v3.26.1
Share-Based Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Compensation Plan [Abstract]  
Schedule of Grant for Each Option Using the Black- Scholes Option

The fair value of each share option award was estimated at the time of grant for each option using the Black-Scholes option pricing model. The Company did not grant any options during the years ended December 31, 2025 and 2024. The key assumptions used for options granted during the years ended December 31, 2023 were as follows:

 

   2023
Exercise price  R$23.20
Fair value of common share  R$27.00 - R$32.60
Volatility  54.9% - 58.4%
Risk-free interest rate  10.63% - 12.52%
Dividend yield  0%
Expected option life  5 - 7 years
Schedule of Number and Weighted Average Exercise Price of Share Options

The number and weighted average exercise price of share options were as follows:

 

   2025   2024   2023 
   Weighted
Average
Exercise
Price (R$)
   Number of
Options
   Weighted
Average
Exercise
Price (R$)
   Number of
Options
   Weighted
Average
Exercise
Price (R$)
   Number of
Options
 
Outstanding at January 1   23.20    142,004    23.20    194,979    19.10    1,340,198 
Granted   23.20    
-
    23.20    
-
    23.20    
-
 
Forfeited/canceled   23.20    (80,536)   23.20    (52,913)   23.20    
-
 
Exercised   23.20    
-
    23.20    (62)          
Conversion of stock option subject to conversion ratio(i)   
-
    
-
    
-
    
-
         194,979 
Outstanding at December 31   23.20    61,468    23.20    142,004    23.20    194,979 
Exercisable at the end of the year   23.20    61,468    23.20    136,578    23.20    163,137