Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Constellation Brands, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
Class B Common Stock, par value $0.01 per share
(Title of Class of Securities)
Class A 21036P 10 8
Class B 21036P 20 7
(CUSIP Number)
Lloyd H. Spencer, Esq.
Nixon Peabody LLP
799 9th Street NW, Suite 500
Washington, D.C. 20001
(202) 585-8303
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
April 2, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d01(f) or 240.13d-1(g), check the following box ☐.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 2 of 24 |
1 |
NAME OF REPORTING PERSONS
Richard Sands | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 149,876 Class B Shares 37,350 | ||||
8 | SHARED VOTING POWER
Class A Shares 891,078 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 149,876 Class B Shares 37,350 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 6,374,920 Class B Shares 22,746,786 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 6,524,796 (29,308,932 if Class B Shares were converted) Class B Shares 22,784,136 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 4.0% (15.7% if Class B Shares were converted) Class B Shares 98.2% | |||||
14 | TYPE OF REPORTING PERSON
IN |
2
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 3 of 24 |
1 |
NAME OF REPORTING PERSONS
Robert Sands | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 557,901 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 891,035 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 557,901 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 6,374,877 Class B Shares 22,746,786 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 6,932,778 (29,679,564 if Class B Shares were converted) Class B Shares 22,746,786 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 4.2% (15.9% if Class B Shares were converted) Class B Shares 98.0% | |||||
14 | TYPE OF REPORTING PERSON
IN |
3
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 4 of 24 |
1 |
NAME OF REPORTING PERSONS
Abigail Bennett | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 58,030 Class B Shares 20,695 | ||||
8 | SHARED VOTING POWER
Class A Shares 0 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 58,030 Class B Shares 20,695 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 1,190,908 Class B Shares 8,073,856 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 1,248,938 (9,343,489 if Class B Shares were converted) Class B Shares 8,094,551 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 0.8% (5.4% if Class B Shares were converted) Class B Shares 34.9% | |||||
14 | TYPE OF REPORTING PERSON
IN |
4
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 5 of 24 |
1 |
NAME OF REPORTING PERSONS
Zachary Stern | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 33,415 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 0 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 33,415 Class B Shares 0 | |||||
10 | SHARED D ISPOSITIVE POWER
Class A Shares 1,190,908 Class B Shares 8,073,856 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 1,224,323 (9,298,179 if Class B Shares were converted) Class B Shares 8,073,856 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 0.7% (5.4% if Class B Shares were converted) Class B Shares 34.8% | |||||
14 | TYPE OF REPORTING PERSON
IN |
5
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 6 of 24 |
1 |
NAME OF REPORTING PERSONS
Astra Legacy LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 0 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 5,484,000 Class B Shares 22,746,942 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 5,484,000 (28,230,942 if Class B Shares were converted) Class B Shares 22,746,942 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 3.3% (15.1% if Class B Shares were converted) Class B Shares 98.0% | |||||
14 | TYPE OF REPORTING PERSON
CO |
6
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 7 of 24 |
1 |
NAME OF REPORTING PERSONS
A&Z 2015 Business Holdings LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 0 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 1,190,908 Class B Shares 8,073,856 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 1,190,908 Class B Shares 8,073,856 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 1,190,908 (9,264,764 if Class B Shares were converted) Class B Shares 8,073,856 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 0.7% (0% if Class B Shares were converted) Class B Shares 34.8% | |||||
14 | TYPE OF REPORTING PERSON
PN |
7
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 8 of 24 |
1 |
NAME OF REPORTING PERSONS
RSS 2015 Business Holdings LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 0 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 250,000 Class B Shares 1,162,492 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 250,000 Class B Shares 1,162,492 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 250,000 (1,412,492 if Class B Shares were converted) Class B Shares 1,162,492 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 0.2% (0.9% if Class B Shares were converted) Class B Shares 5.0% | |||||
14 | TYPE OF REPORTING PERSON
PN |
8
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 9 of 24 |
1 |
NAME OF REPORTING PERSONS
