Kaneenat Kristann Carey - 30 Nov 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: EVP & Chief HR Officer
Signature: /s/ Brian S. Bennett, Attorney-in-fact
Issuer symbol: STZ
Transactions as of: 30 Nov 2022
Net transactions value: -$95,639
Form type: 4
Filing time: 02 Dec 2022, 15:31:48 UTC
Previous filing: 11 May 2022
Next filing: 06 Apr 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		+978	+97%		1,982	30 Nov 2022	Direct	F1, F2, F3
transaction	STZ	Class A Common Stock	Sale	$245,292	-978	-49%	$250.81	1,004	30 Nov 2022	Direct

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	-978	-33%	$0.000000	1,955	30 Nov 2022	Class 1 (convertible) Common Stock	978	$153.02	Direct	F4
transaction	STZ	Class 1 (convertible) Common Stock	Options Exercise	$149,654	+978		$153.02	978	30 Nov 2022	Class A Common Stock	978		Direct	F5
transaction	STZ	Class 1 (convertible) Common Stock	Conversion of derivative security	$0	-978	-100%	$0.000000^*	0	30 Nov 2022	Class A Common Stock	978		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	Includes shares of Class A Common Stock acquired in July 2022 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
F3	Includes a correction to the number of shares of Class A Common Stock reported as beneficially owned directly by the reporting person on her original Form 3, which inadvertently overstated the number of shares held as of the date of such filing by 19 shares of Class A Common Stock.
F4	This option, representing a right to purchase a total of 3,911 shares, becomes exercisable at the rate of 25% per year beginning on the date specified.
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.