Julie Howard - May 12, 2022 Form 4 Insider Report for Sleep Number Corp (SNBR)

Role: Director
Signature: /s/ Julie M. Howard, by Rebecca Long, attorney-in-fact
Stock symbol: SNBR
Transactions as of: May 12, 2022
Transactions value $: $22,651
Form type: 4
Date filed: 5/16/2022, 04:05 PM
Previous filing: Mar 14, 2022
Next filing: Sep 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNBR	Common Stock	Award	$0	+2.27K	+46.18%	$0.00	7.17K	May 12, 2022	Direct	F1

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	Stock Option (right to buy)	Award	$0	+1.44K		$0.00	1.44K	May 12, 2022	Common Stock	1.44K	$40.78	Direct
transaction	SNBR	Phantom Stock	Award	$22.7K	+555	+163.5%	$40.78	895	May 12, 2022	Common Stock	555		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 2,265 restricted stock units that will vest over time. On 5/12/22, 820 shares vested from a restricted stock unit award and the reporting person has deferred receipt of those shares.
F2	Each share of Phantom Stock is the economic equivalent of one share of Common Stock. The shares of Phantom Stock become payable in Common Stock, at the election of the reporting person.