RES Master LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 149,876 Class B Shares 37,350 | ||||
8 | SHARED VOTING POWER
Class A Shares 0 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 149,876 Class B Shares 37,350 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 5,483,842 Class B Shares 22,746,786 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 5,633,718 (28,417,854 if Class B Shares were converted) Class B Shares 22,784,136 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 3.4% (15.2% if Class B Shares were converted) Class B Shares 98.2% | |||||
14 | TYPE OF REPORTING PERSON
CO |
9
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 10 of 24 |
1 |
NAME OF REPORTING PERSONS
RSS Master LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 557,901 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 0 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 557,901 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 5,483,842 Class B Shares 22,746,786 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 6,041,743 (28,788,529 if Class B Shares were converted) Class B Shares 22,746,786 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 3.7% (15.4% if Class B Shares were converted) Class B Shares 98.0% | |||||
14 | TYPE OF REPORTING PERSON
CO |
10
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 11 of 24 |
1 |
NAME OF REPORTING PERSONS
RCT 2020 Investments LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 0 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 0 Class B Shares 675,000 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 0 Class B Shares 675,000 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 0 (675,000 if Class B Shares were converted) Class B Shares 675,000 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 0% (0.0% if Class B Shares were converted) Class B Shares 2.9% | |||||
14 | TYPE OF REPORTING PERSON
CO |
11
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 12 of 24 |
1 |
NAME OF REPORTING PERSONS
WildStar Partners LLC | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 0 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 0 Class B Shares 0 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 5,483,842 Class B Shares 22,746,786 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 5,483,842 (28,230,628 if Class B Shares were converted) Class B Shares 22,746,786 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 3.3% (15.1% if Class B Shares were converted) Class B Shares 98.0% | |||||
14 | TYPE OF REPORTIN G PERSON
CO |
12
SCHEDULE 13D
CUSIP No. | Class A 21036P 10 8 Class B 21036P 20 7 |
Page 13 of 24 |
1 |
NAME OF REPORTING PERSONS
The Stockholders Group (described below) | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
Not Applicable | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Not Applicable |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
Class A Shares 0 Class B Shares 0 | ||||
8 | SHARED VOTING POWER
Class A Shares 7,082,855 Class B Shares 22,784,292 | |||||
9 | SOLE DISPOSITIVE POWER
Class A Shares 0 Class B Shares 0 | |||||
10 | SHARED DISPOSITIVE POWER
Class A Shares 7,082,855 Class B Shares 22,784,292 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class A Shares 7,082,855 (29,867,147 if Class B Shares were converted) Class B Shares 22,784,292 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class A Shares 4.3% (16.0% if Class B Shares were converted) Class B Shares 98.2% | |||||
14 | TYPE OF REPORTING PERSON
OO |
13
Page 14 of 24 |
Amendment No. 8 to Schedule 13D
This Amendment is being filed by Richard Sands, Robert Sands, Abigail Bennett, Zachary Stern, Astra Legacy LLC (Astra Legacy), A&Z 2015 Business Holdings LP (A&Z 2015 Holdings), RSS 2015 Business Holdings LP (RSS 2015 Holdings), RES Master LLC, RSS Master LLC, RCT 2020 Investments LLC, WildStar Partners LLC (WildStar Partners) and a stockholders group pursuant to Section 13(d)(3) of the Securities Exchange Act of 1934. The stockholders group (the Group) is comprised of Richard Sands, Robert Sands, Astra Legacy and WildStar Partners.
This Amendment amends the amended and restated Schedule 13D filed in October, 2001 by Richard Sands, Robert Sands, Marilyn Sands, CWCP-I, a trust for the benefit of Andrew Stern M.D. under the Will of Laurie Sands (the Marital Trust), a trust created under Irrevocable Trust Agreement dated November 18, 1987 (the Grandchildrens Trust), and a stockholder group (the Amended Schedule 13D), as the Schedule 13D was amended by (i) the Schedule 13D Amendment No. 2 filed on August 3, 2006 by Richard Sands, Robert Sands, the Grandchildrens Trust, Laurie Sands Childrens Trust, Richard Sands Childrens Trust, Robert Sands Childrens Trust and Richard Sands Heirs Trust (the Second Amendment), (ii) the Schedule 13D Amendment No. 3 filed on February 17, 2009 by Richard Sands, Robert Sands, CWCP-I, the Marital Trust, Abigail Bennett, RES Business Holdings LP (RES Holdings), RES Business Management LLC (RES Management), RSS Business Holdings LP (RSS Holdings, together with A&Z 2015 Holdings, RCT 2015 Holdings, RHT 2015 Holdings, RSS 2015 Holdings and RES Holdings, the Limited Partnerships), RSS Business Management LLC (RSS Management), and a stockholder group (the Third Amendment), (iii) the Schedule 13D Amendment No. 4 filed