148 shares Percent of class: 7.61% Filing date / reporting date: 06/15/2026 reported; signature 06/23/2026

3 metrics

Beneficial ownership 1,755,148 shares Amount reported in Item 4

Percent of class 7.61% Percent of common stock as reported

Filing date / reporting date 06/15/2026 reported; signature 06/23/2026 Schedule 13G reporting period and signature dates

Key Terms

Schedule 13G, Beneficial ownership, Shared dispositive power, Managing member

4 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Sleep Number Corp"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. (a) Amount beneficially owned: 1,755,148"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power regulatory

"Item 4. (iv) Shared power to dispose or to direct the disposition: 1,755,148"

Managing member corporate

"The shares reported herein are held directly by one or more investment funds for which AQR Capital Management II, LLC serves as managing member"

FAQ

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

What stake does AQR report in Sleep Number (SNBR)?

AQR reports 1,755,148 shares, equal to 7.61% of Sleep Number's common stock as disclosed in the Schedule 13G filed for 06/15/2026. The amount is the beneficial ownership reported in Item 4.

Which AQR entities are named on the Schedule 13G for SNBR?

The filing names AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Capital Management II, LLC as reporting persons and states the entities are related by ownership.

Does the filing indicate who controls voting or disposition of the shares?

The Schedule 13G shows shared voting and shared dispositive power for the reported shares across the AQR entities rather than sole power, per Item 4's breakdown.

Are these shares held directly or via funds managed by AQR?

The filing notes that portions are held directly by one or more investment funds managed by AQR Capital Management II, LLC, and that the managing member may be deemed to beneficially own those securities.

Does the Schedule 13G signal an active acquisition or a passive position?

This Schedule 13G is a passive ownership disclosure and lists beneficial ownership; it does not state any active acquisition, planned transaction, or intent to exert control.

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

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Accepted by SEC EDGAR 06/23/2026 - 12:42 PM Learn about SEC filing dates

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, par value $0.01 per share

(Title of Class of Securities)

83125X103

(CUSIP Number)

06/15/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 83125X103

1

Names of Reporting Persons

AQR Capital Management, 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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,755,148.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,755,148.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,755,148.00

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)

7.61 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 83125X103

1

Names of Reporting Persons

AQR Capital Management Holdings, 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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,755,148.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,755,148.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,755,148.00

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)

7.61 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 83125X103

1

Names of Reporting Persons

AQR Capital Management II, 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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,187,594.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,187,594.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,187,594.00

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)

5.15 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The shares reported herein are held directly by one or more investment funds for which AQR Capital Management II, LLC serves as managing member. AQR Capital Management II, LLC may be deemed to beneficially own such securities by virtue of its authority with respect to the voting and disposition of such securities.

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: AQR Capital Management, LLC AQR Capital Management Holdings, LLC AQR Capital Management II, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES AQR Capital Management II, LLC - UNITED STATES
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 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: 1,755,148
(b)	Percent of class: 7.61 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Capital Management II, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 1,755,148 AQR Capital Management Holdings, LLC - 1,755,148 AQR Capital Management II, LLC - 1,187,594
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Capital Management II, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 1,755,148 AQR Capital Management Holdings, LLC - 1,755,148 AQR Capital Management II, LLC - 1,187,594
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
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 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.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	06/23/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	06/23/2026

AQR Capital Management II, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	06/23/2026

Exhibit Information

AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Capital Management II, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC and AQR Capital Management II, LLC are wholly owned subsidiaries of AQR Capital Management Holdings, LLC.