Ambev (ABEV) details December 2025 insider share movements
Ambev S.A. reports share and ADR movements by its board, management and fiscal council for the period from December 1 to 31, 2025, under Brazilian disclosure rules.
For the board of directors group, common share holdings rose from 12,107,569 shares to 30,400,903 shares, with 468,040 ADRs unchanged. Activity included deliveries of restricted shares directly from the company and an 18,000,000-share ownership transfer. Each ADR represents one common share.
For management, common share holdings increased from 3,783,056 to 5,927,946 shares, with 19,790 ADRs unchanged. Transactions combined deliveries of restricted shares from the company and sales of common shares through brokers BTG, Itaú and XP at prices mostly in the R$13–R$14 range. The fiscal council reported no trades, maintaining a balance of 2,500 common shares.
Positive
- None.
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- None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of January, 2026
Commission File Number 1565025
AMBEV S.A.
(Exact name of registrant as specified in its charter)
AMBEV S.A.
(Translation of Registrant's name into English)
Rua Dr. Renato Paes de Barros, 1017 - 3rd
Floor
04530-000 São Paulo, SP
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
CONSOLIDATED FORM
Management and Related Persons’ Transactions of Securities Issued by the Company
Article 11 - CVM Instruction # 358/2002
From December 1st to 31st, 2025 the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002(1):
| Company Name: Ambev S.A. | ||||||||||||
| Group and Related Persons |
( X ) Board of Directors |
( ) Management |
( ) Fiscal Council |
( ) Technical and Consulting Committees |
||||||||
| Initial Balance | ||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Quantity | ||||||||||
| Shares | Common | 12,107,569 | ||||||||||
| ADR | Common | 468,040 | ||||||||||
| Transactions in the month | ||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Intermediary | Operation | Day | Quantity | Price | Volume (R$) (3) | |||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 1 | 253,104 | 13.86 | 3,508,021.44 | |||||
| Shares | Common | N/A | Ownership Transfer | 16 | 18,000,000 | 1.77 | 31,941,900.00 | |||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 1 | 20,115 | 13.86 | 278,793.90 | |||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 1 | 20,115 | 13.86 | 278,793.90 | |||||
| Final Balance | ||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Quantity | ||||||||||
| Shares | Common | 30,400,903 | ||||||||||
| ADR | Common | 468,040 | ||||||||||
| (1) | When filling in the form, delete the lines that do not have any information. If there is no acquisition/change in the position of any person in relation to Article 11 - CVM Instruction # 358/2002, send a statement with that information. |
| (2) | Issue/Series, convertibility, simple, term, guaranties, type/class, among others. |
| (3) | Quantity multiplied by price. |
Note: These consolidated data must have information by group: Directors, Management (which have not been included in the Board of Directors), etc.
Each ADR is equivalent to 1 (one) share.
CONSOLIDATED FORM
Management and Related Persons’ Transactions of Securities Issued by the Company
Article 11 - CVM Instruction # 358/2002
December 1st to 31st, 2025 the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002(1):
| Company Name: Ambev S.A. | |||||||||||||
| Group and Related Persons |
( ) Board of Directors |
( X ) Management |
( ) Fiscal Council |
( ) Technical and Consulting Committees |
|||||||||
| Initial Balance | |||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Quantity | |||||||||||
| Shares | Common | 3,783,056 | |||||||||||
| ADR | Common | 19,790 | |||||||||||
| Transactions in the month | |||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Intermediary | Operation | Day | Quantity | Price | Volume (R$) (3) | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 261,050 | 13.86 | 3,618,153.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 200 | 13.84 | 2,768.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 100 | 13.86 | 1,386.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 15,000 | 13.90 | 208,500.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 200 | 13.91 | 2,782.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 600 | 13.92 | 8,352.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 900 | 13.93 | 12,537.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 400 | 13.94 | 5,576.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 800 | 13.95 | 11,160.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 400 | 13.96 | 5,584.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 200 | 13.97 | 2,794.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 12 | 200 | 13.98 | 2,796.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 15 | 50 | 14.08 | 704.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 15 | 71,000 | 14.09 | 1,000,390.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 22 | 84,700 | 13.04 | 1,104,488.00 | ||||||
| Shares | Common | Corretora BTG | Sell | 22 | 86,300 | 13.05 | 1,126,215.00 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 301,221 | 13.86 | 4,174,923.06 | ||||||
| Shares | Common | Corretora Itaú | Sell | 11 | 71,320 | 13.77 | 982,076.40 | ||||||
| Shares | Common | Corretora Itaú | Sell | 11 | 163,500 | 13.78 | 2,253,030.00 | ||||||
| Shares | Common | Corretora Itaú | Sell | 11 | 66,400 | 13.79 | 915,656.00 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 170,529 | 13.86 | 2,363,531.94 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 14 | 153,288 | 14.02 | 2,149,097.76 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 146,920 | 13.86 | 2,036,311.20 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 14 | 613,155 | 14.02 | 8,596,433.10 | ||||||
