SNBR Sleep Number Corporation

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * Nedorostek Kathleen L	2. Issuer Name and Ticker or Trading Symbol Sleep Number Corp [ SNBR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 1001 THIRD AVENUE SOUTH	3. Date of Earliest Transaction (MM/DD/YYYY) 2/25/2021
(Street) MINNEAPOLIS, MN 55404 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	2/25/2021		M		3376	A	$17.34	19372	D
Common Stock	2/25/2021		M		2499	A	$27.45	21871	D
Common Stock	2/25/2021		M		1495	A	$30.50	23366	D
Common Stock	2/26/2021		S		3370	D	$138.4201	19996	D
Common Stock	2/26/2021		S		4000	D	$138.0991	15996 (1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$17.34	2/25/2021		M			3376	5/11/2012 (2)	5/11/2021	Common Stock	3376	$0	0	D
Stock Option (right to buy)	$27.45	2/25/2021		M			2499	5/30/2013 (2)	5/29/2022	Common Stock	2499	$0	0	D
Stock Option (right to buy)	$30.50	2/25/2021		M			1495	5/22/2016 (2)	5/22/2025	Common Stock	1495	$0	0	D

Explanation of Responses:
(1)	Includes 1,815 restricted stock units that will vest over time.
(2)	This option is fully vested and exercisable.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Nedorostek Kathleen L 1001 THIRD AVENUE SOUTH MINNEAPOLIS, MN 55404	X

Signatures
/s/ Kathleen L. Nedorostek, by Rebecca Long, attorney-in-fact		3/1/2021
**Signature of Reporting Person		Date