BROWN FORMAN CORP — Director's Dealing 2023

Feb 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2023-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-31	Class B Common	M	10880	$28.034	Acquired	40510	Direct
2023-01-31	Class B Common	F	6649	$66	Disposed	33861	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-31	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	25812	Indirect
Class B Common	19542.4042	Indirect
Class B Common	15.7051	Indirect
Class B Common	4569.262	Indirect
Class B Common	36825	Indirect
Class B Common	70272	Indirect
Class A Common	5267	Direct
Class A Common	6983	Indirect
Class A Common	71.7424	Indirect
Class A Common	21996	Indirect

Footnotes

F1: Totals updated to reflect transfer of 2,864 Class A shares and 4,792 Class B shares from GRAT to direct holdings.

F2: The closing price of BF-B on January 30, 2023, was used to calculate the withholding obligation.

F3: Number of shares acquired through the issuer's 401(k) plan as of January 30, 2023.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of February 2, 2023.

F5: Number of shares acquired through the issuer's employee stock purchase program as of February 2, 2023.