Zachary Stern - Nov 10, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Member of 10% owner group
Signature: /s/ Zachary Stern
Stock symbol: STZ
Transactions as of: Nov 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/14/2022, 06:31 AM
Previous filing: Jul 19, 2022
Next filing: Nov 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STZ	Class A Common Stock	Other		+8.07M	+677.96%		9.26M	Nov 10, 2022	By A&Z 2015 Business Holdings LP	F1, F2
transaction	STZ	Class A Common Stock	Other		+20.7K			20.7K	Nov 10, 2022	By NSDT 2009 STZ LLC	F1, F3
holding	STZ	Class A Common Stock						33.4K	Nov 10, 2022	Direct
holding	STZ	Class A Common Stock						20.6K	Nov 10, 2022	By NSDT 2011 STZ LLC	F4
holding	STZ	Class A Common Stock						100	Nov 10, 2022	By MAS Business Holdings LP	F5

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	Other		-8.07M	-100%		0	Nov 10, 2022	Class A Common Stock	8.07M		By A&Z 2015 Business Holdings LP	F1, F2
transaction	STZ	Class B (convertible) Common Stock	Other		-20.7K	-100%		0	Nov 10, 2022	Class A Common Stock	20.7K		By NSDT 2009 STZ LLC	F1, F3

* 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.
F2	A&Z 2015 Business Holdings LP ("A&Z") directly owns the reported securities. A&Z is a limited partnership and A&Z 2015 Business Management LLC ("A&Z Management") is its co-general partner. A&Z Management holds a .0249% general partner interest A&Z. The reporting person indirectly holds limited partner interests in A&Z and is a member of A&Z Management.
F3	Held by NSDT 2009 STZ LLC ("NSDT 2009"), for which the reporting person serves as a trustee of the ultimate parent trust of NSDT 2009.
F4	Held by NSDT 2011 STZ LLC ("NSDT 2011"), for which the reporting person serves as a trustee of the ultimate parent trust of NSDT 2011.
F5	MAS Business Holdings LP ("MAS") is the direct owner of these securities. MAS is a limited partnership and MAS Business Management LLC ("MAS Management") is its co-general partner. MAS Management holds a 0.0139% general partner interest in MAS. Abby & Zach Holdings LLC ("Abby & Zach Holdings") holds a 33.3% interest in MAS Management. The reporting person is a member and a co-manager of Abby & Zach Holdings.