Daniel J. Mccarthy - Jul 21, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Director
Signature: /s/ Brian S. Bennett, Attorney-in-fact
Stock symbol: STZ
Transactions as of: Jul 21, 2023
Transactions value $: -$257,726
Form type: 4
Date filed: 7/25/2023, 04:25 PM
Previous filing: Jul 11, 2023
Next filing: Jul 12, 2024

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		+1.27K	+34.23%		4.97K	Jul 24, 2023	Direct	F5
transaction	STZ	Class A Common Stock	Sale	-$468K	-1.74K	-34.94%	$269.86	3.23K	Jul 24, 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		$0.00	463	Jul 21, 2023	Class A Common Stock	463		Direct	F1, F2
transaction	STZ	Non-Qualified Stock Option (right to buy)	Award	$0	+658		$0.00	658	Jul 21, 2023	Class 1 (convertible) Common Stock	658	$269.50	Direct
transaction	STZ	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-1.27K	-100%	$0.00^*	0	Jul 24, 2023	Class 1 (convertible) Common Stock	1.27K	$166.34	Direct	F3
transaction	STZ	Class 1 (convertible) Common Stock	Options Exercise	$211K	+1.27K		$166.34	1.27K	Jul 24, 2023	Class A Common Stock	1.27K		Direct	F4
transaction	STZ	Class 1 (convertible) Common Stock	Conversion of derivative security	$0	-1.27K	-100%	$0.00^*	0	Jul 24, 2023	Class A Common Stock	1.27K		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.