CONSTELLATION BRANDS, INC. — Director's Dealing 2021

May 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2021-04-29

Reporting Person: FOWDEN JEREMY S G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-29	Class A Common Stock	C	6517	—	Acquired	24451	Direct
2021-04-29	Class A Common Stock	S	6517	$241.9044	Disposed	17934	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-29	Non-Qualified Stock Option (right to buy)	$21.48	M	6517	Disposed	2021-07-21	Class 1 (convertible) Common Stock (6517.0)	Direct
2021-04-29	Class 1 (convertible) Common Stock	$	M	6517	Acquired		Class A Common Stock (6517.0)	Direct
2021-04-29	Class 1 (convertible) Common Stock	$	C	6517	Disposed		Class A Common Stock (6517.0)	Direct

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 $241.3900 to $242.0500, 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: 100% of this option has become exercisable.

F4: 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.