CONSTELLATION BRANDS, INC. — Director's Dealing 2021

May 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2021-05-25

Reporting Person: Sabia James A. Jr. (EVP & Managing Director-Beer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-25	Class A Common Stock	C	12120	—	Acquired	58044	Direct
2021-05-25	Class A Common Stock	S	12120	$239.0546	Disposed	45924	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-25	Non-Qualified Stock Option (right to buy)	$53.34	M	12120	Disposed	2023-06-07	Class 1 (convertible) Common Stock (12120.0)	Direct
2021-05-25	Class 1 (convertible) Common Stock	$	M	12120	Acquired		Class A Common Stock (12120.0)	Direct
2021-05-25	Class 1 (convertible) Common Stock	$	C	12120	Disposed		Class A Common Stock (12120.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2392	Indirect

Footnotes

F1: The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.

F2: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $239.0000 to $239.3500, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

F3: Held by the James A., Jr. and Brooke M. Sabia Trust, of which the reporting person and his spouse are trustees and beneficiaries.

F4: 100% of this option has become exercisable.

F5: Shares of Class 1 Common Stock are convertible to shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holders' sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange.