SANDS RICHARD 4

What Happened Richard Sands (reported as a 10% owner) received an award of 1,400 restricted stock units (RSUs) on July 22, 2026. The Form 4 lists the acquisition price as $0.00, indicating these were granted rather than purchased; the units are derivative awards that represent a contingent right to receive shares of Constellation Brands common stock upon vesting. This is a grant/award transaction (not a sale or open-market purchase).

Key Details

• Transaction date: 2026-07-22; Transaction type: Award/Grant (code A); Price: $0.00.
• Amount: 1,400 restricted stock units (derivative securities).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 — each RSU equals a contingent right to one share of Class A common stock; F2 — all RSUs vest on the date specified in the filing and vested shares will be delivered on that vesting date.
• Filing timeliness: No late-filing indication in the provided data.

Context

• RSUs are derivatives that convert to actual shares only upon vesting; until then they are a contingent entitlement rather than free tradable stock. Upon vesting the RSUs will be settled in shares (per the footnote).
• As a 10% owner, Sands is a significant shareholder; this report reflects an internal award rather than a market transaction and should not be read as a direct buy/sell signal.