RES Master LLC 4
4 · CONSTELLATION BRANDS, INC. · Filed Jul 19, 2022
Insider Transaction Report
Form 4
Transactions
- Sale
Class A Common Stock
2022-07-15$242.81/sh−183,332$44,514,843→ 5,300,510 total(indirect: By LLC) - Conversion
Class 1 (convertible) Common Stock
2022-07-15−952,282→ 0 total→ Class A Common Stock (952,282 underlying) - Sale
Class A Common Stock
2022-07-15$242.81/sh−952,282$231,223,592→ 149,876 total(indirect: By LLC) - Conversion
Class A Common Stock
2022-07-15+952,282→ 1,102,158 total(indirect: By LLC)
Footnotes (5)
- [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.
- [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.
- [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.