Jumia corrects clerical errors in CTO ownership details
The reported VRSUs have separate vesting dates in 2026 and 2027 and may be settled in cash or equity at Jumia's discretion.
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Rhea-AI Filing Summary
Jumia Technologies AG (JMIA) filed a Form 3/A to correct a clerical error in Exhibit 24.1, its power of attorney, and explanations in footnotes 2 and 3; all other information in the original Form 3 remains unchanged. Chief Technology Officer Fangueiro Pedro Antonio Oliveira reported direct holdings of 30,000 ADSs and two VRSU positions covering 40,000 and 22,000 underlying ordinary shares.
The VRSUs vest on December 9, 2026 and December 15, 2027. Subject to certain conditions, Jumia may settle them in cash or, at its sole discretion, equity; each VRSU would convert into one ordinary share if settled in equity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Virtual Restricted Stock Units (VRSU) F4, F2 | -- | -- | -- |
| Holding | Virtual Restricted Stock Units (VRSU) F4, F3 | -- | -- | -- |
| Holding | American Depositary Shares (ADS) F1 | -- | -- | -- |
Footnotes (4)
- F1. Each ADS represents 2 ordinary shares of Jumia Technologies AG.
- F2. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023 and will vest on December 9, 2026. They do not have an expiration date.
- F3. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2025 and will vest on December 15, 2027. They do not have an expiration date.
- F4. In the case of VRSUs granted pursuant to the Virtual Restricted Stock Unit Program 2023 and Virtual Restricted Stock Unit Program 2025, subject to certain conditions, each VRSU entitles the holder to receive a cash payment equal to the average of the closing price of the ADSs on the first five trading days after the publication by Jumia Technologies AG of its last quarterly financial results. In each case, Jumia Technologies AG is entitled, at its sole discretion, to settle the VRSUs either in cash or in equity. If the VRSUs are settled in equity, each VRSU would be converted into one ordinary share of Jumia Technologies AG.
Key Figures
Key Terms
Virtual Restricted Stock Units (VRSU) financial
trading days financial
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