on April 30, 2009 by Richard Sands, Robert Sands, Abigail Bennett, Zachary Stern, CWCP-I, the Marital Trust and a stockholder group (the Fourth Amendment), (iv) the Schedule 13D Amendment No. 5 filed on July 8, 2011 by Richard Sands, Robert Sands, Abigail Bennett, Zachary Stern, CWCP-I, CWCP-II and a stockholder group, (v) the Schedule 13D Amendment No. 6 filed on June 12, 2017 by Richard Sands, Robert Sands, Abigail Bennett, Zachary Stern, A&Z 2015 Holdings, A&Z 2015 Business Management LLC (A&Z 2015 Management), RCT 2015 Business Holdings LP (RCT 2015 Holdings), RCT 2015 Business Management LLC (RCT 2015 Management), RHT 2015 Business Holdings LP (RHT 2015 Holdings), RHT 2015 Business Management LLC (RHT 2015 Management), RSS 2015 Holdings, RSS 2015 Business Management LLC (RSS 2015 Management), WildStar Partners, RRA&Z Holdings LLC (RRA&Z Holdings) and a stockholder group (the Sixth Amendment), and (vi) the Schedule 13D Amendment No. 7 filed on January 19, 2018 by Richard Sands, Robert Sands, Abigail Bennett, Zachary Stern, Astra Legacy and a stockholder group (the Seventh Amendment, together with the Amended Schedule 13D, the Second Amendment, Third Amendment, the Fourth Amendment, the Fifth Amendment and the Sixth Amendment, the Schedule 13D). RCT 2015 Holdings, RCT 2015 Management, RHT 2015 Holdings, RHT 2015 Management, RSS 2015 Management, RES Holdings, RES Management, RSS Holdings, RSS Management and RRA&Z Holdings are not filing as part of this Amendment because no changes have occurred with respect to their beneficial ownership of shares.
Item 1. Security and Issuer.
Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows:
The classes of equity securities to which this Amendment No. 8 to Schedule 13D (this Amendment) relates are the Class A Common Stock, par value $0.01 per share (the Class A Stock), and the Class B Common Stock, par value $0.01 per share (the Class B Stock, and together with the Class A Stock, the Common Stock), of Constellation Brands, Inc., a Delaware corporation with its principal offices at 207 High Point Drive, Building 100, Victor, New York 14564 (the Company).
Item 2. Identity and Background.
Item 2 of the Schedule 13D is hereby revised and supplemented with the following:
(a) (c)
20. | RES Master LLC, a Delaware limited liability company |
21. | RSS Master LLC, a Delaware limited liability company |
22. | RCT 2020 Investments LLC, a Delaware limited liability company |
14
Page 15 of 24 |
The principal occupation of (i) Richard Sands is to serve as Vice Chairman of the Board of the Company; and (ii) Robert Sands is to serve as Chairman of the Board of the Company.
The principal business of each of RES Master LLC, RSS Master LLC and RCT 2020 Investments LLC is investment.
(d)-(e) None of the Reporting Persons or the Group members has, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he, she or it is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 4. Purpose of Transaction
Proposed Declassification Transaction
From time to time over the last several years, certain of the reporting persons have discussed with members of management and/or directors of the Company the possibility that at some point it may be desirable to seek to make changes to the existing high vote/low vote structure of the Companys common stock. These conversations have recognized that potential changes could include issuing additional high or low vote (or non-voting) stock and/or declassifying the common stock to eliminate the high vote component of the class B shares. The proposal set forth below is intended to enhance the attractiveness of the common stock to investors and to enhance the strategic flexibility of the Company for the long term, and was not made in connection with or with the intention of facilitating any specific corporate transaction.
On April 2, 2022, Robert Sands delivered the following letter to the Company:
STRICTLY CONFIDENTIAL
April 2, 2022
Board of Directors
Constellation Brands, Inc.
207 High Point Drive #100
Victor, New York
Re: Declassification Transaction Proposal
Ladies and Gentlemen:
I am writing on behalf of myself, Richard Sands and other members of our extended family and related entities (the Family) that collectively hold over 98% of the shares of Class B common stock of Constellation Brands, Inc. (the Company) to propose a declassification of the Companys common stock on the terms described in this letter.
Specifically, we are proposing a transaction pursuant to which each share of Class B common stock would be converted into 1.35 shares of Class A common stock. The proposed transaction on such terms would reduce the aggregate voting power of the Family from approximately 59.5% to 19.7% of the Company. On these terms, our Family would be willing to relinquish the majority voting control which it has exercised since the inception of the Company. We believe the premium included in our proposal is supported by precedent transactions and appropriate given the significant benefits that would accrue to the Company and our stockholders. For example, a simplified structure would be better aligned with the one vote per share governance that is widely supported by corporate governance experts, and will increase market demand from investors who prefer single-class structures.
