Milton Seligman details Ambev (NYSE: ABEV) share and option holdings

Rhea-AI Filing Summary

AMBEV S.A. director Milton Seligman filed an initial Form 3 reporting his equity holdings in the company. He directly owns 545,090 common shares and holds several grants of restricted shares that each represent a contingent right to receive one common share, minus withholding taxes, upon vesting.

The filing also lists stock options giving him the right to buy 52,949 common shares at an exercise price of 3.2200 per share exercisable until December 4, 2028, and 72,370 common shares at 3.4300 per share exercisable until December 3, 2029. Restricted share awards vest on dates ranging from December 1, 2026 through December 1, 2030.

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^*

Seligman Milton

(Last) (First) (Middle)

RUA DR. RENATO PAES DE BARROS, 1017

4TH FLOOR

(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)

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

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	545,090	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	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
Stock Options (Right to Buy)	12/03/2023	12/04/2028	Common Shares	52,949	$3.22	D
Stock Options (Right to Buy)	12/02/2024	12/03/2029	Common Shares	72,370	$3.43	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.

Remarks:

All prices were converted from Brazilian Real (BRL) to U.S. Dollars (USD) based on the foreign exchange rate as of March 17, 2026 (at USD 1.00 = BRL 5.26).

	/s/ Milton Seligman	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 Milton Seligman’s Form 3 filing show for Ambev (ABEV)?

It shows Milton Seligman’s initial ownership in Ambev, including direct holdings of 545,090 common shares, multiple tranches of restricted shares that convert into common shares upon vesting, and stock options over additional common shares at preset exercise prices and expiration dates.

How many Ambev (ABEV) common shares does Milton Seligman directly own?

The Form 3 reports that Milton Seligman directly owns 545,090 common shares of Ambev S.A. These are ordinary shares, separate from his restricted share units and stock options, which represent additional potential future common share ownership subject to vesting and exercise conditions.

What stock options does Milton Seligman hold in Ambev (ABEV)?

He holds stock options over 52,949 common shares at an exercise price of 3.2200 per share expiring on December 4, 2028, and options over 72,370 common shares at 3.4300 per share expiring on December 3, 2029, all reported as directly owned.

How are Milton Seligman’s Ambev (ABEV) restricted shares structured?

Each restricted share represents a contingent right to receive one common share, minus withholding taxes, when it vests. Different grants vest on specific dates between December 1, 2026 and December 1, 2030, providing a schedule of future potential share deliveries.

Does Milton Seligman’s Ambev (ABEV) Form 3 indicate any recent buying or selling?

No transactions are classified as buys or sells in this Form 3. The entries are labeled as holdings with unknown transaction codes, indicating disclosure of existing ownership positions rather than new market purchases or sales of Ambev securities.

What is the vesting timeline for Milton Seligman’s Ambev (ABEV) restricted shares?

The filing notes restricted share awards vesting on December 1, 2026, December 1, 2027, December 1, 2028, December 2, 2029, and December 1, 2030. Upon vesting, each restricted share can deliver one common share, less applicable withholding taxes.