RES 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, 11:20 AM
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	Award		+5.3M			5.3M	Nov 10, 2022	Direct	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		-5.3M	-100%		0	Nov 10, 2022	Class A Common Stock	5.3M		Direct	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 RES Business Holdings LP ("RES Holdings") and RES Business Management LLC ("RES Management"). The reported securities are owned directly by RES Holdings. RES Management is the co-general partner of, and owns a 0.0009% interest in, RES 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 RES Business Holdings LP ("RES Holdings") and RES Business Management LLC ("RES Management"). The reported securities are owned directly by RES Holdings. RES Management is the co-general partner of, and owns a 0.0009% interest in, RES Holdings.