DANIEL J. MCCARTHY - 03 Aug 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Director
Signature: /s/ Matthew Stoloff, Attorney-in-fact
Issuer symbol: STZ
Transactions as of: 03 Aug 2022
Net transactions value: -$275,201
Form type: 4
Filing time: 04 Aug 2022, 16:34:40 UTC
Previous filing: 21 Jul 2022
Next filing: 11 Jul 2023
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		+1,172	+31%		4,914	03 Aug 2022	Direct	F1
transaction	STZ	Class A Common Stock	Sale	$415,103	-1,682	-34%	$246.79	3,232	03 Aug 2022	Direct	F2

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	-1,172	-100%	$0.000000^*	0	03 Aug 2022	Class 1 (convertible) Common Stock	1,172	$119.37	Direct	F3
transaction	STZ	Class 1 (convertible) Common Stock	Options Exercise	$139,902	+1,172		$119.37	1,172	03 Aug 2022	Class A Common Stock	1,172		Direct	F4
transaction	STZ	Class 1 (convertible) Common Stock	Conversion of derivative security	$0	-1,172	-100%	$0.000000^*	0	03 Aug 2022	Class A Common Stock	1,172		Direct	F4

* 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 $246.7450 to $246.8350, 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 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.