Form 4: Sleep Number Director Barbara Matas Reports Acquisition of Phantom Stock

Director Barbara Matas reported acquiring phantom stock and holding common stock in Sleep Number Corp.

Summary

• On September 18, 2024, Barbara Ruth Matas, a director of Sleep Number Corp, reported a transaction involving derivative securities.
• Matas acquired 1,339.9694 shares of Phantom Stock, which are economically equivalent to shares of Common Stock, at a price of $19.59.
• Following the reported transaction, Matas directly owns 31,603 shares of Common Stock, which includes 5,457 restricted stock units that will vest over time, and 25,388.6253 shares of Phantom Stock.
• The shares of Phantom Stock become payable in Common Stock at the election of the reporting person.

Sentiment

Score: 5

Explanation: This is a neutral report on stock ownership, with no inherent positive or negative implications.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is a common practice in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a company director.

Key Dates