Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 174

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 174
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2023 2022
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Short-term employee benefits - Salaries and wages 3,529 2,177 1,767
Long-term employee benefits - Share-based payment 16,222 6,822 3,351
19,751 8,999 5,118
(b)
Transactions with other related parties
The following transactions occurred with related parties:
2024 2023 2022
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Transactions with merchants - Revenues 271 1,494 1,158
Transactions with preferred suppliers (Collection entities) - Costs ( 911 ( 53 ( 621
Transactions with other related parties - Financial expenses (item (a)) (1) ( 22,602 ( 81,024 - 
(1) Foreign exchange losses not eliminated on the consolidated financial statements, refer to note 11.
(c)
Outstanding balances arising from transactions with related parties
The following balances are outstanding at the end of the reporting year in relation to transactions with related parties:
2024 2023
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Balances with merchants - trade receivables - 406
Balances with preferred suppliers (Collection entities) - trade payables ( 429 ( 19
Balances with preferred suppliers (Collection entities) - trade receivables 6,853 - 
All transactions with related parties were made on normal commercial terms and conditions and at market rates. Outstanding balances are unsecured and are repayable in cash.

F-46

29.
Share-based payment
Set out below are summaries ofRSUs, PSUs and stock option for 2024 and 2023:
2024 2023
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Average Average
exercise price Number of exercise price
(U. S. Dollars) options and RSUs and PSUs (U. S. Dollars)
At the beginning of the year 6.86 6,962,302 8.30 3,534,561
Granted during the year 1.76 2,446,559 5.53 4,340,239
Exercised during the year 0.50 ( 1,067,176 2.25 (