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

Reporting relationship: Director, Non-Exec Chairman of the Board, 10%+ Owner
Issuer ticker: STZ
Reported as of: 10 May 2023
Net transaction value: -$862,485,140
SEC form: 4
Accepted by SEC: 12 May 2023, 19:17:33 UTC
Prior SEC filing: 17 Nov 2022
Next SEC filing: 11 Jul 2023
Source filing: View source filing
Reporting owner signature: /s/ Thomas M. Farace, Attorney-in-Fact

Key filing fact

Robert Sands filed Form 4 for CONSTELLATION BRANDS, INC. (STZ) on 12 May 2023.

Key facts

This page summarizes Robert Sands's Form 4 filing for CONSTELLATION BRANDS, INC. (STZ).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 12 May 2023, 19:17.

Change

Previous filing in this sequence was filed on 17 Nov 2022.
Current net transaction value: -$862,485,140.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

STZ transaction

Class A Common Stock

Sale

Transaction value: $862,485,140
Shares: -3,858,476
Change %: -16%
Price: $223.53
Shares after: 20,488,818
Date: 10 May 2023
Ownership: By RRA&Z Holdings LLC
Footnotes: F1

STZ holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,600
Date: 10 May 2023
Ownership: Direct

STZ holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 550,214
Date: 10 May 2023
Ownership: By RSS Master LLC
Footnotes: F2

STZ holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 19,329
Date: 10 May 2023
Ownership: By PKSDT 2016 STZ LLC
Footnotes: F3

STZ holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,769
Date: 10 May 2023
Ownership: By Spouse
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.