Form 4: Richard Sands Master Trust Restructures Significant Constellation Brands Holdings

Richard Sands Master Trust and RES Master LLC have filed a Form 4 detailing an internal restructuring of their indirect beneficial ownership of Constellation Brands Class A Common Stock.

Summary

• Richard Sands Master Trust and RES Master LLC, both identified as members of a 10% owner group of Constellation Brands, Inc. (STZ), filed a Form 4.
• The filing reports a transaction on May 31, 2025, where RES Master LLC contributed its membership interests in RRA&Z Holdings LLC to WSP Holdings Master LLC, a wholly owned subsidiary of WSP Holdings Trust.
• This transaction represents a change in the indirect beneficial ownership structure of Constellation Brands Class A Common Stock for the reporting persons.
• Following the reported transaction, 20,428,521 shares of Class A Common Stock are beneficially owned indirectly by RRA&Z Holdings LLC, and 188,015 shares are beneficially owned indirectly by RES Master LLC.
• Additionally, 789 shares of Class A Common Stock previously reported as held directly by Richard Sands were transferred to RES Master LLC, which is now the direct owner of these specific securities.

Sentiment

Score: 5

Explanation: The filing reports an internal restructuring of beneficial ownership by a significant shareholder group. It does not indicate positive or negative operational or financial performance for the company, hence a neutral sentiment.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Constellation Brands' future performance, strategic direction, or financial outlook.

Industry Context

This Form 4 filing primarily details an internal restructuring of beneficial ownership by a significant shareholder group of Constellation Brands. It does not contain information relevant to broader industry trends, competitive landscape, or market position of Constellation Brands.

Related Party Transactions

• The transaction involves the restructuring of beneficial ownership among entities related to the Sands family, who are part of a 10% owner group of Constellation Brands. Specifically, RES Master LLC, wholly-owned by Richard Sands Master Trust, contributed membership interests in RRA&Z Holdings LLC to WSP Holdings Master LLC, a wholly owned subsidiary of WSP Holdings Trust.

Stakeholder Impact

• The primary impact is on the internal structure of the Sands family's beneficial ownership of Constellation Brands shares. There is no direct immediate impact on other shareholders, employees, customers, suppliers, or creditors of Constellation Brands, as this is an internal transfer of ownership structure rather than a market transaction or operational change.

Key Dates

Keywords

Constellation Brands, STZ, Form 4, Beneficial Ownership, Richard Sands, Ownership Structure, SEC Filing, Insider Transaction