Sleep Number Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:SL2 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
26 Nov 24	Buy€624,284	Patrick Hopf	Individual	45,000	€14.27
18 Nov 24	Buy€526,401	Stadium Capital Management, LLC	Company	43,140	€12.99
13 Nov 24	Buy€1,046,961	Stadium Capital Management, LLC	Company	77,185	€14.09
06 Nov 24	Buy€503,088	Stadium Capital Management, LLC	Company	39,873	€13.98
04 Nov 24	Buy€2,364,634	Stadium Capital Management, LLC	Company	193,813	€12.83
06 Aug 24	Buy€485,885	Stephen Macadam	Individual	43,000	€11.30

Insider Trading Volume

Insider Buying: SL2 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SL2?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,139,275	5.09%
General Public	1,646,740	7.36%
Hedge Funds	2,616,459	11.7%
Institutions	16,968,526	75.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 74.21% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.7%	Stadium Capital Management, LLC	2,616,459	€46.9m	30.3%	25.88%
7.56%	BlackRock, Inc.	1,690,409	€30.3m	4.26%	no data
5.57%	The Vanguard Group, Inc.	1,245,634	€22.3m	1.94%	no data
4.78%	D. E. Shaw & Co., L.P.	1,070,296	€19.2m	7.44%	0.03%
4.52%	Hodges Capital Management Inc	1,010,920	€18.1m	147%	1.13%
4.33%	Van Lanschot Kempen Investment Management N.V.	968,810	€17.4m	0%	0.12%
3.91%	Brightlight Capital Management LP	874,651	€15.7m	0%	6.19%
3.08%	Lakewood Capital Management, LP	690,000	€12.4m	5.34%	1.03%
2.78%	Marshall Wace LLP	621,307	€11.1m	28.6%	0.02%
2.66%	Charles Schwab Investment Management, Inc.	595,812	€10.7m	0%	no data
2.41%	Jacobs Levy Equity Management Inc	539,701	€9.7m	-15%	0.04%
2.32%	Geode Capital Management, LLC	518,045	€9.3m	3.64%	no data
1.97%	State Street Global Advisors, Inc.	440,547	€7.9m	0.56%	no data
1.78%	Pacific Ridge Capital Partners, LLC	398,242	€7.1m	14%	1.69%
1.72%	Dimensional Fund Advisors LP	384,061	€6.9m	-6.85%	no data
1.65%	Formula Growth Limited	368,151	€6.6m	-13.9%	2.1%
1.58%	Blue Grotto Capital, LLC	352,809	€6.3m	0%	0.98%
1.56%	SW Investment Management LLC	350,000	€6.3m	0%	1.2%
1.45%	Arrowstreet Capital, Limited Partnership	325,189	€5.8m	-28.1%	no data
1.31%	Shelly Ibach	293,161	€5.3m	0%	no data
1.28%	Morgan Stanley, Investment Banking and Brokerage Investments	286,352	€5.1m	0.76%	no data
1.19%	Royal Bank of Canada, Banking & Securities Investments	266,977	€4.8m	23.1%	no data
1.15%	Invesco Capital Management LLC	256,228	€4.6m	-0.37%	no data
1.01%	Jean-Michel Valette	225,602	€4.0m	0%	no data
0.95%	Bank of America Corporation, Asset Management Arm	212,804	€3.8m	29.8%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/27 05:45
End of Day Share Price	2025/01/24 00:00
Earnings	2024/09/28
Annual Earnings	2023/12/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sleep Number Corporation is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Argus Research Company
Jessica Schoen Mace	Barclays
Curtis Nagle	BofA Global Research