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

Role: Member of 10% owner group
Signature: /s/ Zachary Stern
Issuer symbol: STZ
Transactions as of: 10 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Nov 2022, 06:31:01 UTC
Previous filing: 19 Jul 2022
Next filing: 17 Nov 2022
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	Other		+8,073,856	+678%		9,264,764	10 Nov 2022	By A&Z 2015 Business Holdings LP	F1, F2
transaction	STZ	Class A Common Stock	Other		+20,695			20,695	10 Nov 2022	By NSDT 2009 STZ LLC	F1, F3
holding	STZ	Class A Common Stock						33,415	10 Nov 2022	Direct
holding	STZ	Class A Common Stock						20,615	10 Nov 2022	By NSDT 2011 STZ LLC	F4
holding	STZ	Class A Common Stock						100	10 Nov 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		-8,073,856	-100%		0	10 Nov 2022	Class A Common Stock	8,073,856		By A&Z 2015 Business Holdings LP	F1, F2
transaction	STZ	Class B (convertible) Common Stock	Other		-20,695	-100%		0	10 Nov 2022	Class A Common Stock	20,695		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.