<SEC-DOCUMENT>0001292814-25-003693.txt : 20251030
<SEC-HEADER>0001292814-25-003693.hdr.sgml : 20251030
<ACCEPTANCE-DATETIME>20251030061827
ACCESSION NUMBER:		0001292814-25-003693
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251030
DATE AS OF CHANGE:		20251030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBEV S.A.
		CENTRAL INDEX KEY:			0001565025
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36165
		FILM NUMBER:		251432037

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		PROVINCE COUNTRY:   	D5
		BUSINESS PHONE:		55(11)2122-1414

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		PROVINCE COUNTRY:   	D5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	InBev Corporate Holdings Inc.
		DATE OF NAME CHANGE:	20121219
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>abev20251029_6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<HR SIZE="2" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%">

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the month of October, 2025</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Commission File Number 1565025</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rua Dr. Renato Paes de Barros, 1017 - 3rd
Floor<BR>
04530-000 S&atilde;o Paulo, SP<BR>
Federative Republic of Brazil</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><BR>
Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt"><FONT STYLE="font-size: 13.5pt">&nbsp;</FONT><FONT STYLE="font-size: 12pt">Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.&nbsp;</FONT><FONT STYLE="font-size: 13.5pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Yes _______ No ___X____</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">CNPJ [National Register of Legal Entities] No.
07.526.557/0001-00</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">NIRE [Corporate Registration Identification Number]
35.300.368.941</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">(&ldquo;<U>Company</U>&rdquo;)</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Extract of the Minutes of the Meeting of the
Board of Directors of the Company held on October 29, 2025 drawn up in summary form</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 26.95pt"><FONT STYLE="font-size: 11pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt"><B><U>Date, Time and Venue</U>.</B> On October 29, 2025, at 10:00 a.m.,
in the Company&rsquo;s headquarters, located at Rua Dr. Renato Paes de Barros, 1.017, 4th floor, S&atilde;o Paulo/SP, Brazil.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0 0 0 26.95pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 11pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt"><B><U>Call and Attendance</U>. </B>Call notice duly given pursuant to the
Company&rsquo;s bylaws. Meeting with attendance of Mr. Michel Dimitrios Doukeris, Chairman, and Messrs. Victorio Carlos De Marchi, Fernando
Mommensohn Tennenbaum, Nelson Jos&eacute; Jamel, Ricardo Manuel Frangatos Pires Moreira, Fabio Colletti Barbosa, Lia Machado de Matos,
Luciana Pires Dias, Marcos de Barros Lisboa, Milton Seligman and Fernanda Gemael Hoefel, representing the totality of members of the Board
of Officers of the Company (&ldquo;Board&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 11pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt"><B><U>Board</U>.</B> Chairman: Michel Dimitrios Doukeris; Secretary: Guilherme
Malik Parente.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 11pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt"><B><U>Resolutions</U>: </B>The Directors unanimously and unrestrictedly
resolved to:</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 11pt">4.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt"><U>Share buyback program</U>. Approve, pursuant to article 30, Paragraph 1<SUP>st</SUP>, &ldquo;b&rdquo;,
of Law 6,404/76 and CVM Resolution 77/22, a share buyback program for the repurchase of shares issued by the Company up to the limit of
208,000,000 common shares, with the primary purpose of cancelation, considering that the shares not canceled may be held in treasury,
transferred and/or used to cover any share delivery requirements contemplated in the Company's share-based compensation&nbsp;plans, to
be in effect until April 29, 2027, as detailed in the Notice Regarding the Negotiation of Shares Issued by the Company, in the form of
Exhibit G of CVM Resolution 80/22 attached to these minutes, which is hereby approved by the Board for public disclosure. The Company
has 4,253,039,958 outstanding shares as defined in CVM Resolution 77/22. The acquisition will be recorded as a debit on the capital reserve
in the balance sheet dated as of September 30, 2025. The transaction will be carried out through the following financial institutions:
<I>Santander Corretora de C&acirc;mbio e Valores Mobili&aacute;rios S.A.</I> (CNPJ No. 51.014.223/0001-49), <I>&Aacute;gora Corretora
de T&iacute;tulos e Valores Mobili&aacute;rios S.A.</I> (CNPJ No. 74.014.747/0001-35), and <I>Goldman Sachs do Brasil Corretora de T&iacute;tulos
e Valores Mobili&aacute;rios S.A.</I> (CNPJ No. 09.605.581/0001-60).</FONT></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 27pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 1.35pt"><FONT STYLE="font-size: 11pt">4.2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt"><U>Manual on Disclosure and Use of Information and Securities Trading Policy</U>.
Approve, in accordance with the presentation made and the draft made available to the Board, the changes made to the &ldquo;Manual on