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We would require that the proposed transaction be subject to specified terms and conditions to be set forth in definitive documentation, including that the completion of any such transaction be expressly conditioned on the procedures described in Kahn v. M&F Worldwide Corp. and its progeny. Accordingly, any consideration payable to the holders of Class B common stock in the potential transaction would (among other things) have to be approved (1) by a fully empowered special committee of independent directors of the Board of Directors of the Company and (2) by the holders of a majority of the Class A common stock that do not also hold shares of Class B common stock.& #xA0;The Family, in their capacity as holders of Class B common stock, will not pursue any transaction not expressly conditioned on these procedures. Our proposal also contemplates that the Company would fully indemnify and reimburse the Family with respect to its participation in the transaction, including its out-of-pocket expenses.
We are very proud of the leadership that our Family has provided to the Company over the past 70 years; just as we are pleased with the success that the Company has experienced over the past three years under the leadership of its first non-Family CEO. We believe that a declassification will help the Company continue in its growth, and that our stockholders would overwhelmingly support the proposed transaction. However, as we have stated in the past, we also would be pleased to maintain our ability to control the Company through our holdings of Class A and Class B common stock if the Board or shareholders prefer the status quo.
Please note that this letter is non-binding and any possible transaction contemplated by this letter would be subject to, among other things, negotiation of mutually acceptable definitive documentation with terms appropriate for a transaction of this type. We look forward to hearing from you, and remain committed to working with the Board for the benefit of the Company and its stockholders.
Sincerely, |
/s/ Robert Sands |
Robert Sands |
The reporting persons intend to review their investment in the Company on a continuing basis and may from time to time take such actions with respect to the investment in the Company as they deem appropriate. These actions may include: (i) acquiring additional shares of Company Class A and/or Class B common stock and/or other equity, debt, notes, other securities or derivative or other instruments that are based upon or relate to the value of securities of the Company (collectively, Securities) in the open market or otherwise; (ii) disposing of Securities in the open market or otherwise; or (iii) proposing or considering one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.
Further, the reporting persons may seek to influence such actions through customary means, including presenting their views for consideration to the Company and its Board, shareholders and other interested parties. The reporting persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto, and directly or through their representatives expect to discuss the proposed reclassification transaction with representatives of the Company and/or its board of directors or a committee thereof. The reporting persons do not intend to update disclosures in this Schedule 13D regarding the proposed reclassification transaction until a definitive agreement has been reached, or unless disclosure is otherwise required under applicable U.S. securities laws.
Intervening Transactions:
Between the date of the Seventh Amendment and the date hereof, the transactions described below occurred and affected the beneficial ownership of certain of the Reporting Persons:
| Family foundations controlled by Richard Sands and Robert Sands sold an aggregate of 194,700 shares of Class A Stock |
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| A family limited partnership controlled by Richard Sands (SER Holdings), a family limited partnership controlled by Robert Sands (SSR Holdings) and A&Z 2015 Holdings each exchanged, on a one-for-one basis, 61,144 shares of Class A Stock for 61,144 shares of Class B Stock with a family limited partnership controlled by Richard Sands, Robert Sands, Abigail Bennett and Zachary Stern (MAS Holdings) |
| SER Holdings distributed an aggregate of 266,250 shares of Class A Stock to its limited partner, which distributed such shares to Richard Sands |
| RSS 2015 Holdings exchanged, on a one-for-one basis, 250,000 shares of Class B Stock for 250,000 shares of Class A Stock with SSR Holdings |
| Robert Sands received an aggregate of 31,073 shares of Class A Stock upon the vesting of performance share units |
| Robert Sands received an aggregate of 25,696 shares of Class A Stock upon the vesting of restricted stock units |
