Robert Sands - May 10, 2023 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Director, Non-Exec Chairman of the Board, 10%+ Owner
Signature
/s/ Thomas M. Farace, Attorney-in-Fact
Stock symbol
STZ
Transactions as of
May 10, 2023
Transactions value $
-$862,485,140
Form type
4
Date filed
5/12/2023, 07:17 PM
Previous filing
Nov 17, 2022
Next filing
Jul 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Sale -$862M -3.86M -15.85% $223.53 20.5M May 10, 2023 By RRA&Z Holdings LLC F1
holding STZ Class A Common Stock 8.6K May 10, 2023 Direct
holding STZ Class A Common Stock 550K May 10, 2023 By RSS Master LLC F2
holding STZ Class A Common Stock 19.3K May 10, 2023 By PKSDT 2016 STZ LLC F3
holding STZ Class A Common Stock 1.77K May 10, 2023 By Spouse F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 PKSDT 2016 STZ LLC ("PKSDT") directly owns the reported securities and is a wholly-owned subsidiary of the Pamela K. Sands 2016 Descendants' Trust (the "Trust"). These shares are held for the benefit of the Reporting Person's stepchildren. The Reporting Person's spouse is the trustee of the 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.
F4 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.