STADIUM CAPITAL MANAGEMENT LLC sold SNBR

May 28, 2026 · Form 4 insider transaction

STADIUM CAPITAL MANAGEMENT LLC sold 330,732 shares of Sleep Number Corp at $1.78 per share, a transaction worth $588.4K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 4 days after the transaction.

Direction
Disposed (sell-side)
Shares
330,732
Price
$1.78
Total value
$588.4K
Role
SecurityCommon Stock, par value $0.01 per share
Transaction codeS: Open-market sale
Transaction dateMay 28, 2026
Filing dateJune 1, 2026
Shares owned after1,884,268
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

This Form 4 is filed jointly by Stadium Capital Management, LLC ("SCM"), Stadium Capital Management GP, L.P. ("SCMGP"), Stadium Special Opportunity I, L.P. ("SSO"), Stadium Capital Partners, L.P. ("SCP") and Alexander M. Seaver (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that previously collectively beneficially owned more than 10% of Sleep Number Corporation's (the "Issuer") outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.; The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.6800 to $1.8750 per share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.; Securities owned directly by SCP. As the general partner of SCP, SCMGP may be deemed to beneficially own the securities owned directly by SCP. SCM, as the investment advisor of SCP and general partner of SCMGP, may be deemed to beneficially own the securities owned directly by SCP. Mr. Seaver, as the manager of SCM, may be deemed to beneficially own the securities owned directly by SCP.

View the original Form 4 on SEC EDGAR