| Robert Sands sold an aggregate of 25,544 shares of Class A Stock as payment for withholding taxes for the vesting of performance share units and restricted stock units |
| Richard Sands received an aggregate of 1,693,500 shares of Class A Stock upon the conversion of shares of Class 1 Stock on a one-to-one basis, and immediately sold such shares of Class A Stock |
| Robert Sands received an aggregate of 709,168 shares of Class A Stock upon the conversion of shares of Class 1 Stock on a one-to-one basis, and immediately sold such shares of Class A Stock |
| Richard Sands gifted an aggregate of 194,975 shares of Class A Stock to a family foundation controlled by Richard Sands and Robert Sands |
| Robert Sands gifted 59,621 shares of Class A Stock to a family foundation controlled by Richard Sands and Robert Sands |
| A family foundation controlled by Richard Sands and Robert Sands received gifts of an aggregate of 1,615 shares of Class A Stock |
| An aggregate of 43 shares were purchased by certain trusts for which Richard Sands serves as co-trustee |
| Richard Sands and Robert Sands were granted a power of attorney over 16,792 shares of Class A Stock held by a non-reporting person; 200 shares of Class A Stock were subsequently sold on behalf of the non-reporting person |
| RCT 2015 Holdings contributed 675,000 shares of Class B Stock to its wholly-owned subsidiary RCT 2020 Investments LLC |
| Richard Sands and Robert Sands each transferred their directly held shares of Class A Stock, Class B Stock, and stock options, as well as their membership interests in RRA&Z Holdings to RES Master LLC and RSS Master LLC, respectively. The sole member of RES Master LLC is the Richard Sands Master Trust, of which Richard Sands serves as trustee and is the sole beneficiary. The sole member of RSS Master LLC is the Robert Sands Master Trust, of which Robert Sands serves as trustee and is the sole beneficiary. |
Item 5. Interest in Securities of the Issuer
Paragraphs (a) (c) of Item 5 of the Schedule 13D are hereby revised and supplemented with the following:
The tables below set forth the shares of Class A Stock and Class B Stock beneficially owned by each Reporting Person and the Group. The percentages of ownership were calculated on the basis of 164,339,182 shares of Class A Stock and 23,208,540 shares of Class B Stock outstanding as of December 31, 2021. Shares of Class B Stock are convertible into shares of Class A Stock on a one-to-one basis at any time and at the option of the holder.
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Class A Stock
Name and Address of Beneficial Owner |
Amount and Nature of Beneficial Ownership | |||||||||||||||||||||||||||||||
Sole Power to Vote |
Shared Power to Vote |
Sole Power to Dispose |
Shared Power to Dispose |
Total Shares (1) | Percent of Class (1) | |||||||||||||||||||||||||||
Class A Only |
If Class B Converted |
Class A Only |
If Class B Converted |
|||||||||||||||||||||||||||||
Robert Sands |
557,901 | (2) | 891,035 | (3) | 557,901 | (2) | 6,374,877 | (3) | 6,932,778 | 29,679,564 | 4.2 | % | 15.9 | % | ||||||||||||||||||
Richard Sands |
149,876 | (4) | 891,078 | (5) | 149,876 | (4) | 6,374,920 | (5) | 6,524,796 | 29,308,932 | 4.0 | % | 15.7 | % | ||||||||||||||||||
Abigail Bennett |
58,030 | (6) | | 58,030 | (6) | 1,190,908 | (7) | 1,248,938 | 9,343,489 | 0.8 | % | 5.4 | % | |||||||||||||||||||
Zachary Stern |
33,415 | | 33,415 | 1,190,908 | (7) | 1,224,323 | 9,298,179 | 0.7 | % | 5.4 | % | |||||||||||||||||||||
Astra Legacy LLC (8) |
| 5,484,000 | | | 5,484,000 | 28,230,942 | 3.3 | % | 15.1 | % | ||||||||||||||||||||||
Stockholders Group Pursuant to Section13(d)(3) of the Securities Exchange Act of 1934 (9) |
| 7,082,855 | | 7,082,855 | 7,082,855 | 29,867,147 | 4.3 | % | 16.0 | % |
Class B Stock
Name and Address of Beneficial Owner |
Amount and Nature of Beneficial Ownership | Percent of Class |
||||||||||||||||||||||
Sole Power to Vote |
Shared Power to Vote |
Sole Power to Dispose |
Shared Power to Dispose |
Total | ||||||||||||||||||||
Robert Sands |
| | | 22,746,786 | (3) | 22,746,786 | 98.0 | % | ||||||||||||||||
Richard Sands |
37,350 | (4) | | 37,350 | (4) | 22,746,786 | (5) | 22,784,136 | 98.2 | % | ||||||||||||||
Abigail Bennett |
20,695 | (6) | | 20,695 | (6) | 8,073,856 | (7) | 8,094,551 | 34.9 | % | ||||||||||||||
Zachary Stern |
| | | 8,073,856 | (7) | 8,073,856 | 34.8 | % | ||||||||||||||||
Astra Legacy LLC (8) |
| 22,746,942 | | | 22,746,942 | 98.0 | % | |||||||||||||||||
Stockholders Group Pursuant to Section13(d)(3) of the Securities Exchange Act of 1934 (9) |
| 22,784,292 | | 22,784,292 | 22,784,292 | 98.2 | % |
