BROWN FORMAN CORP — Director's Dealing 2023

May 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2023-04-28

Reporting Person: Hamel Matthew E (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-28	Class B Common	M	10880	$28.034	Acquired	47641	Direct
2023-04-28	Class B Common	F	6600	$65.28	Disposed	41041	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-28	Stock Appreciation Right	$28.034	M	10880	Disposed	2023-04-30	Class B Common (10880.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	22912	Indirect
Class B Common	20014.5254	Indirect
Class B Common	16.512	Indirect
Class B Common	4725.0942	Indirect
Class B Common	36825	Indirect
Class B Common	70272	Indirect
Class A Common	5967	Direct
Class A Common	6283	Indirect
Class A Common	75.0879	Indirect
Class A Common	21996	Indirect

Footnotes

F1: Totals updated to reflect transfer of 700 Class A shares and 2,900 Class B shares from 2021 GRAT to direct holdings.

F2: The closing price of BF-B on April 27, 2023, was used to calculate the withholding obligation.

F3: Number of shares acquired through the issuer's 401(k) plan as of April 28, 2023.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of May 1, 2023.

F5: Number of shares acquired through the issuer's employee stock purchase program as of May 1, 2023.