Ambev (ABEV) CEO discloses 1.8M common and 1.0M restricted shares

Rhea-AI Filing Summary

AMBEV S.A. Chief Executive Officer Carlos Eduardo Klutzenschell Lisboa filed an initial ownership report showing his equity position in the company. He directly holds 1,796,070 common shares.

He also holds 1,034,028 restricted shares, each representing a contingent right to receive one common share, minus withholding taxes. These restricted shares vest on December 12, 2028, meaning they convert into common shares only if vesting conditions are met by that date.

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

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1. Name and Address of Reporting Person^*

Klutzenschell Lisboa Carlos Eduardo

(Last) (First) (Middle)

RUA DR. RENATO PAES DE BARROS, 1017

3 ANDAR PARTE

(Street)

SAO PAULO BRAZIL 04530-001

(City) (State) (Zip)

BRAZIL

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

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

3a. Foreign Trading Symbol

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

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

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

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)
Common Shares	1,796,070	D

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Shares	(1)	(1)	Common Shares	1,034,028	(2)	D

Explanation of Responses:

1. These restricted shares vest on December 12, 2028.

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

	/s/ Carlos Eduardo Klutzenschell Lisboa	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Ambev (ABEV) Form 3 filing by CEO Carlos Eduardo Klutzenschell Lisboa show?

The Form 3 shows that Ambev CEO Carlos Eduardo Klutzenschell Lisboa directly holds 1,796,070 common shares and 1,034,028 restricted shares. It is an initial ownership report, establishing his starting equity position as an insider of the company.

How many Ambev (ABEV) common shares does the CEO hold according to this Form 3?

According to the Form 3, the CEO directly holds 1,796,070 common shares of Ambev. This figure reflects his direct ownership after the reported transactions and provides a baseline view of his current equity stake in the company’s common stock.

What are the terms of the 1,034,028 restricted shares reported for Ambev (ABEV) CEO?

The CEO holds 1,034,028 restricted shares that vest on December 12, 2028. Each restricted share is a contingent right to receive one common share, reduced by withholding taxes, meaning actual delivered shares will be net of required tax withholding.

When do the Ambev (ABEV) CEO’s restricted shares vest?

The restricted shares reported for the Ambev CEO vest on December 12, 2028. Vesting means that, on that date, each restricted share can convert into one common share, minus withholding taxes, assuming all vesting conditions are satisfied at that time.

Does this Ambev (ABEV) Form 3 indicate any recent share purchases or sales by the CEO?

The Form 3 functions as an initial ownership statement and does not show explicit buy or sell transactions. It lists the CEO’s direct holdings in common and restricted shares, establishing his equity position without describing open-market purchases or sales.

How are the Ambev (ABEV) restricted shares related to common shares for the CEO?

Each restricted share represents a contingent right to receive one common share, minus withholding taxes. This means that, upon vesting on December 12, 2028, the CEO will receive net common shares after mandatory tax withholding is applied to the gross award.