Jeremy Sg Fowden - 08 Apr 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Director
Signature: /s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol: STZ
Transactions as of: 08 Apr 2022
Net transactions value: -$1,540,663
Form type: 4
Filing time: 12 Apr 2022, 16:58:28 UTC
Previous filing: 15 Feb 2022
Next filing: 17 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STZ	Class A Common Stock	Conversion of derivative security		+7,574	+41%		26,075	08 Apr 2022	Direct	F1
transaction	STZ	Class A Common Stock	Sale	$1,742,283	-7,249	-28%	$240.35	18,826	08 Apr 2022	Direct	F2
transaction	STZ	Class A Common Stock	Sale	$78,347	-325	-1.7%	$241.07	18,501	08 Apr 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	STZ	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-4,824	-100%	$0.000000^*	0	08 Apr 2022	Class 1 (convertible) Common Stock	4,824	$29.02	Direct	F4
transaction	STZ	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-2,750	-100%	$0.000000^*	0	08 Apr 2022	Class 1 (convertible) Common Stock	2,750	$50.90	Direct	F4
transaction	STZ	Class 1 (convertible) Common Stock	Options Exercise	$139,992	+4,824		$29.02	4,824	08 Apr 2022	Class A Common Stock	4,824		Direct	F5
transaction	STZ	Class 1 (convertible) Common Stock	Options Exercise	$139,975	+2,750		$50.90	2,750	08 Apr 2022	Class A Common Stock	2,750		Direct	F5
transaction	STZ	Class 1 (convertible) Common Stock	Conversion of derivative security	$0	-7,574	-100%	$0.000000^*	0	08 Apr 2022	Class A Common Stock	7,574		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 $240.0000 to $240.9400, 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	Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $241.0550 to $241.1100, 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.
F4	100% of this option has become exercisable.
F5	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.

Remarks:

Exhibit 24 - Power of Attorney