Disclosure and Use of Information and Securities Trading Policy of Ambev S.A.&rdquo;, which was initialized by the Board and will remain
filed at the Company&rsquo;s headquarters.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -1.35pt">The Board authorizes
the Company's Executive Board of Officers to take any and all actions that may be required to implement the aforementioned resolutions
(including those required pursuant to the Manual on Disclosure and Use of Information and Securities Trading Policy of the Company, particularly
with respect to the trading of shares by related parties during the period in which the repurchase program is in effect), as well as determine
the timing and number of shares issued by the
Company to be acquired within the limits authorized above.</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Minutes of the Meeting of the Board of Directors of Ambev S.A. held on October 29, 2025</I></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 11pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt"><B><U>Close</U>.</B> With no further matters to be discussed, the present
Minutes were drawn up and duly executed.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center">S&atilde;o Paulo, October 29, 2025</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Michel Dimitrios Doukeris</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">/s/ Victorio Carlos De Marchi</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Fernando Mommensohn Tennenbaum</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD COLSPAN="2" STYLE="font: 10pt/14pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 11pt">/s/ Nelson Jos&eacute; Jamel</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">/s/ Ricardo Manuel Frangatos Pires Moreira</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Lia Machado de Matos</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">/s/ Marcos de Barros Lisboa</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Fernanda Gemael Hoefel</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">/s/ Fabio Colletti Barbosa</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">/s/ Luciana Pires Dias</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">/s/ Milton Seligman</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right">/s/ Guilherme Malik Parente</P>
    <P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: right"><I>Secretary</I></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 28%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt/14pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 38%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt/14pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt/14pt Times New Roman, Times, Serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt/14pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 3; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Minutes of the Meeting of the Board of Directors of Ambev S.A. held on October 29, 2025</I></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Exhibit I</U></B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Notice Regarding the Negotiation of Shares
Issued by the Company</B></P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">CNPJ [National Register of Legal Entities] No.
07.526.557/0001-00</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">NIRE [Corporate Registration Identification Number]
35.300.368.941</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>NOTICE REGARDING THE NEGOTIATION OF SHARES
ISSUED BY AMBEV S.A.</U></B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Ambev S.A.</B> (&ldquo;<U>Company</U>&quot;),
pursuant to the terms of CVM Resolution No.&nbsp;80/22, disclose the following information set forth in its Exhibit G regarding the negotiation
of shares issued by the Company.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>1. Justify in detail the objective and the
expected economic effects of the operation.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">The operation aims the acquisition of shares
to maximize the generation of value for shareholders, through the efficient management of its capital structure, and the main objective
will be the cancelation of said shares. Any remaining shares shall be held in treasury, transferred in public or private transactions,
and/or used to meet the requirements under the Company's share-based compensation plans.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>2. Inform the number of (i) outstanding shares
and (ii) shares held in treasury.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently has 4,253,039,958 outstanding
shares and 169,205,404 shares held in treasury.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>3. Inform the number of shares that may be
acquired or sold.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may acquire up to 208,000,000 common
shares.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>4. Describe the main characteristics of the
derivative instruments that the company may use, if any.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable, considering that the Company
will not use derivative instruments in this transaction.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>5. Describe, if applicable, any voting agreements
or guidelines existing between the company and the counterparty of the operations.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable, considering that the Company
