Jumia Technologies (NYSE: JMIA) director reports 12,213,838 ADS held indirectly

Rhea-AI Filing Summary

Jumia Technologies AG director Hiridjee Hassanein Shahreza has filed an initial ownership report showing indirect holdings of 12,213,838 American Depositary Shares (ADS). Each ADS represents 2 ordinary shares of Jumia Technologies AG. The ADSs are held through Axian Telecom entities that are ultimately 100% owned by Hiridjee.

This filing is a Form 3, which records existing ownership and does not report a new purchase or sale of ADSs.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hiridjee Hassanein Shahreza

(Last) (First) (Middle)

C/O JUMIA TECHNOLOGIES AG

SKALITZER STRASSE 104

(Street)

BERLIN 10997

(City) (State) (Zip)

GERMANY

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Jumia Technologies AG [ JMIA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares (ADS)(1)	12,213,838	I	By Axian Telecom Holding and Management plc(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each ADS represents 2 ordinary shares of Jumia Technologies AG.

2. These ADSs are 100% owned through Axian Telecom, which is 100% owned by Axian Telecom Holding and Management plc, which is in turn 100% owned by Hassanein Shahreza Hiridjee.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney

	/s/ Vanessa Connolly, Attorney-in-fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position did Hiridjee Hassanein Shahreza report in Jumia Technologies AG (JMIA)?

He reported indirect ownership of 12,213,838 American Depositary Shares (ADS) of Jumia Technologies AG. These ADSs are held through Axian Telecom entities that are ultimately 100% owned by him, according to the ownership structure described.

Is the Jumia Technologies AG (JMIA) Form 3 a new buy or sell transaction?

No, this Form 3 does not report a new buy or sell. It is an initial statement of beneficial ownership, disclosing an existing indirect holding of 12,213,838 ADS rather than a recent market transaction.

How many Jumia Technologies AG (JMIA) ADS does each unit represent?

Each Jumia Technologies AG ADS represents 2 ordinary shares of the company. This means the reported 12,213,838 ADS correspond to twice as many underlying ordinary shares, based on the ADS-to-share ratio disclosed.

How are the Jumia Technologies AG (JMIA) ADS held by Hiridjee structured?

The 12,213,838 ADS are held indirectly through Axian Telecom Holding and Management plc. The filing explains that the ADSs are 100% owned through Axian Telecom, which is fully owned by that holding company, itself 100% owned by Hiridjee.

What role does Hiridjee Hassanein Shahreza have at Jumia Technologies AG (JMIA)?

He is identified as a director of Jumia Technologies AG. The Form 3 focuses on his beneficial ownership of 12,213,838 ADS held indirectly through Axian telecom-related entities under his ultimate ownership.

Does the Jumia Technologies AG (JMIA) Form 3 show any derivative securities?

No derivative securities are listed in this Form 3. The filing only shows non-derivative holdings of 12,213,838 ADS, with no options, warrants, or other derivative positions disclosed in the derivative section.