(1) | The numbers and percentages reported do not take into account shares of Class A Stock that can be received upon the conversion of Class 1 Stock owned as of December 31, 2021 or that can be purchased by exercising stock options that are exercisable on or within sixty (60) days after December 31, 2021 (together, the Class 1 Shares). These shares are not taken into account because, in accordance with the Companys certificate of incorporation, any shares of Class A Stock issued upon conversion of shares of Class 1 Stock must be sold immediately in connection with the conversion and, therefore, cannot be held by the beneficial owner of the Class 1 Shares. However, the numbers of shares and percentages of ownership taking into account the shares of Class A Stock that can be received upon the conversion of Class 1 Shares are provided in footnotes where appropriate. |
(2) | The reported shares of Class A Stock with respect to which Robert Sands has sole power to vote or dispose (i) include 549,301 shares of Class A Stock held by RSS Master LLC, a limited liability company that is owned by a trust for which Mr. Sands serves as trustee and sole beneficiary, and (ii) as noted in footnote (1), exclude 1,244,467 shares of Class A Stock that can be received upon conversion of Class 1 Shares held by RSS Master LLC. If the shares of Class A Stock that can be received upon the conversion of the Class 1 Shares were included in the shares of Class A Stock beneficially owned by Mr. Sands, Mr. Sands would beneficially own a total of (i) 8,160,653 shares of Class A Stock, representing 5.0% of the outstanding Class A Stock, if the shares of Class B Stock beneficially owned by Mr. Sands were not converted, and (ii) 30,907,439 shares of Class A Stock, representing 16.4% of the outstanding Class A Stock, if the shares of Class B Stock beneficially owned by Mr. Sands were converted. |
(3) | The reported shares of Class A Stock over which Robert Sands has the shared power to vote or dispose include (i) 874,443 shares of Class A Stock held by two family foundations where Robert Sands serves as a director and officer, and (ii) 16,592 shares of Class A Common Stock held directly by a nonreporting person for which Mr. Sands was granted a power of attorney. Mr. Sands disclaims beneficial ownership of such shares. The reported shares of Class A Stock and Class B Stock over which Robert Sands has the shared power to dispose also include 5,483,842 shares of Class A Stock and 22,746,786 shares of Class B Stock held by several family limited partnerships of which Mr. Sands indirectly controls a co-general partner. The reporting of these shares as beneficially owned by Mr. Sands shall not be construed as an admission that Mr. Sands is the beneficial owner of such shares for purposes of Sections 13(d) or 13(g) of the Exchange Act or otherwise. The reported shares are also included in the shares reported as beneficially owned by Richard Sands and the stockholders group described in footnote (9). Amounts reflected in the tables above do not include 21,098 shares of Class A Stock owned directly, or indirectly, by Robert Sands spouse. Mr. Sands disclaims beneficial ownership of such shares. |
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(4) | The reported shares of Class A Stock with respect to which Richard Sands has sole power to vote or dispose (i) include 149,876 shares of Class A Stock held by RES Master LLC, a limited liability company that is wholly-owned by a trust, for which Mr. Sands serves as trustee and sole beneficiary, and (ii) as noted in footnote (1), exclude 952,282 shares of Class A Stock that can be received upon conversion of Class 1 Shares, and the reported shares of Class B Stock with respect to which Richard Sands has sole power to vote or dispose include 37,350 shares of Class B Stock held by RES Master LLC. If the shares of Class A Stock that can be received upon the conversion of Mr. Sands Class 1 Shares were included in the shares of Class A Stock beneficially owned by Mr. Sands, Mr. Sands would beneficially own a total of (i) 7,460,443 shares of Class A Stock, representing 4.5% of the outstanding Class A Stock, if the shares of Class B Stock beneficially owned by Mr. Sands were not converted, and (ii) 30,207,229 shares of Class A Stock, representing 16.1% of the outstanding Class A Stock, if the shares of Class B Stock beneficially owned by Mr. Sands were converted. |
