CONSTELLATION BRANDS, INC. — Director's Dealing 2023

Jul 24, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2023-07-20

Reporting Person: Newlands William A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-20	Class A Common Stock	C	37409	—	Acquired	58741	Direct
2023-07-20	Class A Common Stock	S	2945	$266.6736	Disposed	55796	Direct
2023-07-20	Class A Common Stock	S	37823	$267.9053	Disposed	17973	Direct
2023-07-20	Class A Common Stock	S	8657	$268.3006	Disposed	9316	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-20	Non-Qualified Stock Option (right to buy)	$156.84	M	16882	Disposed	2026-04-25	Class 1 (convertible) Common Stock (16882)	Direct
2023-07-20	Non-Qualified Stock Option (right to buy)	$172.09	M	20527	Disposed	2027-04-21	Class 1 (convertible) Common Stock (20527)	Direct
2023-07-20	Class 1 (convertible) Common Stock	$	M	16882	Acquired		Class A Common Stock (16882)	Direct
2023-07-20	Class 1 (convertible) Common Stock	$	M	20527	Acquired		Class A Common Stock (20527)	Direct
2023-07-20	Class 1 (convertible) Common Stock	$	C	37409	Disposed		Class A Common Stock (37409)	Direct

Footnotes

F1: 100% of this option has become exercisable.

F2: Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the issuer on a one-to-one basis. In accordance with the certificate of incorporation of Constellation Brands, Inc., any shares of Class A Common Stock issued upon conversion of shares of Class 1 Common Stock must be sold immediately in connection with the conversion. Class 1 Common Stock is not traded on any stock exchange.

F3: 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.

F4: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $266.2400 to $267.2200, 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.

F5: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $267.2600 to $268.2550, 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.

F6: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $268.2600 to $268.3375, 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.