Insider Gary T Fazio buys 12,000 SNBR shares at $7.54 amid -69.6% 52-week decline; stock down -63.7% in 30 days as company posts negative full-year earnings.
Gary T Fazio purchased 12,000 shares at $7.54 on 2025-03-10, increasing his holdings by 20.3% to 71,125 shares. This acquisition occurs against a sharply deteriorating backdrop: Sleep Number's stock has fallen 69.6% from its 52-week high of $20.41 to $6.21, with a 63.7% drop over just the last 30 days and 68.7% decline over 90 days. Operationally, the company reported negative net income of $-3.1M in its most recent full fiscal year and revenue declined 10.9% year-over-year, with quarterly revenue at $426.6M. The transaction represents a significant open-market accumulation by an insider during an extended period of material stock price deterioration and operational underperformance.