CONSTELLATION BRANDS, INC. — Director's Dealing 2023

May 13, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2023-05-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-10	Class A Common Stock	S	3858476	$223.53	Disposed	20488818	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	187226	Indirect
Class A Common Stock	15720	Indirect

Footnotes

F1: 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.

F2: RES Master LLC ("RES Master") directly owns the reported securities. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. The Reporting Person is the sole trustee and sole beneficiary of the Richard Sands Master Trust.

F3: 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.