Shelly Radue Ibach - 15 Mar 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
Issuer symbol
SNBR
Transactions as of
15 Mar 2023
Net transactions value
-$1,195,720
Form type
4
Filing time
17 Mar 2023, 16:06:42 UTC
Previous filing
20 Sep 2022
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNBR Common Stock Award $0 +85,543 +97% $0.000000 173,552 15 Mar 2023 Direct F1
transaction SNBR Common Stock Tax liability $1,195,720 -42,088 -24% $28.41 131,464 15 Mar 2023 Direct F2
transaction SNBR Common Stock Gift $0 -43,455 -33% $0.000000 88,009 15 Mar 2023 Direct F3, F4
transaction SNBR Common Stock Gift $0 +43,455 +20% $0.000000 263,578 15 Mar 2023 by Family Trust
holding SNBR Common Stock 15,437 15 Mar 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 +68,490 $0.000000 68,490 15 Mar 2023 Common Stock 68,490 $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.