Jumia (NYSE: JMIA) EVP reports VRSU awards and 299,992 ADS holdings

Rhea-AI Filing Summary

Jumia Technologies AG director and EVP Finance & Operations Antoine Maillet-Mezeray filed an initial ownership report showing equity-linked interests in the company. The filing lists several grants of Virtual Restricted Stock Units (VRSUs) over ordinary shares, with underlying amounts such as 132,000, 157,500 and other blocks. These VRSUs were granted under the company’s Virtual Restricted Stock Unit Programs from 2021, 2023 and 2025, are tied to performance criteria and vest on dates ranging from December 31, 2025 through December 31, 2029. The report also shows direct ownership of 299,992 American Depositary Shares (ADS), and each ADS represents 2 ordinary shares. The company may settle the VRSUs in cash or, at its discretion, in equity, in which case each VRSU converts into one ordinary share.

Insights

Executive compensation analyst

Routine Form 3 showing Jumia EVP’s equity-based awards and ADS stake.

The filing outlines Antoine Maillet-Mezeray’s existing equity-linked interests in Jumia Technologies AG, mainly Virtual Restricted Stock Units tied to ordinary shares plus 299,992 ADS held directly. It is an initial ownership statement, not a buy or sell transaction.

The VRSUs span multiple programs (2021, 2023, 2025) with performance conditions and vesting dates between 2025 and 2029. Each unit has a zero exercise price and can be settled in cash based on ADS prices, or, at the company’s discretion, in equity as one ordinary share per VRSU.

This structure aligns executive incentives with share performance but does not itself change the company’s financial position. Future company choices on whether to settle these VRSUs in cash or equity, as described, will determine any dilution or cash outlay, but those decisions are not specified here.

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^*

Maillet-Mezeray Antoine

(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)
	EVP Finance & Operations

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)	299,992	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 the Jumia (JMIA) Form 3 for Antoine Maillet-Mezeray show?

The Form 3 reports Antoine Maillet-Mezeray’s existing holdings in Jumia, including multiple grants of Virtual Restricted Stock Units over ordinary shares and 299,992 American Depositary Shares. It is an initial ownership statement and does not reflect new market purchases or sales.

What equity awards does Jumia EVP Maillet-Mezeray hold according to the Form 3?

He holds several blocks of Virtual Restricted Stock Units referencing ordinary shares, including awards tied to 132,000 and 157,500 underlying shares, among others. These VRSUs come from Jumia’s 2021, 2023 and 2025 Virtual Restricted Stock Unit Programs with specific performance and vesting conditions.

When do the Jumia VRSU awards for Maillet-Mezeray vest?

The VRSU awards vest on set calendar dates once performance criteria are met. The filing states vesting dates including December 31, 2025, December 31, 2026, December 31, 2027, December 31, 2028 and December 31, 2029, depending on the specific program grant involved.

How are Jumia’s VRSUs for Maillet-Mezeray settled and what can he receive?

Each VRSU entitles him, subject to conditions, to a cash amount based on the average ADS closing price over specified post-publication trading days. Jumia may instead settle in equity at its sole discretion, in which case each VRSU converts into one ordinary share of the company.

What is the relationship between Jumia ADS and ordinary shares in this Form 3?

The filing explains that each American Depositary Share represents 2 ordinary shares of Jumia Technologies AG. Maillet-Mezeray directly holds 299,992 ADS, giving him exposure to the underlying ordinary shares through this depositary share structure rather than directly holding all ordinary shares.

Do the VRSUs in Jumia’s Form 3 for Maillet-Mezeray have an expiration date?

The document states that the Virtual Restricted Stock Units granted under the 2021, 2023 and 2025 programs do not have an expiration date. Instead, they are governed by performance criteria and specific vesting dates, after which they may be settled in cash or equity as described.