Sleep Number Corp — Director's Dealing 2022

May 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sleep Number Corp (SNBR)
CIK: 0000827187
Period of Report: 2022-05-12

Reporting Person: Nedorostek Kathleen L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-12	Common Stock	M	11925.5437	$40.78	Acquired	23946	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-12	Phantom Stock	$	M	11925.5437	Disposed		Common Stock (11925.5437)	Direct
2022-05-12	Phantom Stock	$	A	229.05	Acquired		Common Stock (229.05)	Direct

Footnotes

F1: On 5/12/22, the reporting person retired from Sleep Number's Board of Directors. Upon retirement, she took receipt of a portion of her phantom stock, with the remaining shares paying out in 2023 and 2024. The fractional share will be paid by check to Ms. Nedorostek.

F2: On 5/12/22, 820 shares pursuant to a restricted stock unit award vested.

F3: 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.

F4: The reporting person elected to receive her Board fees in common stock and due to her retirement from the Board, she took receipt of the shares and the fractional share will be paid by check to Ms. Nedorostek.