Baker Kelly F. 4

What Happened

• Kelly F. Baker, Principal Accounting Officer of Sleep Number Corp (SNBR), submitted a disposition to the issuer on 2026-06-12: 614 shares were surrendered at $0.40 per share, for total proceeds of $243. This "disposition to the issuer" is typically used when insiders tender shares back to the company (often to cover tax withholding on vesting awards) and is usually routine rather than a market sale.

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-15 (Form 4 accession 0002078972-26-000003).
• Transaction type/code: Disposition to issuer (Code D).
• Shares/price/value: 614 shares at $0.40 per share; total $243.
• Shares owned after transaction: Not specified in the public Form 4 filing.
• Notable footnote: Disposition-to-issuer transactions commonly reflect shares surrendered to the company to satisfy tax-withholding or similar obligations; the filing does not state a 10b5-1 plan or other specific plan for this transaction.

Context

• Dispositions to the issuer are generally administrative (e.g., tax withholding on vested awards) and do not necessarily signal a change in the insider's view of the company. This small-dollar transaction appears routine based on amount and type.