Shelly Radue Ibach - Mar 15, 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 15, 2022
Transactions value $: -$1,252
Form type: 4
Date filed: 3/17/2022, 04:08 PM
Previous filing: Mar 3, 2022
Next filing: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNBR	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	-$1.25K	-19.7	-0.13%	$63.47	15.4K	Mar 15, 2022	by 401(k)	F1
holding	SNBR	Common Stock						88K	Mar 15, 2022	Direct	F2
holding	SNBR	Common Stock						164K	Mar 15, 2022	by Family Trust

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)	Award	$0	+40.6K		$0.00	40.6K	Mar 15, 2022	Common Stock	40.6K	$61.66	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were sold pursuant to 401(k) Nondiscrimination testing and not at the direction of the reporting person.
F2	Includes 88,009 restricted stock units which the reporting person has deferred.
F3	This stock option grant becomes exercisable with respect to 1/3 of the shares on each of 3/15/23, 3/15/24 and 3/15/25.