Form 4 for STZ Constellation Brands
Accepted 2022-07-19 00:00:00 ET · period of report 2022-07-15 · accession 0000899243-22-026329 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-07-19 | 2022-07-15 | STZ | RES Master LLC | 10% | C - Cnv Deriv | — | +952.3K | 1.10M | +635% | — |
| DMI | 2022-07-19 | 2022-07-15 | STZ | RES Master LLC | 10% | S - Sale | $242.81 | -1.14M | 5.30M | -18% | -$275.74M |
| D | 2022-07-19 | 2022-07-15 | STZ | RES Master LLC | 10% | C - Cnv Deriv | $0.00 | -952.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-07-15 | C | A | 952,282 | — | 1,102,158 | I By RES Master LLC | — | — | (F1) The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis. (F2) RES Master LLC ("RES Master") is the direct owner of these securities. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. |
| 2 | Common | Class A Common Stock | 2022-07-15 | S | D | 952,282 | $242.81 | 149,876 | I By RES Master LLC | — | — | (F2) RES Master LLC ("RES Master") is the direct owner of these securities. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. |
| 3 | Common | Class A Common Stock | 2022-07-15 | S | D | 183,332 | $242.81 | 5,300,510 | I By RRA&Z Holdings LLC | — | — | (F3) On July 15, 2022, MAS Business Holdings LP ("MAS") entered into a private transaction to sell 183,332 shares of Class A Common Stock. (F4) The reported shares are also indirectly owned by RES Master. Various Sands family limited partnerships, including MAS, directly own the reported shares of Class A Common Stock and Class B Common Stock. 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, and RES Master is a member of RRA&Z. |
| 4 | Derivative | Class 1 (convertible) Common Stock | 2022-07-15 | C | D | 952,282 | $0.00 | 0 | D | — · — to — | 952,282 Class A Common Stock | (F5) Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis. In accordance with the certificate of incorporation of Constellation Brands, any shares of Class A Common Stock issued upon conversion of shares of Class 1 Common Stock must be sold immediately in connection with the conversion. Class 1 Common Stock is not traded on any stock exchange. |