Barbara Ruth Matas - 12 May 2022 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: 12 May 2022
Transactions value $: $27,651
Form type: 4
Filing time: 16 May 2022, 16:09:27 UTC
Previous filing: 05 Apr 2022
Next filing: 01 Jul 2022
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	+2,265	+11.5%	$0.000000	21,951	12 May 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	+1,440		$0.000000	1,440	12 May 2022	Common Stock	1,440	$40.78	Direct
transaction	SNBR	Phantom Stock	Award	$27,651	+678	+5.23%	$40.78	13,649	12 May 2022	Common Stock	678		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 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.