Christopher D. Krusmark - 15 Mar 2023 Form 4 Insider Report for Sleep Number Corp (SNBR)

Role: EVP & Chief H.R. Officer
Signature: /s/ Christopher D. Krusmark, by Rebecca L. Long, attorney-in-fact
Issuer symbol: SNBR
Transactions as of: 15 Mar 2023
Net transactions value: -$70,542
Form type: 4
Filing time: 17 Mar 2023, 16:08:30 UTC
Previous filing: 31 Mar 2022
Next filing: 29 Jun 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	+4,892	+37%	$0.000000	18,233	15 Mar 2023	Direct	F1
transaction	SNBR	Common Stock	Tax liability	$70,542	-2,483	-14%	$28.41	15,750	15 Mar 2023	Direct	F2, F3
holding	SNBR	Common Stock						1,367	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	+8,790		$0.000000	8,790	15 Mar 2023	Common Stock	8,790	$28.41	Direct	F4

* 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 and a 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	Includes 4,875 restricted stock units that vest over time.
F4	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.