Richard Sands Master Trust - Nov 10, 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
Stock symbol
STZ
Transactions as of
Nov 10, 2022
Transactions value $
$0
Form type
4
Date filed
11/14/2022, 06:30 AM
Previous filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Award +37.4K +24.92% 187K Nov 10, 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 -37.4K -100% 0 Nov 10, 2022 Class A Common Stock 37.4K 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.