ABEV insider disclosure: Board unchanged; management sold 98,263 shares

Rhea-AI Filing Summary

Ambev S.A. disclosed consolidated related‑party transactions covering July 1–31, 2025 under Article 11 of CVM Instruction 358/2002. The Board of Directors and Fiscal Council reported no changes: the Board holds 12,107,569 common shares and 468,040 ADRs, and the Fiscal Council holds 2,500 common shares.

Management began the period with 4,314,194 common shares and 19,790 ADRs. On day 8 management sold 98,200 shares at R$13.38 (R$1,313,916.00) and 63 shares at R$13.39 (R$843.57), leaving a final management position of 4,215,931 common shares and 19,790 ADRs. Each ADR is reported as equivalent to one share.

Positive

• Filed consolidated disclosure for the period July 1–31, 2025 in compliance with Article 11 of CVM Instruction 358/2002.
• Board of Directors and Fiscal Council reported no transactions, with the Board holding 12,107,569 common shares and 468,040 ADRs, and the Fiscal Council holding 2,500 common shares.

Negative

• Management executed sell trades totaling 98,263 shares (98,200 + 63) at R$13.38 and R$13.39, totaling R$1,314,759.57.
• Management's reported shareholding declined from 4,314,194 to 4,215,931 common shares during the period.

Insights

Financial Analyst

TL;DR: Disclosed insider sales are explicit and limited to management; board and fiscal council holdings were unchanged.

The filing documents two small sales by management totaling 98,263 shares for R$1,314,759.57 executed through Itaú Corretora on the reported day. Management's reported final holding is 4,215,931 shares and 19,790 ADRs. The Board and Fiscal Council reported no activity, with the Board holding 12,107,569 shares and 468,040 ADRs. From a market‑reporting standpoint, the disclosure is complete and provides exact trade sizes and prices; the filing does not provide any additional context on intent or planned future transactions.

Corporate Governance Expert

TL;DR: The company complied with CVM reporting rules; transactions are transparent and confined to management-level sales.

The consolidated form meets the required disclosure format, listing initial and final positions and trade details including intermediary, prices, and volumes. Management executed two sell trades via Itaú Corretora reducing its shareholding by 98,263 shares. The Board and Fiscal Council reported no trades, which simplifies oversight reconciliation. The report contains no indications of insider purchases, option exercises, or derivative activity for the period.

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 August, 2025

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 July 1^st to 31^th, 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)

Final Balance

Securities / Derivatives

Securities Characteristics (2)

Quantity

Shares

Common

12,107,569

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

From July 1^st to 31^th, 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

4,314,194

ADR

Common

19,790

Transactions in the month

Securities / Derivatives

Securities Characteristics (2)

Intermediary

Operation

Day

Quantity

Price

Volume (R$) (3)

Shares

Common

Itaú Corretora

Sell

8

98,200

13.38

1,313,916.00

Shares

Common

Itaú Corretora

Sell

8

63

13.39

843,57

Final Balance

Securities / Derivatives

Securities Characteristics (2)

Quantity

Shares

Common

4,215,931

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

From July 1^st to 31^th, 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: August 7, 2025

	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 insider activity did Ambev (ABEV) report for July 2025?

Ambev reported two management sell trades on day 8 totaling 98,263 shares executed via Itaú Corretora at R$13.38 and R$13.39.

How much did management receive from the July 2025 sales reported by ABEV?

The two trades generated combined proceeds of R$1,314,759.57 (R$1,313,916.00 and R$843.57).

Did Ambev's Board or Fiscal Council trade in July 2025 according to the 6-K?

No. The Board reported holding 12,107,569 common shares and 468,040 ADRs with no transactions; the Fiscal Council reported 2,500 common shares with no transactions.

What were management's holdings before and after the reported July 2025 transactions for ABEV?

Management's holdings moved from 4,314,194 common shares to 4,215,931 common shares; ADR holdings remained at 19,790 ADRs.

Which broker handled the disclosed trades in Ambev (ABEV)?

The disclosed management sell trades were executed through Itaú Corretora.