SCHEDULE: FMR LLC Discloses Sleep Number Stake

FMR LLC and Abigail P. Johnson have filed a Schedule 13G, reporting beneficial ownership of 0.5% of Sleep Number Corp's common stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, indicating their beneficial ownership of Sleep Number Corp's common stock.
• As of March 31, 2026, the reporting persons collectively beneficially owned 105,412 shares of Sleep Number Corp's common stock.
• This represents 0.5% of the total class of securities outstanding.
• Fidelity Management & Research Company LLC is identified as an Investment Adviser (IA) in relation to this filing.
• Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting shares.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by an institutional investor and does not contain operational or financial performance data for Sleep Number Corp.

Positives

• FMR LLC and Abigail P. Johnson have disclosed their holdings, providing transparency to the market regarding their investment in Sleep Number Corp.
• The filing indicates a passive investment approach, with no intention to influence or change the control of the issuer.

Risks

• The filing does not contain specific forward-looking statements or risk factors related to Sleep Number Corp's business operations.
• Potential risks associated with the investment are not detailed in this Schedule 13G filing.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Sleep Number Corp's future performance.

Management Comments

• "This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the 'FMR Reporters')."
• "This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998)."
• "Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC."
• "Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FMR LLC, a significant investment management firm, indicates a passive stake in Sleep Number Corp. Such filings are common for institutional investors accumulating positions below reporting thresholds that trigger active control considerations.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional investor's holdings, which can be a factor in market perception.
• Management of Sleep Number Corp: Aware of FMR LLC's passive stake, which is a standard part of the investment landscape.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their shares in Sleep Number Corp.
• Future filings will be made if their beneficial ownership changes significantly.

Key Dates

Keywords

Schedule 13G, FMR LLC, Abigail P. Johnson, Sleep Number Corp, Beneficial Ownership, Investment Adviser, Common Stock, SEC Filing