| Shares | Common | Corretora XP | Sell | 15 | 146,500 | 14.15 | 2,072,975.00 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 141,004 | 13.86 | 1,954,315.44 | ||||||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 141,982 | 13.86 | 1,967,870.52 | |||
| Shares | Common | Direct with Company | Delivery of restricted shares | 14 | 613,155 | 14.02 | 8,596,433.10 | |||
| Shares | Common | Corretora XP | Sell | 16 | 10,100 | 14.15 | 142,915.00 | |||
| Shares | Common | Corretora XP | Sell | 16 | 900 | 14.16 | 12,744.00 | |||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 97,347 | 13.86 | 1,349,229.42 | |||
| Shares | Common | Corretora Itaú | Sell | 11 | 20,240 | 13.78 | 278,907.20 | |||
| Shares | Common | Corretora Itaú | Sell | 11 | 77,100 | 13.79 | 1,063,209.00 | |||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 241,413 | 13.86 | 3,345,984.18 | |||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 100,122 | 13.86 | 1,386,166.32 | |||
| Shares | Common | Corretora BTG | Sell | 10 | 100,000 | 13.49 | 1,349,000.00 | |||
| Shares | Common | Direct with Company | Delivery of restricted shares | 01 | 105,924 | 13.86 | 1,468,106.64 | |||
| Shares | Common | Corretora Itaú | Sell | 18 | 25,000 | 13.96 | 349,000.00 | |||
| Final Balance | ||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Quantity | ||||||||
| Shares | Common | 5,927,946 | ||||||||
| ADR | Common | 19,790 | ||||||||
| (1) | When filling in the form, delete the lines that do not have any information. If there is no acquisition/change in the position of any person in relation to Article 11 - CVM Instruction # 358/2002, send a statement with that information. |
| (2) | Issue/Series, convertibility, simple, term, guaranties, type/class, among others. |
| (3) | Quantity multiplied by price. |
Note: These consolidated data must have information by group: Directors, Management (which have not been included in the Board of Directors), etc.
Each ADR is equivalent to 1 (one) share.
CONSOLIDATED FORM
Management and Related Persons’ Transactions of Securities Issued by the Company
Article 11 - CVM Instruction # 358/2002
December 1st to 31st, 2025 the only transactions with securities and derivatives were those presented below, in compliance with Article 11 - CVM Instruction # 358/2002(1):
| Company Name: Ambev S.A. | |||||||||||||
| Group and Related Persons |
( ) Board of Directors |
( ) Management |
( X ) Fiscal Council |
( ) Technical and Consulting Committees |
|||||||||
| Initial Balance | |||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Quantity | |||||||||||
| Shares | Common | 2,500 | |||||||||||
| Transactions in the month | |||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Intermediary | Operation | Day | Quantity | Price | Volume (R$) (3) | ||||||
| Final Balance | |||||||||||||
| Securities / Derivatives | Securities Characteristics (2) | Quantity | |||||||||||
| Shares | Common | 2,500 | |||||||||||
| (1) | When filling in the form, delete the lines that do not have any information. If there is no acquisition/change in the position of any person in relation to Article 11 - CVM Instruction # 358/2002, send a statement with that information. |
| (2) | Issue/Series, convertibility, simple, term, guaranties, type/class, among others. |
| (3) | Quantity multiplied by price. |
Note: These consolidated data must have information by group: Directors, Management (which have not been included in the Board of Directors), etc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 9, 2026
| AMBEV S.A. | ||
| By: | /s/ Guilherme Fleury de Figueiredo Ferraz Parolari | |
|
Guilherme Fleury de Figueiredo Ferraz Parolari Chief Financial and Investor Relations Officer | ||
FAQ
What does Ambev (ABEV) disclose in this Form 6-K for December 2025?
The document details share and ADR transactions by Ambev’s board, management and fiscal council from December 1 to 31, 2025, as required by Brazilian securities regulation Article 11 of CVM Instruction 358/2002.
How did Ambev (ABEV) board-related share holdings change in December 2025?
For the board of directors group, common share holdings increased from 12,107,569 to 30,400,903 shares, while 468,040 ADRs remained unchanged. The change reflects deliveries of restricted shares and an 18,000,000-share ownership transfer.
What were the main management share transactions at Ambev (ABEV) in December 2025?
Management-related transactions included deliveries of restricted shares directly from Ambev and market sales of common shares through brokers BTG, Itaú and XP. Reported sale prices were mostly between R$13 and R$14 per share.
How did management’s share balance at Ambev (ABEV) change over the month?
Management’s consolidated common share balance rose from 3,783,056 to 5,927,946 shares between the start and end of December 2025, while ADR holdings stayed at 19,790.
Were there any changes in Ambev (ABEV) fiscal council shareholdings in December 2025?
No. The fiscal council group reported no transactions during the period and maintained a final balance of 2,500 common shares.
What is the relationship between Ambev (ABEV) ADRs and common shares?
The report states that each Ambev ADR is equivalent to 1 common share, meaning ADR and share quantities are on a one-for-one basis.
Why is Ambev (ABEV) providing this detail on insider transactions?
Ambev is complying with Article 11 of CVM Instruction 358/2002, which requires disclosure of management and related persons’ transactions in the company’s securities for the specified period.