Trade Summary

5 days ago, Moreira Ricardo Manuel Frangatos Pires, serving as Dir at AMBEV S.A. (ABEV), sold 468,040 shares at $3.08 per share, for a total transaction value of $1,441,563.20. Following this transaction, Moreira Ricardo Manuel Frangatos Pires now holds 3,000,000 shares of ABEV.

This sale represents a 13.50% decrease in Moreira Ricardo Manuel Frangatos Pires's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, July 30, 2026 and publicly disclosed via SEC Form 4 filing on Friday, July 31, 2026 at 4:30 PM ET, 1 day after the trade was made.

AMBEV S.A. operates in the CONSUMER DEFENSIVE sector, specifically within the BEVERAGES - BREWERS industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.