(5) | The reported shares of Class A Stock over which Richard Sands has the shared power to vote or dispose include (i) 874,443 shares of Class A Stock held by two family foundations where Mr. Sands serves as a director and officer, (ii) 43 shares of Class A Stock held by certain trusts for which Mr. Sands serves as co-trustee, of which neither he nor any of his immediate family members are beneficiaries, and (iii) 16,592 shares of Class A Stock held directly by a non-reporting person for which Mr. Sands was granted a power of attorney. Mr. Sands disclaims beneficial ownership of such shares. The reported shares of Class A Stock and Class B Stock over which Richard Sands has the shared power to dispose also include 5,483,842 shares of Class A Stock and 22,746,786 shares of Class B Stock held by several family limited partnerships of which Mr. Sands indirectly controls a co-general partner. The reporting of these shares as beneficially owned by Mr. Sands shall not be construed as an admission that Mr. Sands is the beneficial owner of such shares for purposes of Sections 13(d) or 13(g) of the Exchange Act or otherwise. The reported shares are also included in the shares reported as beneficially owned by Robert Sands and the stockholders group described in footnote (9). Amounts reflected in the tables above do not include 15,720 shares of Class A Stock owned by Richard Sands spouse. Mr. Sands disclaims beneficial ownership of such shares. |
(6) | The reported shares of Class A Stock and Class B Stock over which Abigail Bennett has the sole power to vote and dispose include 20,615 shares of Class A Stock and 20,695 shares of Class B Stock held by family owned limited liability companies of which Ms. Bennett is the manager. The reporting of such shares as beneficially owned by Ms. Bennett shall not be construed as an admission that she is the beneficial owner of such shares for purposes of Sections 13(d) or 13(g) of the Exchange Act or otherwise. |
(7) | The reported shares of Class A Stock and Class B Stock over which Ms. Bennett and Mr. Stern have shared power to dispose include 1,190,908 shares of Class A Stock and 8,073,856 shares of Class B Stock held by A&Z 2015 Holdings. The reporting of such shares as beneficially owned by Ms. Bennett and Mr. Stern shall not be construed as an admission that either of them is the beneficial owner of such shares for purposes of Sections 13(d) or 13(g) of the Exchange Act or otherwise. The reported shares are also included in the shares reported as beneficially owned by Robert Sands, Richard Sands, Astra Legacy LLC and the stockholders group described in footnote (9). |
(8) | Astra Legacy LLC serves as voting manager to various Sands family entities. Certain of the reported shares are also included in the number of shares beneficially owned by each such entity, Robert Sands, Richard Sands, Abigail Bennett, Zachary Stern, and the stockholders group described in footnote (9). |
(9) | The stockholders group, as reported, consists of Robert Sands, Richard Sands, Astra Legacy and WildStar Partners. The reporting of shares as beneficially owned by the stockholders group shall not be construed as an admission that an agreement to act in concert exists or that the stockholders group is the beneficial owner of such shares for purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934 or otherwise. The shares reported as beneficially owned by Robert Sands, Richard Sands, Astra Legacy and WildStar Partners are included in the shares reported as beneficially owned by the stockholders group. If the shares of Class A Stock that can be received upon the conversion of Robert Sands and Richard Sands Class 1 Shares were included in the shares of Class A Stock beneficially owned by the stockholders group, the stockholders group would beneficially own a total of (i) 9,262,811 shares of Class A Stock, representing 5.6% of the outstanding Class A Stock, if the shares of Class B Stock beneficially owned by the stockholders group were not converted, and (ii) 32,046,947 shares of Class A Stock, representing 16.9% of the outstanding Class A Stock, if the shares of Class B Stock beneficially owned by the stockholders group were converted. Certain shares of Class A Stock and Class B Stock were pledged as set forth in Item 6 below. All of these pledged shares are included in the shares reported as beneficially owned by the stockholders group. Subject to the terms of the various credit facilities, the number of shares of Class A Stock and Class B Stock pledged to secure the credit facilities may increase or decrease from time to time and may be moved by the applicable pledgors among the various financial institutions from time to time. In the event of noncompliance with certain covenants under the credit facilities, the financial institutions have certain remedies including the right to sell the pledged shares subject to certain protections afforded to the borrowers and pledgors. However, pursuant to the terms of the various credit facilities, the financial institutions would be required to convert the Class B Stock to Class A Stock prior to any sales. |
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None of the Reporting Persons has engaged in any transaction involving any Class A Stock or Class B Stock during the past sixty (60) days of the date hereof.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 of the Schedule 13D is hereby amended and supplemented as follows:
