Ambev (ABEV) details December 2025 insider share movements

Rhea-AI Filing Summary

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.

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 1^st to 31^st, 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 1^st to 31^st, 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 1^st to 31^st, 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.