Barbara Ruth Matas - 11 May 2023 Form 4 Insider Report for Sleep Number Corp (SNBR)

Role: Director
Signature: Barbara R. Matas, by Rebecca Long, attorney-in-fact
Issuer symbol: SNBR
Transactions as of: 11 May 2023
Net transactions value: +$28,750
Form type: 4
Filing time: 15 May 2023, 16:07:30 UTC
Previous filing: 04 Apr 2023
Next filing: 05 Jul 2023
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	+4,195	+19%	$0.000000	26,146	11 May 2023	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	Employee Stock Option (Right to Buy)	Award	$0	+2,370		$0.000000	2,370	11 May 2023	Common Stock	2,370	$20.54	Direct
transaction	SNBR	Phantom Stock	Award	$28,750	+1,400	+8.5%	$20.54	17,792	11 May 2023	Common Stock	1,400		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 4,195 restricted stock units that will vest over time. On 5/11/23, restrictions lapsed on 2,265 shares pursuant to a restricted stock unit award and the reporting person has deferred receipt of the 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.