| Plan's investments at fair value |
The following tables present, by level in the fair value hierarchy, the Plan’s investments at fair value: | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | | Sleep Number Corporation common stock | | $ | 3,585,898 | | | $ | — | | | $ | — | | | $ | 3,585,898 | | | Mutual funds | | 103,436,677 | | | — | | | — | | | 103,436,677 | | | Self-directed brokerage account | | 5,240,445 | | | — | | | — | | | 5,240,445 | | | Total investments in the fair-value hierarchy | | $ | 112,263,020 | | | $ | — | | | $ | — | | | $ | 112,263,020 | | | | | | | | | | | Investments in Collective Trust funds at net asset value(1) | | | | | | | | 152,421,468 | | | | | | | | | | | | Total investments at fair value | | | | | | | | $ | 264,684,488 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Level 1 | | Level 2 | | Level 3 | | Total | | Sleep Number Corporation common stock | | $ | 4,632,030 | | | $ | — | | | $ | — | | | $ | 4,632,030 | | | Mutual funds | | 103,377,443 | | | — | | | — | | | 103,377,443 | | | Self-directed brokerage account | | 4,966,337 | | | — | | | — | | | 4,966,337 | | | Total investments in the fair-value hierarchy | | $ | 112,975,810 | | | $ | — | | | $ | — | | | $ | 112,975,810 | | | | | | | | | | | Investments in Collective Trust funds at net asset value(1) | | | | | | 138,982,873 | | | | | | | | | | | | Total investments at fair value | | | | | | | | $ | 251,958,683 | |
________________________________ (1) In accordance with FASB Subtopic 820-10, certain investments that are measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the Statements of Net Assets Available for Benefits.
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