ios 26 Missing iCalendar "Floating" Time Zone option

I'm sharing a calendar with someone in different time zone. I want to set a calendar event with a "FLoating" time zone so we see the same time for the event we are attending together. I can do that on the Mac by setting time zone to "Floating". However, that option does not exist on iCalendar.

If I create a new shared calendar event with the friend it only allows me to set a Location timezone. As a result, if I set the location to her location then the time is not correct on my phone. VIsa Versa if I set it to my time zone. If I create the shared event on IOS iCalendar, I have to go back to the Mac and set the event to Floating which is annoying.

Can you record a bug that Floating is not an option on the IOS iCalendar as it exists on the Mac? I want both of us to see the same time for the even regardless of time zone. Since I will be traveling to her. That's the point of Floating timezone. Thanks.