When we set windowTranslucentNavigation = true in android/app/src/main/res/values/styles.xml the last option on the action sheet is unavailable. When we set to false, it's OK as you can see at the bottom of the 2 following screens :

windowTranslucentNavigation = false

windowTranslucentNavigation = true

React Native version = 0.72.4

@expo/react-native-action-sheet version = 4.0.1

android/app/build.gradle

dependencies {
    ...
    implementation("com.google.android.material:material:1.9.0")
    ...
}

android/app/src/main/res/values.styles.xml

<resources>
    <style name="AppTheme" parent="Theme.Material3.Light.NoActionBar">
        <item name="android:windowTranslucentNavigation">true</item>
    </style>
</resources>