DANIEL J. MCCARTHY - 21 Jul 2023 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: 21 Jul 2023
Net transactions value: -$257,726
Form type: 4
Filing time: 25 Jul 2023, 16:25:39 UTC
Previous filing: 11 Jul 2023
Next filing: 12 Jul 2024
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		+1,267	+34%		4,968	24 Jul 2023	Direct	F5
transaction	STZ	Class A Common Stock	Sale	$468,479	-1,736	-35%	$269.86	3,232	24 Jul 2023	Direct	F6

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	Restricted Stock Units	Award	$0	+463		$0.000000	463	21 Jul 2023	Class A Common Stock	463		Direct	F1, F2
transaction	STZ	Non-Qualified Stock Option (right to buy)	Award	$0	+658		$0.000000	658	21 Jul 2023	Class 1 (convertible) Common Stock	658	$269.50	Direct
transaction	STZ	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1,267	-100%	$0.000000^*	0	24 Jul 2023	Class 1 (convertible) Common Stock	1,267	$166.34	Direct	F3
transaction	STZ	Class 1 (convertible) Common Stock	Options Exercise	$210,753	+1,267		$166.34	1,267	24 Jul 2023	Class A Common Stock	1,267		Direct	F4
transaction	STZ	Class 1 (convertible) Common Stock	Conversion of derivative security	$0	-1,267	-100%	$0.000000^*	0	24 Jul 2023	Class A Common Stock	1,267		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
F2	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.
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.
F5	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.
F6	Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $269.8103 to $269.8800, 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.