Sleep Number (SNBR) EVP Melissa Barra Sells 81,512 Shares

What Happened

• Melissa Barra, EVP and Chief Product Officer at Sleep Number (SNBR), disposed of 81,512 shares back to the issuer on 2026-06-12. The filing reports a weighted-average price of $0.37 per share for a total reported value of $30,331. The filing lists the transaction type as a disposition to the issuer (D).

Key Details

• Transaction date: 2026-06-12; Filed with SEC: 2026-06-15.
• Shares disposed: 81,512; reported weighted-average price: $0.37; total value: $30,331.
• Price range: shares were sold in multiple transactions at prices between $0.3456 and $0.3918 (per footnote F1); the reporting person can provide the breakdown on request.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Transaction code: D = disposition to the issuer (commonly used when shares are transferred back to the company, often to satisfy tax withholding on awards).

Context

• A disposition to the issuer is different from an open-market sale; it often reflects shares transferred back to the company (for example, to cover tax obligations on vested awards) rather than a market-driven sell order. This filing documents a sale/transfer rather than a purchase, which is typically not interpreted as a bullish insider buy.