{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-011603","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2026-08-03T12:48:32+00:00","discovered_at":"2026-08-03T12:50:20.288043+00:00","generated_at":"2026-08-03T12:50:27.257936+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Sleep Number completes asset sale for $529.5M; no proceeds for stockholders","bullets":["Closed sale of substantially all assets to SNBR, Inc., a Sleep Country Canada subsidiary, on July 31, 2026.","Cash proceeds of $529.5M; $267.4M used to repay DIP term loans and roll-up loans.","$10.0M deposited into escrow for post-closing adjustments.","No proceeds expected for stockholders; common stock to be cancelled upon plan effectiveness.","Company filed Chapter 11 on June 12, 2026; sale approved by Bankruptcy Court on July 21, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-011603","json":"https://secwatch.observer/filing/0000950103-26-011603.json","markdown":"https://secwatch.observer/filing/0000950103-26-011603.md","text":"https://secwatch.observer/filing/0000950103-26-011603.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000095010326011603/0000950103-26-011603-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000095010326011603/dp251018_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-03T12:50:27.257936+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}