BROWN FORMAN CORP — Director's Dealing 2021

May 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2021-04-30

Reporting Person: Hamel Matthew E (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-30	Class B Common	M	15245	$18.217	Acquired	25666	Direct
2021-04-30	Class B Common	F	8714	$78.09	Disposed	16952	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-30	Stock Appreciation Right	$18.217	M	15245	Disposed	2021-04-30	Class B Common (15245.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	46373	Indirect
Class B Common	69922	Indirect
Class B Common	18080.1444	Indirect
Class B Common	3540.7323	Indirect
Class B Common	7.4973	Indirect

Footnotes

F1: The closing price of BF-B on April 29, 2021 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of April 30, 2021.

F3: Number of shares acquired through the issuer's employee stock purchase program as of May 3, 2021.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of May 3, 2021.