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class A and Class B Stock to Goldman Sachs Bank USA for loans made to a Sands family investment vehicle (each, a Borrower) under one or more credit facilities:
Pledgor |
Number of Shares of Class A Stock | |||
Affiliate of Richard Sands and Robert Sands |
322,666 | |||
MAS Holdings |
183,432 | |||
RES Master LLC |
55,000 | |||
|
|
|||
Total Pledged Shares |
561,098 | |||
|
|
Pledgor |
Number of Shares of Class B Stock | |||
RES Holdings |
950,000 | |||
|
|
|||
Total Pledged Shares |
950,000 | |||
|
|
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class A and Class B Stock to Merrill Lynch for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class A Stock | |||
A&Z 2015 Holdings |
400,000 | |||
SER Holdings |
1,350,000 | |||
|
|
|||
Total Pledged Shares |
1,750,000 | |||
|
|
Pledgor |
Number of Shares of Class B Stock | |||
A&Z 2015 Holdings |
1,600,000 | |||
RES Holdings |
3,650,000 | |||
|
|
|||
Total Pledged Shares |
5,250,000 | |||
|
|
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class A Stock and Class B Stock to Manufacturers and Traders Trust Company for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class A Stock | |||
RSS Master LLC |
5,000 | |||
|
|
|||
Total Pledged Shares |
5,000 | |||
|
|
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Pledgor |
Number of Shares of Class B Stock | |||
RSS Holdings |
875,000 | |||
|
|
|||
Total Pledged Shares |
875,000 | |||
|
|
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class A Stock and Class B Stock to Stifel Financial Corp. for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class A Stock | |||
SER Holdings |
100,000 | |||
|
|
|||
Total Pledged Shares |
100,000 | |||
|
|
Pledgor |
Number of Shares of Class B Stock | |||
A&Z 2015 Holdings |
218,964 | |||
SER Holdings |
681,036 | |||
|
|
|||
Total Pledged Shares |
900,000 | |||
|
|
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class A and Class B Stock to U.S. Bank for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class A Stock | |||
SSR Holdings |
215,000 | |||
|
|
|||
Total Pledged Shares |
215,000 | |||
|
|
Pledgor |
Number of Shares of Class B Stock | |||
RSS Holdings |
610,000 | |||
|
|
|||
Total Pledged Shares |
610,000 | |||
|
|
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class B Stock to Citibank for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class B Stock | |||
RSS Holdings |
1,700,000 | |||
|
|
|||
Total Pledged Shares |
1,700,000 | |||
|
|
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The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class B Stock to JPMorgan Chase for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class B Stock | |||
RCT 2020 Investments LLC |
675,000 | |||
|
|
|||
Total Pledged Shares |
675,000 | |||
|
|
The following Reporting Persons (or persons whose shares are reported as beneficially owned by the Reporting Persons) have pledged the following shares of Class B Stock to KeyBank for loans made to the Borrower under a credit facility:
Pledgor |
Number of Shares of Class B Stock | |||
RHT 2015 Holdings |
1,350,000 | |||
|
|
|||
Total Pledged Shares |
1,350,000 | |||
|
|
Item 7. Material to Be Filed as Exhibits
Exhibit 99.1 | Joint Filing Agreement among the Reporting Persons filing this Amendment dated April 4, 2022. |
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Signature
After reasonable inquiry and to the best of the undersigneds knowledge and belief I certify that the information set forth in this statement is true, complete and correct.
Dated: April 4, 2022 |
By: |
|||||
/s/ Richard Sands | ||||||
Richard Sands | ||||||
/s/ Robert Sands | ||||||
Robert Sands | ||||||
/s/ Abigail Bennett | ||||||
Abigail Bennett | ||||||
/s/ Zachary Stern | ||||||
Zachary Stern | ||||||
Astra Legacy LLC | ||||||
By: | /s/ Abigail Bennett | |||||
Name: Abigail Bennett | ||||||
Title: Authorized Person | ||||||
A&Z 2015 Business Holdings LP | ||||||
By: WildStar Partners LLC, its co-General Partner | ||||||
By: | /s/ Thomas M. Farace | |||||
Name: Thomas M. Farace | ||||||
Title: Chief Executive Officer | ||||||
RSS 2015 Business Holdings LP | ||||||
By: WildStar Partners LLC, its co-General Partner | ||||||
By: |
/s/ Thomas M. Farace | |||||
Name: Thomas M. Farace | ||||||
Title: Chief Executive Officer |
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RES Master LLC | ||
By: | /s/ Thomas M. Farace | |
Name: Thomas M. Farace | ||
Title: Authorized Person |
RSS Master LLC | ||
By: | /s/ Thomas M. Farace | |
Name: Thomas M. Farace | ||
Title: Authorized Person |
RCT 2020 Investments LLC, | ||
By: RCT 2015 Business Holdings LP, its sole member | ||
By: | /s/ Thomas M. Farace | |
Name: Thomas M. Farace | ||
Title: Authorized Person |
WildStar Partners LLC | ||
By: | /s/ Thomas M. Farace | |
Name: Thomas M. Farace | ||
Title: Chief Executive Officer |
24