CONSTELLATION BRANDS, INC. — Director's Dealing 2023

Jul 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2023-07-10

Reporting Person: SANDS ROBERT (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-10	Class A Common Stock	M	326	—	Acquired	8926	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-10	Restricted Stock Units	$	M	326	Disposed		Class A Common Stock (326)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	20488818	Indirect
Class A Common Stock	550214	Indirect
Class A Common Stock	19329	Indirect
Class A Common Stock	1769	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F2: Various Sands family limited partnerships directly own the reported securities. WildStar Partners LLC ("WildStar") holds a .045% co-general partner interest in those family limited partnerships. RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar. The Reporting person indirectly owns a membership interest in and is co-manager of RRA&Z.

F3: RSS Master LLC ("RSS Master") directly owns the reported securities. RSS Master is a limited liability company that is wholly-owned by the Robert Sands Master Trust. The Reporting Person is the sole trustee and sole beneficiary of the Robert Sands Master Trust.

F4: PKSDT 2016 STZ LLC ("PKSDT") directly owns the reported securities and is a wholly-owned subsidiary of the Pamela K. Sands 2016 Descendants' Trust (the "Trust"). These shares are held for the benefit of the Reporting Person's stepchildren. The Reporting Person's spouse is the trustee of the Trust. The
Reporting Person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F5: The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F6: All of these restricted stock units vest on the date specified. Vested shares will be delivered to the reporting person as of the vesting date.