What does each restricted share reported by the Ambev (ABEV) director represent?

Each restricted share represents a contingent right to receive one Ambev common share, minus withholding taxes. This means the director ultimately receives common shares upon vesting, with a portion potentially withheld to satisfy tax obligations.

Ambev director reports restricted share holdings

AMBEV S.A. director Fabio Colletti Barbosa has filed an initial ownership report showing multiple grants of restricted shares.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

AMBEV S.A. director Fabio Colletti Barbosa has filed an initial ownership report showing multiple grants of restricted shares. Each restricted share represents a contingent right to receive one common share, minus withholding taxes, with vesting dates on December 1, 2026, December 1, 2027, December 1, 2028, December 2, 2029 and December 1, 2030. The filing lists these holdings as directly owned and does not show any buys or sells.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Colletti Barbosa Fabio

Role Director

Type	Security	Shares	Price	Value
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--
holding	Restricted Shares	--	--	--

Holdings After Transaction: Restricted Shares — 166,436 contracts (Direct)

Footnotes (6)

F1. These restricted shares vest on December 1, 2026.
F2. Each restricted share represents a contingent right to receive one common share minus withholding taxes.
F3. These restricted shares vest on December 1, 2027.
F4. These restricted shares vest on December 1, 2028.
F5. These restricted shares vest on December 2, 2029.
F6. These restricted shares vest on December 1, 2030.

FAQ

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

What does Ambev (ABEV) director Fabio Colletti Barbosa report in this Form 3?

He reports initial holdings of multiple tranches of restricted shares in Ambev. These restricted shares give him contingent rights to receive common shares over several future vesting dates, establishing his starting equity position as a company director.

Are there any buy or sell transactions in Fabio Colletti Barbosa’s Ambev (ABEV) Form 3?

No, the Form 3 does not show any buy or sell transactions. It lists only existing restricted share holdings, reflecting his current equity-based compensation rather than new market purchases or sales of Ambev common shares.

When do the Ambev (ABEV) restricted shares reported by Fabio Colletti Barbosa vest?

The restricted shares vest in stages on December 1, 2026, December 1, 2027, December 1, 2028, December 2, 2029 and December 1, 2030. These staggered vesting dates spread his potential share deliveries over several years.

Is Fabio Colletti Barbosa’s ownership in Ambev (ABEV) direct or indirect?

The filing characterizes his reported restricted share holdings as direct ownership. That indicates the equity awards are attributed directly to him, rather than being held through a separate trust, partnership or other indirect investment vehicle.

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

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Accepted by SEC EDGAR 03/17/2026 - 08:19 PM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Colletti Barbosa Fabio

(Last)

(First)

(Middle)

RUA DR. RENATO PAES DE BARROS, 1017

4TH FLOOR

(Street)

SAO PAULO

04530-001

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
AMBEV S.A. [ ABEV ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Shares	⁽¹⁾	⁽¹⁾	Common Shares	26,312	⁽²⁾	D
Restricted Shares	⁽³⁾	⁽³⁾	Common Shares	28,641	⁽²⁾	D
Restricted Shares	⁽⁴⁾	⁽⁴⁾	Common Shares	38,689	⁽²⁾	D
Restricted Shares	⁽⁵⁾	⁽⁵⁾	Common Shares	39,505	⁽²⁾	D
Restricted Shares	⁽⁶⁾	⁽⁶⁾	Common Shares	33,289	⁽²⁾	D

Explanation of Responses:

1. These restricted shares vest on December 1, 2026.

2. Each restricted share represents a contingent right to receive one common share minus withholding taxes.

3. These restricted shares vest on December 1, 2027.

4. These restricted shares vest on December 1, 2028.

5. These restricted shares vest on December 2, 2029.

6. These restricted shares vest on December 1, 2030.

	/s/ Fabio Colletti Barbosa	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR