Stadium Capital Management Llc - Oct 31, 2024 Form 4 Insider Report for Sleep Number Corp (SNBR)

Role
10%+ Owner
Signature
Stadium Capital Management, LLC; By /s/ Alexander M. Seaver, Manager
Stock symbol
SNBR
Transactions as of
Oct 31, 2024
Transactions value $
$2,574,452
Form type
4
Date filed
11/4/2024, 07:14 PM
Next filing
Nov 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNBR Common Stock, par value $0.01 per share Purchase $105K +8.1K +0.44% $12.97 1.87M Oct 31, 2024 By: Stadium Capital Partners, L.P. F1, F2, F3
transaction SNBR Common Stock, par value $0.01 per share Purchase $711K +50.9K +2.72% $13.96 1.92M Oct 31, 2024 By: Stadium Capital Partners, L.P. F1, F3, F4
transaction SNBR Common Stock, par value $0.01 per share Purchase $1.13M +87.2K +4.54% $12.93 2.01M Nov 1, 2024 By: Stadium Capital Partners, L.P. F1, F3, F5
transaction SNBR Common Stock, par value $0.01 per share Purchase $158K +11.5K +0.57% $13.76 2.02M Nov 1, 2024 By: Stadium Capital Partners, L.P. F1, F3, F6
transaction SNBR Common Stock, par value $0.01 per share Purchase $473K +36.1K +1.79% $13.09 2.05M Nov 4, 2024 By: Stadium Capital Partners, L.P. F1, F3, F7
holding SNBR Common Stock, par value $0.01 per share 401K Oct 31, 2024 By: Stadium Special Opportunity I, L.P. F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by Stadium Capital Management, LLC ("SCM"), Stadium Capital Management GP, L.P. ("SCMGP"), Stadium Special Opportunity I, L.P. ("SSO"), Stadium Capital Partners, L.P. ("SCP") and Alexander M. Seaver (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of Sleep Number Corporation's (the "Issuer") outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.5000 to $13.2965 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 Securities owned directly by SCP. As the general partner of SCP, SCMGP may be deemed to beneficially own the securities owned directly by SCP. SCM, as the investment advisor of SCP and general partner of SCMGP, may be deemed to beneficially own the securities owned directly by SCP. Mr. Seaver, as the manager of SCM, may be deemed to beneficially own the securities owned directly by SCP.
F4 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.6192 to $14.0546 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F5 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.5103 to $13.4893 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F6 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.5419 to $13.8721 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F7 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.0255 to $13.1606 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F8 Securities owned directly by SSO. As the general partner of SSO, SCMGP may be deemed to beneficially own the securities owned directly by SSO. SCM, as the investment advisor of SSO and general partner of SCMGP, may be deemed to beneficially own the securities owned directly by SSO. Mr. Seaver, as the manager of SCM, may be deemed to beneficially own the securities owned directly by SSO.