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Filing Details

Accession Number:: 0000921895-24-002452
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-04 19:14:45
Reporting Period:: 2024-10-31

Accepted Time:: 2024-11-04 19:14:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
827187	Sleep Number Corp	SNBR	Household Furniture (2510)	411597886

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1076204	P L Partners Capital Stadium	199 Elm Street New Canaan CT 06840	No	No	No	Yes
1105087	Stadium Capital Management Llc	199 Elm Street New Canaan CT 06840	No	No	Yes	No
1473106	M Alexander Seaver	199 Elm Street New Canaan CT 06840	No	No	Yes	No
1580925	Stadium Capital Management Gp, L.p.	199 Elm Street New Canaan CT 06840	No	No	Yes	No
1987945	Stadium Special Opportunity I, L.p.	199 Elm Street New Canaan CT 06840	No	No	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Acquisiton	2024-10-31	8,100	$12.97	1,869,089	No	4	P	Indirect	By: Stadium Capital Partners, L.P.
Common Stock, Par Value $0.01 Per Share	Acquisiton	2024-10-31	50,911	$13.96	1,920,000	No	4	P	Indirect	By: Stadium Capital Partners, L.P.
Common Stock, Par Value $0.01 Per Share	Acquisiton	2024-11-01	87,205	$12.93	2,007,205	No	4	P	Indirect	By: Stadium Capital Partners, L.P.
Common Stock, Par Value $0.01 Per Share	Acquisiton	2024-11-01	11,500	$13.76	2,018,705	No	4	P	Indirect	By: Stadium Capital Partners, L.P.
Common Stock, Par Value $0.01 Per Share	Acquisiton	2024-11-04	36,097	$13.09	2,054,802	No	4	P	Indirect	By: Stadium Capital Partners, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By: Stadium Capital Partners, L.P.
No	4	P	Indirect	By: Stadium Capital Partners, L.P.
No	4	P	Indirect	By: Stadium Capital Partners, L.P.
No	4	P	Indirect	By: Stadium Capital Partners, L.P.
No	4	P	Indirect	By: Stadium Capital Partners, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	401,459	Indirect	By: Stadium Special Opportunity I, L.P.

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 collectively beneficially owns 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 purchased in multiple transactions at prices ranging from $12.5000 to $13.2965 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 purchased 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.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.6192 to $14.0546 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 purchased at each separate price within the range set forth in this footnote.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.5103 to $13.4893 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 purchased at each separate price within the range set forth in this footnote.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.5419 to $13.8721 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 purchased at each separate price within the range set forth in this footnote.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.0255 to $13.1606 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 purchased at each separate price within the range set forth in this footnote.
Securities owned directly by SSO. As the general partner of SSO, SCMGP may be deemed to beneficially own the securities owned directly by SSO. SCM, as the investment advisor of SSO and general partner of SCMGP, may be deemed to beneficially own the securities owned directly by SSO. Mr. Seaver, as the manager of SCM, may be deemed to beneficially own the securities owned directly by SSO.