Ambev (ABEV) officer sells 152,386 shares in open-market trade

Rhea-AI Filing Summary

AMBEV S.A. officer Eduardo Braga Cavalcanti de Lacerda reported an open-market sale of 152,386 Common Shares on March 27, 2026 at $2.85 per share. Following this transaction, he directly owns 223,340 Common Shares of the company.

Insider Trade Summary

Net Seller: 152,386 shares ($434,300)

Net Sell 1 txn

Insider Cavalcanti de Lacerda Eduardo Braga

Role See Remarks

Sold 152,386 shs ($434K)

Type	Security	Shares	Price	Value
Sale	Common Shares	152,386	$2.85	$434K

Holdings After Transaction: Common Shares — 223,340 shares (Direct)

Footnotes (1)

Key Figures

Shares sold: 152,386 shares Sale price per share: $2.85 per share Shares owned after sale: 223,340 shares +2 more

5 metrics

Shares sold 152,386 shares Open-market sale of Common Shares on March 27, 2026

Sale price per share $2.85 per share Price for the 152,386 Common Shares sold

Shares owned after sale 223,340 shares Directly owned Common Shares following the transaction

Transaction code S Sale in open market or private transaction

Transaction type non-derivative Common Shares, not an options or derivative trade

Key Terms

open-market sale, Common Shares, transaction_code, non-derivative

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Shares financial

"security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

transaction_code regulatory

""transaction_code": "S""

non-derivative financial

""transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cavalcanti de Lacerda Eduardo Braga

(Last) (First) (Middle)

RUA DR. RENATO PAES DE BARROS, 1017

4TH FLOOR

(Street)

SAO PAULO BRAZIL 04530-001

(City) (State) (Zip)

BRAZIL

(Country)

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

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

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

2a. Foreign Trading Symbol
[ABEV3]

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/27/2026		S		152,386	D	$2.85	223,340	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Commercial Vice President Officer. All prices were converted from Brazilian Real (BRL) to U.S. Dollars (USD) based on the closing foreign exchange rate as of March 27, 2026 (at USD 1.00 = BRL 5.24).

	/s/ Eduardo Braga Cavalcanti de Lacerda	04/13/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ambev (ABEV) report in this Form 4?

Ambev reported that officer Eduardo Braga Cavalcanti de Lacerda executed an open-market sale of 152,386 Common Shares. The transaction occurred on March 27, 2026, at a price of $2.85 per share, reflecting a sizable move in his directly held stake.

Who is the Ambev (ABEV) insider involved in the March 27, 2026 sale?

The insider is Eduardo Braga Cavalcanti de Lacerda, identified as an officer of AMBEV S.A. According to the filing, he directly owned the shares involved and completed an open-market sale of 152,386 Common Shares at $2.85 per share on March 27, 2026.

How many Ambev (ABEV) shares did the insider sell and at what price?

Eduardo Braga Cavalcanti de Lacerda sold 152,386 Common Shares of Ambev in an open-market transaction. The reported sale price was $2.85 per share. This single transaction accounts for all the activity disclosed in the provided Form 4 excerpt.

How many Ambev (ABEV) shares does the insider hold after this transaction?

After completing the March 27, 2026 sale, Eduardo Braga Cavalcanti de Lacerda directly holds 223,340 Common Shares. This post-transaction balance reflects his remaining direct ownership as reported in the Form 4, with no derivative positions listed in the provided data.

Was the Ambev (ABEV) insider transaction a buy or a sell?

The transaction was a sale. The Form 4 lists transaction code “S” and describes it as an open-market sale of Common Shares. In total, Eduardo Braga Cavalcanti de Lacerda sold 152,386 shares at a price of $2.85 per share in this reported trade.