Sleep Number (SNBR) SVP Tanya Skogerboe Sells $8.2K of Stock

Tanya Skogerboe Sells Shares of SNBR

Tanya Skogerboe, who works as the SVP and Chief Supply Chain Officer at Sleep Number Corp, sold 21,566 shares of stock on June 12, 2026. The transaction was executed at a price of $0.38 per share, bringing the total value of the sale to $8,195.08. This filing comes directly from SEC records detailing the insider's recent adjustment to her holdings in the furnishings and bedding firm.

Insider Buying and Selling at Sleep Number Corp

This sale forms part of a broader sequence of executive transactions recorded on June 12, 2026, joining several other leaders who trimmed their exposure to the firm. Stephen Macadam parted with 97,272 shares at an average price of $0.44 each, netting $42,799.68. Samuel Hellfeld, holding the role of EVP Chief Legal and Risk Officer, sold 40,000 shares at $0.39 apiece for a total of $15,600.00. Principal Accounting Officer Kelly Baker unloaded 614 shares at $0.40 per share valued at $245.60. Amber Minson, serving as EVP and Chief Marketing Officer, disposed of 4,293 shares at $0.41 each totaling $1,760.13. Finally, Melissa Barra, the EVP and Chief Product Officer, sold 81,512 shares at $0.37 per share worth $30,159.44.

Stock Price Context and Market Standing

Shares of SNBR recently changed hands at $0.22. That price leaves the equity sitting near the lower boundary of a 52-week range that stretches from a low of $0.03 up to a high of $13.94. The company's 50-day moving average sits at $1.46, while the longer 200-day trend rests at $5.23. The firm carries a forward P/E of 0.60, though it has no meaningful P/E based on trailing figures due to negative earnings per share of $7.58.

Chapter 11 Reorganization and Company Operations

Sleep Number Corporation designs, builds, and distributes smart beds, adjustable bases, and assorted bedding items through its direct-to-consumer retail channels, websites, and phone networks. On June 12, 2026, the company and its subsidiaries filed a voluntary petition for reorganization under Chapter 11 inside the U.S. Bankruptcy Court for the Southern District of New York. The company employs roughly 3,000 workers and maintains its headquarters in Minneapolis, Minnesota.

What to Watch Next for SNBR

Market participants will monitor court filings related to the Chapter 11 restructuring process for updates on debt adjustments and operational changes. The next financial update arrives with the scheduled earnings report on July 29, 2026. These Form 4 filings capture past insider decisions and do not indicate what the stock price will do next.