Robert Sands - Oct 16, 2024 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Signature
/s/ Robert Sands
Stock symbol
STZ
Transactions as of
Oct 16, 2024
Transactions value $
-$28,908,889
Form type
4
Date filed
10/18/2024, 06:52 PM
Previous filing
Jul 18, 2024
Next filing
Nov 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Sale -$11.7M -48.3K -8.77% $242.00 503K Oct 16, 2024 By RSS Master LLC F1, F2, F8
transaction STZ Class A Common Stock Sale -$15.3M -62.9K -12.52% $242.53 440K Oct 16, 2024 By RSS Master LLC F2, F3, F8
transaction STZ Class A Common Stock Sale -$1.95M -8.02K -1.82% $243.40 432K Oct 16, 2024 By RSS Master LLC F2, F4, F8
holding STZ Class A Common Stock 8.6K Oct 16, 2024 Direct
holding STZ Class A Common Stock 20.5M Oct 16, 2024 By RRA&Z Holdings LLC F5
holding STZ Class A Common Stock 19.3K Oct 16, 2024 By PKSDT 2016 STZ F6
holding STZ Class A Common Stock 1.77K Oct 16, 2024 By Spouse F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $241.25 to $242.24 per share, inclusive. The reporting person undertakes to provide Constellation Brands, Inc., any security holder of Constellation Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1, 3, and 4 of this Form 4.
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 S. Sands Master Trust. The reporting person is the sole trustee and sole beneficiary of the Robert S. Sands Master Trust.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $242.25 to $243.24 per share, inclusive.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $243.25 to $243.63 per share, inclusive.
F5 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.
F6 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.
F7 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.
F8 463 shares of Class A Common Stock were previously reported as held directly by the Reporting Person. The Reporting Person has transferred the securities to RSS Master, which is the direct owner of these securities.