Ambev (NYSE: ABEV) officer Duarte Valdecir lists share and option awards

Rhea-AI Filing Summary

AMBEV S.A. officer Duarte Valdecir filed an initial ownership report showing direct holdings of 705,363 common shares. The filing also lists multiple grants of restricted shares, each representing a right to receive one common share minus withholding taxes, vesting on dates from December 1, 2026 through December 1, 2028.

In addition, he holds several stock option awards over common shares with exercise prices such as 3.26, 3.91, 3.22 and 3.43 per share, expiring between December 2, 2026 and December 3, 2029. The entry is a Form 3, so it records existing positions rather than new market purchases or sales.

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^*

Duarte Valdecir

(Last) (First) (Middle)

RUA DR. RENATO PAES DE BARROS, 1017

4TH FLOOR

(Street)

SAO PAULO BRAZIL 04530-000

(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)
	See Remarks

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	705,363	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	242,581	(2)	D
Restricted Shares	(3)	(3)	Common Shares	224,298	(2)	D
Restricted Shares	(4)	(4)	Common Shares	173,414	(2)	D
Restricted Shares	(5)	(5)	Common Shares	145,791	(2)	D
Restricted Shares	(6)	(6)	Common Shares	146,127	(2)	D
Stock Options (Right to Buy)	12/01/2021	12/02/2026	Common Shares	66,756	$3.26	D
Stock Options (Right to Buy)	12/01/2022	12/02/2027	Common Shares	300,370	$3.91	D
Stock Options (Right to Buy)	12/03/2023	12/04/2028	Common Shares	153,111	$3.22	D
Stock Options (Right to Buy)	12/02/2024	12/03/2029	Common Shares	124,637	$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 March 1, 2027.

4. These restricted shares vest on December 2, 2027.

5. These restricted shares vest on February 28, 2028.

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

Remarks:

Industrial Vice President Officer. 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/ Valdecir Duarte	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 Ambev (ABEV) insider Duarte Valdecir report on this Form 3?

The Form 3 shows Duarte Valdecir’s existing stake in Ambev, including 705,363 common shares held directly and several restricted share and stock option grants, establishing his baseline ownership position as an officer of the company.

How many Ambev (ABEV) common shares does Duarte Valdecir hold directly?

Duarte Valdecir reports holding 705,363 Ambev common shares directly. This figure represents his current direct equity stake, separate from additional restricted share units and stock options that may convert into more common shares in the future.

What restricted share awards are disclosed for Duarte Valdecir at Ambev (ABEV)?

The filing lists several restricted share awards that each convert into one common share minus withholding taxes. These tranches have vesting dates including December 1, 2026, March 1, 2027, December 2, 2027, February 28, 2028 and December 1, 2028.

What stock options does Duarte Valdecir hold in Ambev (ABEV)?

Duarte Valdecir holds multiple stock option awards over Ambev common shares. Examples include options with exercise prices of 3.26, 3.91, 3.22 and 3.43 per share, with stated expiration dates from December 2, 2026 through December 3, 2029.

Does this Ambev (ABEV) Form 3 show insider buying or selling activity?

This Form 3 does not show new buying or selling activity. Instead, it records Duarte Valdecir’s existing holdings in common shares, restricted shares and stock options as of the reporting date, serving as an initial ownership baseline.