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.

Ambev CEO reports 1.8M common shares on Form 3

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Klutzenschell Lisboa Carlos Eduardo

Role Chief Executive Officer

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

Holdings After Transaction: Restricted Shares — 1,034,028 contracts (Direct); Common Shares — 1,796,070 shares (Direct)

Footnotes (2)

F1. These restricted shares vest on December 12, 2028.
F2. Each restricted share represents a contingent right to receive one common share minus withholding taxes.

FAQ

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

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.

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

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Accepted by SEC EDGAR 03/18/2026 - 01:17 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^*

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)
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	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)

Source: View Original Filing on SEC EDGAR