Sleep Number Corporation announced that after serving 29 years as a Sleep Number Corporation Director, including 12 years as Chair, Jean-Michel Valette announced his retirement from the Board of Directors (the “Board”) upon the conclusion of the Company's Annual Meeting of Shareholders on May 11, 2023. The Company sincerely thanks Mr. Valette for his extraordinary service, dedication and leadership as a member and former Chair of the Board. Mr. Valette's decision to retire was not due to any disagreement with the Company on any matter related to the Company's operations, policies or practices.