Cavalcanti de Lacerda Eduardo Braga 4

What Happened Cavalcanti de Lacerda Eduardo Braga, AMBEV’s Commercial Vice President, sold 152,386 shares on March 27, 2026 at $2.85 per share, for a total of $434,300. The Form 4 (filed April 13, 2026) reports the transaction as an open‑market or private sale. Dollar amounts were converted from Brazilian reais using the March 27, 2026 closing FX rate (USD 1.00 = BRL 5.24).

Key Details

• Transaction date: March 27, 2026; Form 4 filing date: April 13, 2026 (filed more than two business days after the trade).
• Shares sold: 152,386 at $2.85 per share; proceeds reported as $434,300 (USD).
• Role: Commercial Vice President (officer).
• Reporting note: sale reported as "open market or private sale" (Form 4 code S = Sale).
• Currency conversion: BRL → USD at 1 USD = BRL 5.24 (closing rate 3/27/2026).
• Shares owned after transaction: not disclosed in the provided filing details.
• No 10b5‑1 plan, tax‑withholding, or other special instructions were indicated in the information supplied.

Context This was a sale by an executive — sales are common and can be routine (diversification, liquidity, tax planning) and do not by themselves signal company performance. The filing was submitted on April 13, 2026, which is later than the usual two‑business‑day Form 4 deadline following the March 27 trade; late filings can be administrative oversights but may merit attention from investors tracking insider activity.