SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Richard Sands Master Trust (Last) (First) (Middle) 207 HIGH POINT DRIVE BUILDING 100 (Street) VICTOR NY 14564 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CONSTELLATION BRANDS, INC. [ STZ ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/30/2021
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								5,483,842	I	by RRAZ Holdings LLC(1)
Class A Common Stock								149,876	I	by RES Master LLC(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$24.5	11/30/2021		M			357,030	04/03/2013(3)	04/03/2022	Class 1 (convertible) Common Stock	357,030	$0	0	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$47.79	11/30/2021		M			167,370	04/26/2014(3)	04/26/2023	Class 1 (convertible) Common Stock	167,370	$0	0	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$79.61	11/30/2021		M			105,200	04/28/2015(3)	04/28/2024	Class 1 (convertible) Common Stock	105,200	$0	0	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$117.12	11/30/2021		M			94,170	04/28/2016(3)	04/28/2025	Class 1 (convertible) Common Stock	94,170	$0	0	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$156.84	11/30/2021		M			79,141	04/25/2017(3)	04/25/2026	Class 1 (convertible) Common Stock	79,141	$0	0	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$172.09	11/30/2021		M			84,970	04/21/2018(3)	04/21/2027	Class 1 (convertible) Common Stock	84,970	$0	0	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$207.48	11/30/2021		M			36,544	04/23/2020(4)	04/23/2029	Class 1 (convertible) Common Stock	36,544	$0	36,543	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$153.02	11/30/2021		M			27,857	04/21/2021(4)	04/21/2030	Class 1 (convertible) Common Stock	27,857	$0	83,568	I	by RES Master LLC(2)
Class 1 (convertible) Common Stock	(5)	11/30/2021		M		952,282		(5)	(5)	Class A Common Stock	952,282	(6)	952,282	I	by RES Master LLC(2)
Class B (convertible) Common Stock	(7)							(7)	(7)	Class A Common Stock	22,746,786		22,746,786	I	by RRAZ Holdings LLC(1)
Class B (convertible) Common Stock	(7)							(7)	(7)	Class A Common Stock	37,350		37,350	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$228.26							04/23/2019(4)	04/23/2028	Class 1 (convertible) Common Stock	66,895		66,895	I	by RES Master LLC(2)
Non-Qualified Stock Option (right to buy)	$238.31							04/20/2022(4)	04/20/2031	Class 1 (convertible) Common Stock	56,846		56,846	I	by RES Master LLC(2)

1. Name and Address of Reporting Person* Richard Sands Master Trust (Last) (First) (Middle) 207 HIGH POINT DRIVE BUILDING 100 (Street) VICTOR NY 14564 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* RES Master LLC (Last) (First) (Middle) 207 HIGH POINT DRIVE BUILDING 100 (Street) VICTOR NY 14564 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The reported shares are also indirectly owned by RES Master LLC. Various Sands family limited partnerships 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 ("RRAZ") is the sole member of WildStar, and RES Master LLC is a member of RRAZ. RES Master LLC is a sole member limited liability company of which the Richard Sands Master Trust is the sole owner.

2. RES Master LLC is the direct owner of these securities. RES Master LLC is a limited liability company that is wholly-owned by the Richard Sands Master Trust.

3. 100% of this option has become exercisable.

4. This option becomes exercisable at the rate of 25% per year beginning on the date specified.

5. 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, Inc., 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.

6. The shares of Class 1 Common Stock were acquired at the following prices: 357,030 at $24.50; 167,370 at $47.79; 105,200 at $79.61; 94,170 at $117.12; 79,141 at $156.84; 84,970 at $172.09; 36,544 at $207.48; and 27,857 at $153.02.

7. Shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis at any time at the option of the holder. The ticker symbol for Class B Common Stock is STZ.B.

Remarks:

	/s/ Thomas M. Farace, Authorized Person, Richard Sands Master Trust	12/02/2021
	/s/ Thomas M. Farace, Authorized Person, RES Master LLC	12/02/2021
	** Signature of Reporting Person	Date
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