Zachary Stern - May 10, 2023 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
May 10, 2023
Transactions value $
-$154,550,877
Form type
4
Date filed
5/12/2023, 07:18 PM
Previous 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 Sale -$145M -650K -16.19% $223.53 3.37M May 10, 2023 By ZMSS Business Holdings LP F1
transaction STZ Class A Common Stock Sale -$4.63M -20.7K -100% $223.53 0 May 10, 2023 By NSDT 2009 STZ LLC F2
transaction STZ Class A Common Stock Sale -$4.61M -20.6K -100% $223.53 0 May 10, 2023 By NSDT 2011 STZ LLC F3
transaction STZ Class A Common Stock Sale -$22.4K -100 -100% $223.53 0 May 10, 2023 By MAS Business Holdings LP F4
holding STZ Class A Common Stock 33.4K May 10, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 ZMSS Business Holdings LP ("ZMSS Holdings") directly owns the reported securities. ZMSS Holdings is a limited partnership and ZMSS Business Management LLC ("ZMSS Management") is its co-general partner. The Reporting Person indirectly holds limited partner interests in ZMSS Holdings and is the sole member of ZMSS Management. The shares held by ZMSS Holdings were received as a contribution from its former parent, A&Z 2015 Business Holdings LP, which was liquidated in November 2022 and its assets were distributed to its partners.
F2 The reported shares were 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.
F3 The reported shares were 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.
F4 MAS Business Holdings LP ("MAS") was 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.