Ambev (NYSE: ABEV) officer sells 136,250 shares in open-market trade

Rhea-AI Filing Summary

AMBEV S.A. officer Paulo Andre Zagman reported an open-market sale of 136,250 common shares on May 5, 2026 at an average price of $3.41 per share. After this transaction, he directly holds 230,535 common shares, which include shares represented by American Depositary Shares.

The reported U.S. dollar price reflects a conversion from Brazilian reais using a foreign exchange rate of BRL 4.92 per $1.00 as of the transaction date.

Insider Trade Summary

Net Seller: 136,250 shares ($464,613)

Net Sell 1 txn

Insider Zagman Paulo Andre

Role See Remarks

Sold 136,250 shs ($465K)

Type	Security	Shares	Price	Value
Sale	Common Shares	136,250	$3.41	$465K

Holdings After Transaction: Common Shares — 230,535 shares (Direct, null)

Footnotes (1)

1. The price was converted from Brazilian Real (BRL) to U.S. Dollars (USD) based on the closing foreign exchange rate as of May 5, 2026 (at USD 1.00 = BRL 4.92). Includes certain common shares represented by American Depositary Shares, each of which represents one common share.

Key Figures

Shares sold: 136,250 shares Sale price per share: $3.41 per share Shares held after transaction: 230,535 shares +1 more

4 metrics

Shares sold 136,250 shares Open-market sale on May 5, 2026

Sale price per share $3.41 per share Average price reported for May 5, 2026 sale

Shares held after transaction 230,535 shares Direct common share holdings following sale

FX rate used for conversion BRL 4.92 per $1.00 Exchange rate as of May 5, 2026

Key Terms

open-market sale, American Depositary Shares, foreign exchange rate

3 terms

open-market sale financial

"reported an open-market sale of 136,250 common shares"

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.

American Depositary Shares financial

"includes certain common shares represented by American Depositary Shares"

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.

foreign exchange rate financial

"converted from Brazilian real using a foreign exchange rate of BRL 4.92 per $1.00"

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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^*

Zagman Paulo Andre

(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)
05/05/2026

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	05/05/2026		S		136,250	D	$3.41(1)	230,535(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 was converted from Brazilian Real (BRL) to U.S. Dollars (USD) based on the closing foreign exchange rate as of May 5, 2026 (at USD 1.00 = BRL 4.92).

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

Remarks:

Logistics Vice President Officer.

	/s/ Paulo Andre Zagman	06/11/2026
	** 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 for Paulo Andre Zagman?

Ambev officer Paulo Andre Zagman reported selling 136,250 common shares in an open-market transaction on May 5, 2026. The sale was reported at an average price of $3.41 per share, converted from Brazilian reais to U.S. dollars.

At what price were the Ambev (ABEV) shares sold in this Form 4 filing?

The reported sale price was $3.41 per share, expressed in U.S. dollars. This figure was derived by converting the original Brazilian real price using a foreign exchange rate of BRL 4.92 per $1.00 on May 5, 2026.

How many Ambev (ABEV) shares does Paulo Andre Zagman hold after the sale?

Following the reported transaction, Paulo Andre Zagman directly holds 230,535 common shares of Ambev. This total includes certain common shares that are represented by American Depositary Shares, with each ADS corresponding to one common share.

What type of transaction is disclosed in this Ambev (ABEV) Form 4?

The Form 4 discloses an open-market sale of Ambev common shares by officer Paulo Andre Zagman. The transaction is classified as a non-derivative sale and involved 136,250 common shares traded on May 5, 2026 at an average price of $3.41.

How was currency handled in this Ambev (ABEV) insider sale disclosure?

The transaction price was originally in Brazilian reais and converted to U.S. dollars for reporting. The conversion used a foreign exchange rate of USD 1.00 = BRL 4.92 as of May 5, 2026, providing a consistent dollar-denominated share price.