Shelly Radue Ibach - Mar 15, 2023 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, 2023
Transactions value $
-$1,195,720
Form type
4
Date filed
3/17/2023, 04:06 PM
Previous filing
Sep 20, 2022
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNBR Common Stock Award $0 +85.5K +97.2% $0.00 174K Mar 15, 2023 Direct F1
transaction SNBR Common Stock Tax liability -$1.2M -42.1K -24.25% $28.41 131K Mar 15, 2023 Direct F2
transaction SNBR Common Stock Gift $0 -43.5K -33.05% $0.00 88K Mar 15, 2023 Direct F3, F4
transaction SNBR Common Stock Gift $0 +43.5K +19.74% $0.00 264K Mar 15, 2023 by Family Trust
holding SNBR Common Stock 15.4K Mar 15, 2023 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) Award $0 +68.5K $0.00 68.5K Mar 15, 2023 Common Stock 68.5K $28.41 Direct F5
* 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 The reporting person transferred these shares as a gift to her family trust.
F4 Includes 88,009 restricted stock units which the reporting person has deferred.
F5 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.