RSS Business Holdings LP - Nov 10, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Member of 10% owner group
Signature: /s/ Thomas M. Farace, CEO of WildStar Partners LLC, Managing General Partner of Reporting Person
Stock symbol: STZ
Transactions as of: Nov 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/14/2022, 06:30 AM
Next filing: May 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STZ	Class A Common Stock	Award		+4.52M			4.52M	Nov 10, 2022	Direct	F1, F2
transaction	STZ	Class A Common Stock	Award		+156			156	Nov 10, 2022	by RSS Business Management 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		-4.52M	-100%		0	Nov 10, 2022	Class A Common Stock	4.52M		Direct	F1, F2
transaction	STZ	Class B (convertible) Common Stock	Disposed to Issuer		-156	-100%		0	Nov 10, 2022	Class A Common Stock	156		by RSS Business Management 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 and Robert Sands.
F2	This report is filed jointly by RSS Business Holdings LP ("RSS Holdings") and RSS Business Management LLC ("RSS Management"). RSS Holdings directly holds 4,518,258 shares of Class A Common Stock and RSS Management directly holds 156 shares of Class A Common Stock. RSS Management is the co-general partner of, and owns a 0.009% interest in, RSS Holdings.

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 and Robert Sands.

This report is filed jointly by RSS Business Holdings LP ("RSS Holdings") and RSS Business Management LLC ("RSS Management"). RSS Holdings directly holds 4,518,258 shares of Class A Common Stock and RSS Management directly holds 156 shares of Class A Common Stock. RSS Management is the co-general partner of, and owns a 0.009% interest in, RSS Holdings.