---
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"
generated_at: "2026-08-03T12:50:27.257936+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Sleep Number completes asset sale for $529.5M; no proceeds for stockholders

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-011603
- JSON: https://secwatch.observer/filing/0000950103-26-011603.json
- Plain text: https://secwatch.observer/filing/0000950103-26-011603.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.