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 *

Brown Kevin Kennedy
2. Issuer Name and Ticker or Trading Symbol

Sleep Number Corp [ SNBR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP and CMO
(Last)          (First)          (Middle)

1001 THIRD AVENUE SOUTH
3. Date of Earliest Transaction (MM/DD/YYYY)

11/3/2021
(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 11/3/2021  G  V 548 D$0 32719 D  
Common Stock 11/5/2021  M  7935 A$23.61 40654 D  
Common Stock 11/5/2021  S  7935 D$89.7904 (1)32719 D  
Common Stock 11/5/2021  M  8255 A$18.81 40974 D  
Common Stock 11/5/2021  S  8255 D$89.7904 (1)32719 (2)D  
Common Stock         630.0686 I by 401k 

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy) $23.61 11/5/2021  M     7935  3/21/2018 (3)3/21/2027 Common Stock 7935 $0 0 D  
Employee Stock Option (Right to Buy) $18.81 11/5/2021  M     8255  3/22/2017 (3)3/22/2026 Common Stock 8255 $0 0 D  

Explanation of Responses:
(1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $89.25 and $90.70, inclusive. The reporting person will provide the SEC Staff, Sleep Number or any security holder of Sleep Number, upon request, full information regarding the number of shares sold at each separate price.
(2) Includes 6,559 restricted stock units that the reporting person has deferred.
(3) This option is fully vested and exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Brown Kevin Kennedy
1001 THIRD AVENUE SOUTH
MINNEAPOLIS, MN 55404


EVP and CMO

Signatures
/s/ Kevin K. Brown, by Rebecca Long, attorney-in-fact11/5/2021
**Signature of Reporting PersonDate

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