Macadam Stephen E. 4

What Happened Stephen E. Macadam, a director of Sleep Number Corp (SNBR), reported a disposition to the issuer (code D) of 97,272 shares on June 12, 2026. The filing lists a weighted-average price of $0.44 per share and total reported proceeds of $42,362. This was a sale/disposition (not a purchase); such dispositions are often routine (e.g., surrender or sale back to the company), but the filing does not state a reason.

Key Details

• Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-15)
• Price: weighted average $0.44; shares sold in multiple trades at prices between $0.4100 and $0.4699 (see footnote)
• Shares sold: 97,272; reported proceeds: $42,362
• Shares owned after the transaction: not disclosed in the filing
• Footnote: F1 states the $0.44 is a weighted average and that the reporting person can provide the exact breakdown of shares sold at each price upon request
• Timeliness: Filing appears timely (filed within the Form 4 reporting window)

Context

• Disposition to the issuer (D) typically indicates the insider transferred or surrendered shares back to the company (often for tax withholding or similar settlement), rather than an open-market sale; the filing does not specify the reason.
• This transaction is a sale and, given its modest dollar amount (~$42K), is a limited signal about insider conviction; retail investors should weigh it along with other insider activity and company news.