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Form 3 AMBEV S.A. For: Mar 18 Filed by: Zagman Paulo Andre

March 18, 2026 2:39 PM
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 *
Zagman Paulo Andre
(Last) (First) (Middle)
RUA DR. RENATO PAES DE BARROS, 1017
4TH FLOOR
(Street)
SAO PAULO 04530-001
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
AMBEV S.A. [ ABEV ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
 5. If Amendment, Date of Original Filed (Month/Day/Year)
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 332,071 (1)
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 (2) (2) Common Shares 183,599 (3) D
Restricted Shares (4) (4) Common Shares 216,335 (3) D
Restricted Shares (5) (5) Common Shares 208,097 (3) D
Restricted Shares (6) (6) Common Shares 662,259 (3) D
Restricted Shares (7) (7) Common Shares 137,218 (3) D
Restricted Shares (8) (8) Common Shares 116,901 (3) D
Stock Options (Right to Buy) 12/01/2021 12/02/2026 Common Shares 90,211 3.26 D
Stock Options (Right to Buy) 12/01/2022 12/02/2027 Common Shares 59,490 3.91 D
Stock Options (Right to Buy) 12/03/2023 12/04/2028 Common Shares 76,555 3.22 D
Stock Options (Right to Buy) 12/02/2024 12/03/2029 Common Shares 123,963 3.43 D
Explanation of Responses:
1. Includes certain common shares represented by American Depositary Shares, each of which represents one common share.
2. These restricted shares vest on December 1, 2026.
3. Each restricted share represents a contingent right to receive one common share minus withholding taxes.
4. These restricted shares vest on March 1, 2027.
5. These restricted shares vest on December 1, 2027.
6. These restricted shares vest on December 14, 2027.
7. These restricted shares vest on February 28, 2028.
8. These restricted shares vest on December 1, 2028.
Remarks:
Logistics Vice President Officer.
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/ Paulo Andre Zagman 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 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.

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