Shelly Radue Ibach - 01 Mar 2022 Form 4 Insider Report for Sleep Number Corp (SNBR)

Role
President and CEO, Director
Signature
/s/ Shelly Radue Ibach, by Rebecca Long, attorney-in-fact
Issuer symbol
SNBR
Transactions as of
01 Mar 2022
Net transactions value
-$312,835
Form type
4
Filing time
03 Mar 2022, 15:03:19 UTC
Previous filing
23 Jul 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNBR Common Stock Options Exercise $230,075 +6,905 +7.8% $33.32 94,914 01 Mar 2022 Direct
transaction SNBR Common Stock Options Exercise $210,954 +11,215 +12% $18.81 106,129 01 Mar 2022 Direct
transaction SNBR Common Stock Tax liability $753,864 -12,120 -11% $62.20 94,009 01 Mar 2022 Direct F1
transaction SNBR Common Stock Gift $0 -6,000 -6.4% $0.000000 88,009 01 Mar 2022 Direct F2, F3
transaction SNBR Common Stock Gift $0 +6,000 +3.8% $0.000000 163,714 01 Mar 2022 by Family Trust
holding SNBR Common Stock 15,460 01 Mar 2022 by 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNBR Employee Stock Option (Right to Buy) Options Exercise $0 -6,905 -100% $0.000000* 0 01 Mar 2022 Common Stock 6,905 $33.32 Direct F4
transaction SNBR Employee Stock Option (Right to Buy) Options Exercise $0 -11,215 -23% $0.000000 36,575 01 Mar 2022 Common Stock 11,215 $18.81 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld from the stock option exercise to cover the exercise price and estimated tax withholding obligation.
F2 The reporting person transferred these shares as a gift to her family trust.
F3 Includes 88,009 restricted stock units which the reporting person has deferred.
F4 This option is fully vested and exercisable.