Sleep Number (SNBR) director receives 15,067 RSUs, holds 45,815 shares

Rhea-AI Filing Summary

Eyler Phillip reported acquisition or exercise transactions in this Form 4 filing.

Sleep Number Corp director Phillip Eyler reported an equity award of 15,067 shares of common stock, received as a grant at no cost. This award appears in the filing as restricted stock units that will vest over time and increased his direct holdings to 45,815 shares. A footnote states that 15,067 of these are restricted stock units that vest over time and that on 5/21/26, 9,776 shares vested from a restricted stock unit award and he has deferred receipt of those shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Eyler Phillip

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,067	$0.00	--

Holdings After Transaction: Common Stock — 45,815 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 15,067 shares Award price per share: $0.0000 per share Total holdings after award: 45,815 shares +2 more

5 metrics

Equity award size 15,067 shares Grant, award, or other acquisition of common stock

Award price per share $0.0000 per share Equity grant received at no cash cost

Total holdings after award 45,815 shares Direct ownership following the reported transaction

Restricted stock units included 15,067 RSUs Units that will vest over time, per footnote

Vested RSU shares deferred 9,776 shares Shares vested on 5/21/26 with receipt deferred

Key Terms

restricted stock units, vest, deferred receipt, Grant, award, or other acquisition

4 terms

restricted stock units financial

"Includes 15,067 restricted stock units that will vest over time."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"restricted stock units that will vest over time."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

deferred receipt financial

"the reporting person has deferred receipt of the shares."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Eyler Phillip

(Last) (First) (Middle)

1001 THIRD AVENUE SOUTH

(Street)

MINNEAPOLIS MINNESOTA 55404

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sleep Number Corp [ SNBR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		A		15,067	A	$0	45,815(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 15,067 restricted stock units that will vest over time. On 5/21/26, 9,776 shares vested from a restricted stock unit award and the reporting person has deferred receipt of the shares.

Remarks:

	/s/ Phillip M. Eyler by Brandon Rykkeli, attorney-in-fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Phillip Eyler report at Sleep Number (SNBR)?

Phillip Eyler reported an acquisition of 15,067 shares of Sleep Number common stock as an equity award. The filing classifies it as a grant or award, not an open-market purchase, and the shares are tied to restricted stock units that vest over time.

How many Sleep Number shares does Phillip Eyler hold after this Form 4?

After the reported award, Phillip Eyler directly holds 45,815 shares of Sleep Number common stock. This total includes 15,067 restricted stock units that will vest over time, according to the footnote disclosure in the Form 4 filing.

Was cash paid for the 15,067 Sleep Number shares reported in this Form 4?

No cash was paid for these 15,067 shares; the reported price per share is $0.0000. The transaction is described as a grant, award, or other acquisition, which indicates compensation-related equity rather than an open-market share purchase.

What does the footnote about restricted stock units for Sleep Number (SNBR) mean?

The footnote explains that the 15,067 reported shares represent restricted stock units that will vest over time. It also notes that on 5/21/26, 9,776 shares vested from a restricted stock unit award and that Phillip Eyler has deferred receipt of those vested shares.

Is Phillip Eyler’s Form 4 transaction a buy or a grant of Sleep Number shares?

The transaction is a grant, not a market buy. The Form 4 lists code "A" with a description of "Grant, award, or other acquisition," and shows a zero purchase price, indicating the shares were received as part of an equity compensation arrangement.