will carry out operations on the Brazilian stock exchange with no knowledge of the identity of counterparties.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>6. In case the transactions are to be carried
out outside organized securities markets, inform: a. the maximum (minimum) price for which the shares will be acquired (sold); and b.
if applicable, the reasons that justify carrying out the transaction at prices more than 10% (ten percent) higher, in the case of acquisition,
or more than 10% (ten percent) lower, in the case of sale, than the average of the
price, weighted by the volume, in the 10 (ten) previous trading sessions.</B></P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Minutes of the Meeting of the Board of Directors of Ambev S.A. held on October 29, 2025</I></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable, considering that the operations
will be carried out on the Brazilian stock exchange.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>7. Inform, if any, the impacts that the negotiation
will have on the composition of the shareholding control or the management structure of the company.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable, as the Company has a defined
controlling shareholder and therefore does not anticipate any impacts that the negotiation will have on the composition of our shareholder
structure or the management structure of the company.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>8. Identify the counterparties, if known,
and, in the case of a related party to the company, as defined by the accounting rules that deal with this matter, also provide the information
required by art. 9 of CVM Resolution 81, of March 29, 2022.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable, considering that the Company
will carry out operations on the Brazilian stock exchange with no knowledge of the identity of counterparties.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>9. Indicate the destination of the funds received,
if applicable.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Not applicable, considering that the Company
will not receive funds and the main objective of the acquisition is the cancellation of the acquired shares. The remaining shares may
be held in treasury, transferred and/or used to meet the provisions of the Company's share-based compensation plans.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>10. Indicate the maximum period for the settlement
of authorized transactions.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">Purchases may be made within up to 18 months
counted as of the date of their approval, therefore, until April 29, 2027.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>11. Identify institutions that will act as
intermediaries, if any.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Santander Corretora de C&acirc;mbio e Valores
Mobili&aacute;rios S.A.</I> (CNPJ No. 51.014.223/0001-49), <I>&Aacute;gora Corretora de T&iacute;tulos e Valores Mobili&aacute;rios S.A.
</I>(CNPJ No. 74.014.747/0001-35), and <I>Goldman Sachs do Brasil Corretora de T&iacute;tulos e Valores Mobili&aacute;rios S.A.</I> (CNPJ
No. 09.605.581/0001-60).</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>12. Specify the available resources to be
used, in the form of art. 8, &sect; 1, of CVM Resolution 77, of March 29, 2022.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">The acquisition will occur as per a deduction
of the capital reserve account recorded in the balance sheet dated as of September 30, 2025.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Minutes of the Meeting of the Board of Directors of Ambev S.A. held on October 29, 2025</I></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>13. Specify the reasons why the members of
the board of directors feel comfortable that the repurchase of shares will not affect the compliance of obligations with creditors or
the payment of fixed or minimum mandatory dividends.</B></P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">The total amount to be paid by the Company if
it repurchases a total of 208,000,000 shares would be approximately R$&nbsp;2,500,000,000.00, based on the closing share price on October
29, 2024. This amount represents approximately 15% of the Company's cash, as determined in the most recent financial statements disclosed
to the market.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">In view of the percentage mentioned above, the
members of the board of directors are comfortable that the repurchase of shares will not affect the compliance of obligations with creditors
nor the payment of mandatory dividends.</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Times New Roman, Times, Serif; margin: 0; text-align: center">***</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 6; Options: NewSection Last; Value: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>



<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Date:&nbsp;October 29, 2025</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">AMBEV S.A.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">/s/&nbsp;Guilherme Fleury de Figueiredo Ferraz Parolari</FONT></TD></TR>
<TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Guilherme Fleury de Figueiredo Ferraz Parolari</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Chief Financial and Investor Relations Officer</P></TD></TR>
</TABLE>
<HR SIZE="2" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%">



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
