Jumia Technologies (JMIA) CEO reports VRSU awards and ADS stake

Rhea-AI Filing Summary

Jumia Technologies AG Chief Executive Officer Francis Michel Daniel Dufay filed an initial Form 3 reporting his existing equity interests in the company. He holds 255,425 American Depositary Shares (ADS), with each ADS representing two ordinary shares. He also holds several tranches of Virtual Restricted Stock Units (VRSUs) linked to ordinary shares, granted under the company’s 2021, 2023 and 2025 Virtual Restricted Stock Unit Programs. These VRSUs are subject to performance criteria and vest on various dates between December 31, 2025 and December 31, 2029. Depending on conditions and company choice, each VRSU may be settled in cash based on the average ADS closing price over a short period after specific financial reports, or converted into one ordinary share if settled in equity.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Dufay Francis Michel Daniel

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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)	255,425	D

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
Virtual Restricted Stock Units (VRSU)	(2)	(2)	Ordinary shares	132,000	(9)	D
Virtual Restricted Stock Units (VRSU)	(3)	(3)	Ordinary shares	157,500	(9)	D
Virtual Restricted Stock Units (VRSU)	(4)	(4)	Ordinary shares	192,500	(9)	D
Virtual Restricted Stock Units (VRSU)	(5)	(5)	Ordinary shares	126,000	(9)	D
Virtual Restricted Stock Units (VRSU)	(6)	(6)	Ordinary shares	154,000	(9)	D
Virtual Restricted Stock Units (VRSU)	(7)	(7)	Ordinary shares	67,500	(9)	D
Virtual Restricted Stock Units (VRSU)	(8)	(8)	Ordinary shares	82,500	(9)	D

Explanation of Responses:

1. Each ADS represents 2 ordinary shares of Jumia Technologies AG (the "Company").

2. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2021, are subject to certain performance criteria over the applicable performance period, and will vest on December 31, 2026. They do not have an expiration date.

3. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023, are subject to certain performance criteria over the applicable performance period. The VRSUs vested on December 31, 2025. They do not have an expiration date.

4. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023, are subject to certain performance criteria over the applicable performance period, and will vest on December 31, 2027. They do not have an expiration date.

5. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023, are subject to certain performance criteria over the applicable performance period, and will vest on December 31, 2026. They do not have an expiration date.

6. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023, are subject to certain performance criteria over the applicable performance period, and will vest on December 31, 2028. They do not have an expiration date.

7. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2025, are subject to certain performance criteria over the applicable performance period, and will vest on December 31, 2027. They do not have an expiration date.

8. The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2025, are subject to certain performance criteria over the applicable performance period, and will vest on December 31, 2029. They do not have an expiration date.

9. In the case of VRSUs granted pursuant to the Virtual Restricted Stock Unit Program 2021, 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 the Company of the later of its last half-year report or its year-end report. 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 the Company of its last quarterly financial results. In each case, the Company 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 the Company.

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 does Jumia (JMIA) CEO Francis Dufay disclose in this Form 3?

He reports holding 255,425 American Depositary Shares and multiple Virtual Restricted Stock Units tied to Jumia ordinary shares. These positions reflect his existing equity-based interests as Chief Executive Officer, rather than new market purchases or sales.

How many Jumia ADSs does the CEO hold according to this Form 3?

The filing shows Francis Dufay holding 255,425 American Depositary Shares in Jumia Technologies AG. Each ADS represents two ordinary shares, giving him a substantial direct economic interest aligned with the company’s long-term performance.

What are the key features of Jumia (JMIA) Virtual Restricted Stock Units reported?

The Virtual Restricted Stock Units are granted under Jumia’s 2021, 2023 and 2025 programs. They are subject to performance criteria over defined periods, have no expiration date, and vest on various future dates, creating long-term performance-based incentives for the CEO.

When do the Jumia CEO’s VRSU awards vest under this disclosure?

Different VRSU tranches vest on specific dates, including December 31, 2025, 2026, 2027, 2028 and 2029. This staggered vesting schedule ties compensation to multi-year performance and ongoing leadership continuity at Jumia Technologies AG.

How can Jumia settle the CEO’s Virtual Restricted Stock Units?

For each VRSU, Jumia may choose to settle in cash or equity if conditions are met. Cash payments are based on the average ADS closing price after certain financial reports, or one ordinary share may be delivered per VRSU if settled in equity.

How is the VRSU payout value determined for Jumia (JMIA) awards?

For the 2021 program, each VRSU references the average ADS closing price after the later of the half-year or year-end report. For the 2023 and 2025 programs, value uses the average ADS price after the last quarterly results publication.

Does this Jumia Form 3 show any insider buying or selling activity?

No explicit buying or selling transactions are reported; entries are classified as holdings with unknown transaction codes. The Form 3 serves as an initial statement of beneficial ownership, listing the CEO’s existing ADS and VRSU positions.