Richard Sands Master Trust - 10 Nov 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Member of 10% owner group
Signature: /s/ Thomas M. Farace, Authorized Person, Richard Sands Master Trust
Issuer symbol: STZ
Transactions as of: 10 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Nov 2022, 06:30:11 UTC
Previous filing: 19 Jul 2022
Next filing: 03 Jun 2025
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	Award		+37,350	+25%		187,226	10 Nov 2022	By RES Master LLC	F1, 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	Class B (convertible) Common Stock	Disposed to Issuer		-37,350	-100%		0	10 Nov 2022	Class A Common Stock	37,350		By RES Master LLC	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands.
F2	This report is filed jointly by Richard Sands Master Trust and RES Master LLC ("RES Master"). The reported securities are owned directly by RES Master. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. Richard Sands is the sole trustee and sole beneficiary of the Richard Sands Master Trust.

Content

Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands.

This report is filed jointly by Richard Sands Master Trust and RES Master LLC ("RES Master"). The reported securities are owned directly by RES Master. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. Richard Sands is the sole trustee and sole beneficiary of the Richard Sands Master Trust.