Kevin K. Brown - Mar 15, 2023 Form 4 Insider Report for Sleep Number Corp (SNBR)

Role: EVP and CMO
Signature: /s/ Kevin K. Brown, by Rebecca Long, attorney-in-fact
Stock symbol: SNBR
Transactions as of: Mar 15, 2023
Transactions value $: -$161,482
Form type: 4
Date filed: 3/17/2023, 04:03 PM
Previous filing: Mar 31, 2022
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNBR	Common Stock	Award	$0	+11.4K	+29.37%	$0.00	50.3K	Mar 15, 2023	Direct	F1
transaction	SNBR	Common Stock	Tax liability	-$161K	-5.68K	-11.31%	$28.41	44.6K	Mar 15, 2023	Direct	F2
holding	SNBR	Common Stock						719	Mar 15, 2023	by 401k

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	+10.9K		$0.00	10.9K	Mar 15, 2023	Common Stock	10.9K	$28.41	Direct	F3

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

Explanation of Responses:

Id	Content
F1	On 3/15/23 shares vested from a performance-based restricted stock unit award.
F2	These shares were withheld from the vesting of a performance-based restricted stock unit award to cover the estimated tax withholding obligation.
F3	This option becomes exercisable with respect to 1/3 of the shares on each of 3/15/24, 3/15/25 and 3/15/26.