I Built a SEC Disclosure-Risk Audit Tool — Here's What It Found on a Real Ticker (SNBR)

I Built a SEC Disclosure-Risk Audit Tool — Here's What It Found on a Real Ticker (SNBR)

I've been building FilingFirehose for the past few months — a tool that ingests every SEC 8-K, 10-K, 10-Q, S-3, and 13D filing in real time and scores each issuer for disclosure risk. This week I shipped the first end-to-end "audit" deliverable: a 12-page forensic write-up on a single ticker, with every red flag traced back to a specific EDGAR accession number.

I want to walk through the actual audit it generated on Sleep Number Corp (SNBR) — a real, mid-cap, publicly traded company — because the patterns it surfaced are a useful illustration of what's hiding in plain sight in routine 8-K cadence.

The full sample is public: https://filingfirehose.com/audit/sample/SNBR

The TL;DR