Sleep Number (SNBR) Director Stephen E. Macadam Receives Award

What Happened
Stephen E. Macadam, a director of Sleep Number Corporation (SNBR), received an award of 15,067 restricted stock units (RSUs) on 2026-05-21 (reported as an acquisition at $0.00). Per the filing, 9,776 of those RSUs vested on 5/21/26 and the reporting person elected to defer receipt of the vested shares. This was a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21 — Grant/award reported as acquisition (Code A)
• Amount: 15,067 RSUs granted @ $0.00 reported value; 9,776 RSUs vested on 5/21/26 and were deferred (see footnote F1)
• Shares owned after transaction: Not specified in the Form 4 provided
• Footnote: F1 states the 15,067 RSUs will vest over time; 9,776 vested on 5/21/26 and the reporting person deferred receipt of those shares
• Filing timeliness: Form filed with a report period of 2026-05-21 (filing date matches transaction date)

Context
RSU grants to directors are common compensation and do not represent an open‑market buy or sell; they typically vest over time and may be subject to deferral, tax withholding, or company policies. Because this is an award/compensation event, it should be viewed as routine director pay rather than a direct signal of insider trading sentiment.