FMR LLC reports 7.5% Brown‑Forman Class B stake via 13G

FMR LLC filed a Schedule 13G reporting beneficial ownership of Brown‑Forman Corp Class B Common Stock.

Rhea-AI Filing Summary

FMR LLC filed a Schedule 13G reporting beneficial ownership of Brown‑Forman Corp Class B Common Stock. FMR LLC reported 22,753,131.91 shares beneficially owned, representing 7.5% of the class, with sole voting power over 12,822,270.35 shares and sole dispositive power over 22,753,131.91 shares.

Abigail P. Johnson was also listed as a reporting person with sole dispositive power over 22,753,131.91 shares. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The date of the event triggering the filing was 09/30/2025. The filing notes that one or more other persons may have rights to dividends or sale proceeds, with no single person over five percent.

Insights

Equity ownership & governance analyst

Passive 7.5% stake disclosed; control intent disclaimed.

FMR LLC reported beneficial ownership of 22,753,131.91 Brown‑Forman Class B shares, equal to 7.5% of the class as of 09/30/2025. It holds sole voting power over 12,822,270.35 shares and sole dispositive power over 22,753,131.91 shares; shared powers are 0.00.

The Schedule 13G indicates a passive position, with a certification that the holdings are in the ordinary course and not to change or influence control. Abigail P. Johnson is a reporting person with sole dispositive power over the same 22,753,131.91 shares.

Item 6 notes other persons may have rights to dividends or proceeds, with no single person over five percent. Actual market impact depends on holder decisions; no sale plans are indicated in this disclosure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake did FMR LLC report in Brown‑Forman (BF) Class B?

FMR LLC reported beneficial ownership of 22,753,131.91 shares, representing 7.5% of the class.

What voting and dispositive powers did FMR LLC disclose for BF Class B?

FMR LLC reported sole voting power over 12,822,270.35 shares and sole dispositive power over 22,753,131.91 shares; shared powers are 0.00.

Who else is a reporting person on this 13G for BF?

Abigail P. Johnson is also a reporting person, with sole dispositive power over 22,753,131.91 shares.

Is the Brown‑Forman (BF) stake reported as passive or active?

The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to influence control.

What is the event date for this BF ownership report?

The date of the event requiring the filing is 09/30/2025.

Do others have rights to dividends or sale proceeds from the reported BF shares?

Yes. The filing notes one or more other persons may have such rights, with no single person over five percent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/05/2025 - 11:30 AM EST Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BROWN FORMAN CORP

(Name of Issuer)

CLASS B COMMON STOCK

(Title of Class of Securities)

115637209

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 115637209

1

Names of Reporting Persons

FMR LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 12,822,270.35
6	Shared Voting Power 0.00
7	Sole Dispositive Power 22,753,131.91
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,753,131.91

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 115637209

1

Names of Reporting Persons

Abigail P. Johnson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 22,753,131.91
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,753,131.91

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.5 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BROWN FORMAN CORP
(b)	Address of issuer's principal executive offices: 850 DIXIE HWY,LOUISVILLE,KY,USA,40210
Item 2.
(a)	Name of person filing: FMR LLC
(b)	Address or principal business office or, if none, residence: 245 Summer Street, Boston, Massachusetts 02210
(c)	Citizenship: Not applicable
(d)	Title of class of securities: CLASS B COMMON STOCK
(e)	CUSIP No.: 115637209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 22753131.91
(b)	Percent of class: 7.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 22753131.91
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS B COMMON STOCK of BROWN FORMAN CORP. No one other person's interest in the CLASS B COMMON STOCK of BROWN FORMAN CORP is more than five percent of the total outstanding CLASS B COMMON STOCK.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FMR LLC

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:	11/04/2025

Abigail P. Johnson

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson**
Date:	11/04/2025

Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.