Ambev (ABEV) director sells 468,040 shares at $3.08 weighted average

Rhea-AI Filing Summary

Ambev S.A. director Ricardo Manuel Frangatos Pires Moreira reported a sale of 468,040 common shares on 2026-07-30 at a weighted average price of $3.08 per share, with individual sale prices between $3.08 and $3.09. After this transaction, he directly holds 3,000,000 common shares, including certain shares represented by American Depositary Shares.

Insider Trade Summary

Net Seller: 468,040 shares

Net Sell 1 txn

Insider Moreira Ricardo Manuel Frangatos Pires

Role Director

Sold 468,040 shs ($1.44M)

Type	Security	Shares	Price	Value
Sale	Common Shares F1, F2	468,040	$3.08	$1.44M

Holdings After Transaction: Common Shares — 3,000,000 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.08 to $3.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
2. F2. Includes certain common shares represented by American Depositary Shares, each of which represents one common share.

Key Figures

Shares sold: 468,040 shares Weighted average sale price: $3.08 per share Price range of sales: $3.08–$3.09 per share +2 more

5 metrics

Shares sold 468,040 shares Non-derivative sale of common shares on 2026-07-30

Weighted average sale price $3.08 per share Common share sales with prices between $3.08 and $3.09

Price range of sales $3.08–$3.09 per share Multiple transactions underlying the weighted average price

Shares held after transaction 3,000,000 shares Direct holdings after the reported sale, including shares via ADS

Net insider share change -468,040 shares Net sell direction across reported transactions in this Form 4

Key Terms

weighted average price, American Depositary Shares, Sale in open market or private transaction

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

American Depositary Shares financial

"Includes certain common shares represented by American Depositary Shares, each of which represents one"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Sale in open market or private transaction financial

"transaction_code_description: Sale in open market or private transaction"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/31/2026 - 04:31 PM Accepted by SEC EDGAR 07/31/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What insider transaction did Ambev (ABEV) report on July 30, 2026?

Ambev (ABEV) reported that director Ricardo Manuel Frangatos Pires Moreira sold 468,040 common shares on 2026-07-30. The sale was reported as a non-derivative transaction in common shares at a weighted average price of $3.08 per share.

At what price did the Ambev (ABEV) director sell his 468,040 shares?

The director’s 468,040 Ambev common shares were sold at a weighted average price of $3.08 per share. According to the filing, individual sale prices ranged between $3.08 and $3.09, inclusive, across multiple transactions.

How many Ambev (ABEV) shares does the director hold after this Form 4 sale?

Following the reported sale, the director directly holds 3,000,000 Ambev common shares. The filing notes that this figure includes certain common shares represented by American Depositary Shares, each American Depositary Share corresponding to one common share.

Was the Ambev (ABEV) insider sale executed under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirmed for this transaction. The transaction is reported simply as a sale in an open market or private transaction, with no specific trading plan referenced in the footnotes.

What does the weighted average price mean in Ambev (ABEV)’s Form 4 filing?

The reported price of $3.08 is a weighted average price across multiple trades. The footnote explains that the shares were sold in several transactions at prices ranging from $3.08 to $3.09, and detailed trade-level prices are available on request.

Which security did the Ambev (ABEV) insider sell in this Form 4?

The insider sold Ambev common shares, some of which are represented by American Depositary Shares. Each American Depositary Share corresponds to one common share, and the post-transaction holding of 3,000,000 shares includes such ADS-represented shares.

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^*

Moreira Ricardo Manuel Frangatos Pires

(Last) (First) (Middle)

RUA DR. RENATO PAES DE BARROS, 1017

3RD 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)

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

2a. Foreign Trading Symbol
[ABEV3]

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026

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	07/30/2026		S		468,040	D	$3.08(1)	3,000,000(2)	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.08 to $3.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.

2. Includes certain common shares represented by American Depositary Shares, each of which represents one common share.

	/s/ Ricardo Manuel Frangatos Pires Moreira	07/31/2026
	** 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)