[Form 4] AMBEV S.A. Insider Trading Activity

Rhea-AI Filing Summary

AMBEV S.A. executive Eduardo Braga Cavalcanti de Lacerda received a grant of common shares as part of a performance-based bonus payment. He acquired 30,431 common shares valued at $3.11 per share, increasing his direct holdings to 375,726 common shares. This was a compensation-related award, not an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cavalcanti de Lacerda Eduardo Braga

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	30,431	$3.11	$95K

Holdings After Transaction: Common Shares — 375,726 shares (Direct)

Footnotes (1)

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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)
03/30/2026

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	03/30/2026		A		30,431(1)	A	$3.11	375,726	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. Represents a grant of common shares as part of a performance-based bonus payment.

Remarks:

Commercial Vice President Officer.

	/s/ Eduardo Braga Cavalcanti de Lacerda	04/01/2026
	** 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 ABEV executive Eduardo Braga Cavalcanti de Lacerda report?

Eduardo Braga Cavalcanti de Lacerda reported receiving 30,431 ABEV common shares. The shares were granted as part of a performance-based bonus, meaning they are compensation rather than an open-market purchase. This award increased his direct ownership position in AMBEV S.A.

Was the ABEV insider’s Form 4 transaction a stock purchase or a grant?

The Form 4 for ABEV shows a grant of common shares, not a market purchase. Eduardo Braga Cavalcanti de Lacerda received 30,431 shares as a performance-based bonus, classified as an acquisition under transaction code A for grant, award, or other acquisition.

How many AMBEV (ABEV) shares does the insider hold after this grant?

Following the grant, Eduardo Braga Cavalcanti de Lacerda directly holds 375,726 AMBEV common shares. This total includes the 30,431 shares awarded on March 30, 2026, and reflects his updated post-transaction ownership position reported in the Form 4 filing.

What was the reference price for the ABEV common shares granted to the insider?

The granted AMBEV common shares were reported with a reference price of $3.11 per share. This price is used for reporting purposes in the Form 4 and helps indicate the notional value of the performance-based bonus award the executive received.

Does the ABEV Form 4 indicate any stock sales or disposals by the insider?

The ABEV Form 4 shows no stock sales or disposals by the insider. It reports only an acquisition under transaction code A, reflecting a grant of 30,431 common shares as performance-based compensation, with no corresponding sale or tax-withholding disposition.