Ambev (NYSE: ABEV) director Marcos de Barros Lisboa reports share and option holdings

Rhea-AI Filing Summary

AMBEV S.A. director Marcos de Barros Lisboa filed a Form 3 reporting his initial holdings. He directly owns 20,115 common shares, several blocks of restricted shares that vest between December 1, 2026 and December 1, 2030, and stock options on 43,169, 40,064, 52,949 and 72,370 common shares with exercise prices between $3.22 and $3.91 expiring from December 2, 2026 through December 3, 2029. The restricted shares each represent a contingent right to receive one common share, net of withholding taxes.

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^*

de Barros Lisboa Marcos

(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	20,115	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)	12/01/2021	12/02/2026	Common Shares	43,169	$3.26	D
Stock Options (Right to Buy)	12/01/2022	12/02/2027	Common Shares	40,064	$3.91	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/ Marcos de Barros 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 for Marcos de Barros Lisboa report?

The Form 3 reports Marcos de Barros Lisboa’s initial beneficial ownership in Ambev. It lists directly held common shares, multiple tranches of restricted shares, and several stock option grants with specified exercise prices, underlying share counts, and expiration dates as of the reported date.

How many Ambev (ABEV) common shares does Marcos de Barros Lisboa directly own?

He directly owns 20,115 Ambev common shares according to the Form 3. This figure reflects his direct, non-derivative holdings and is reported separately from his restricted shares and stock options, which represent additional contingent or derivative rights to receive common shares in the future.

What restricted share awards are disclosed for Ambev (ABEV) director Marcos de Barros Lisboa?

The filing lists several blocks of restricted shares, each corresponding to underlying common shares such as 26,312, 28,641, 38,689, 39,505 and 33,289. Footnotes state these restricted shares vest on dates between December 1, 2026 and December 1, 2030 and settle net of withholding taxes.

What stock options held by Marcos de Barros Lisboa in Ambev (ABEV) are shown?

He holds stock options over 43,169, 40,064, 52,949 and 72,370 Ambev common shares. The exercise prices range from $3.22 to $3.91, with expiration dates between December 2, 2026 and December 3, 2029, as disclosed in the derivative holdings summary.

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

No, the Form 3 records Marcos de Barros Lisboa’s initial ownership position, not new trades. All entries are reported as holdings with unknown transaction codes, and the transaction summary shows no buy, sell, exercise, gift, or tax-withholding transactions associated with this filing.

How do Ambev (ABEV) restricted shares for Marcos de Barros Lisboa convert into common stock?

Each restricted share represents a contingent right to receive one Ambev common share, minus withholding taxes. According to the footnotes, these restricted shares vest on specified dates between December 1, 2026 and December 1, 2030, at which point they can settle into common shares.