Shelly Radue Ibach - Mar 1, 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
Stock symbol
SNBR
Transactions as of
Mar 1, 2022
Transactions value $
-$312,835
Form type
4
Date filed
3/3/2022, 03:03 PM
Previous filing
Jul 23, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNBR Common Stock Options Exercise $230K +6.91K +7.85% $33.32 94.9K Mar 1, 2022 Direct
transaction SNBR Common Stock Options Exercise $211K +11.2K +11.82% $18.81 106K Mar 1, 2022 Direct
transaction SNBR Common Stock Tax liability -$754K -12.1K -11.42% $62.20 94K Mar 1, 2022 Direct F1
transaction SNBR Common Stock Gift $0 -6K -6.38% $0.00 88K Mar 1, 2022 Direct F2, F3
transaction SNBR Common Stock Gift $0 +6K +3.8% $0.00 164K Mar 1, 2022 by Family Trust
holding SNBR Common Stock 15.5K Mar 1, 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 -6.91K -100% $0.00* 0 Mar 1, 2022 Common Stock 6.91K $33.32 Direct F4
transaction SNBR Employee Stock Option (Right to Buy) Options Exercise $0 -11.2K -23.47% $0.00 36.6K Mar 1, 2022 Common Stock 11.2K $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.