Form 4: ZMSS Business Holdings LP Sells 59,637 Shares of Constellation Brands

ZMSS Business Holdings LP, a member of a 10% owner group, sold 59,637 shares of Constellation Brands (STZ) Class A Common Stock at an average price of $240.38.

Summary

• ZMSS Business Holdings LP sold 59,637 shares of Constellation Brands Class A Common Stock on November 13, 2024.
• The shares were sold at a weighted average price of $240.38 per share.
• The sale was executed in multiple transactions with prices ranging from $239.89 to $240.62 per share.
• Following the transaction, ZMSS Business Holdings LP directly owns 3,306,078 shares of Constellation Brands Class A Common Stock.
• The report is jointly filed by ZMSS Business Holdings LP and ZMSS Business Management LLC, with ZMSS Management acting as a co-general partner of ZMSS Holdings.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale, with no indication of positive or negative sentiment.

Management Comments

• The reporting person undertakes to provide Constellation Brands, Inc., any security holder of Constellation Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this Form 4.

Industry Context

This is a standard SEC Form 4 filing, which is common for individuals or entities with significant holdings in a publicly traded company. It indicates a change in ownership by a major shareholder.

Comparison to Industry Standards

• Form 4 filings are a standard part of regulatory compliance for publicly traded companies in the US.
• The sale of shares by ZMSS Business Holdings LP is not unusual for a large shareholder and is similar to other transactions reported by major shareholders in other companies.
• The transaction is within the normal range of trading activity for a company of Constellation Brands' size.

Stakeholder Impact

• The sale of shares by a major shareholder could have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

Constellation Brands, STZ, ZMSS Business Holdings LP, stock sale, insider trading, share transaction, Class A Common Stock