| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STZ | Class A Common Stock | Award | +22.7M | +429.14% | 28M | Nov 10, 2022 | By RRA&Z Holdings LLC | F1, F2 | ||
| holding | STZ | Class A Common Stock | 8.6K | Nov 10, 2022 | Direct | ||||||
| holding | STZ | Class A Common Stock | 550K | Nov 10, 2022 | By RSS Master LLC | F3 | |||||
| holding | STZ | Class A Common Stock | 19.3K | Nov 10, 2022 | By Pamela K. Sands 2016 Descendants' Trust | F4 | |||||
| holding | STZ | Class A Common Stock | 1.77K | Nov 10, 2022 | By Spouse | F5 |
| 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 | +326 | $0.00 | 326 | Nov 10, 2022 | Class A Common Stock | 326 | Direct | F6, F7 | ||
| transaction | STZ | Non-Qualified Stock Option (right to buy) | Award | $0 | +487 | $0.00 | 487 | Nov 10, 2022 | Class A Common Stock | 487 | $244.03 | Direct | ||
| transaction | STZ | Class B (convertible) Common Stock | Disposed to Issuer | -22.7M | -100% | 0 | Nov 10, 2022 | Class A Common Stock | 22.7M | By RRA&Z Holdings LLC | F1, F2 |
| 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 Robert Sands. |
| F2 | Various Sands family limited partnerships directly own the reported securities. WildStar Partners LLC ("WildStar") holds a .045% co-general partner interest in those family limited partnerships. RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar. The reporting person indirectly owns a membership interest in and is co-manager of RRA&Z. |
| F3 | RSS Master LLC ("RSS Master") directly owns the reported securities. RSS Master is a limited liability company that is wholly-owned by the Robert Sands Master Trust. The reporting person is the sole trustee and sole beneficiary of the Robert Sands Master Trust. |
| F4 | These shares are held in a trust for the benefit of the reporting person's stepchildren. The reporting person's spouse is the trustee of this trust. The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose. |
| F5 | The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose. |
| F6 | Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock. |
| F7 | 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. |