Jumia technology chief holds 30,000 depositary shares

Jumia may settle the performance-conditioned VRSUs in cash or equity at its sole discretion; equity settlement converts each unit into one ordinary share.

Available on EDGAR 10/29/2026 - 04:53 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:52 PM EDT

Filing Impact

(Moderate)

Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Jumia Technologies AG Chief Technology Officer Fangueiro Pedro Antonio Oliveira reported direct holdings on October 19, 2026, of 30,000 ADS and VRSUs covering 40,000 and 22,000 ordinary shares. The 40,000 VRSUs will vest on December 9, 2026, and the 22,000 VRSUs on December 15, 2027, subject to performance criteria. Subject to certain conditions, Jumia may settle the VRSUs in cash or equity at its sole discretion; each VRSU settled in equity converts into one ordinary share.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Oliveira Fangueiro Pedro Antonio

Role Chief Technology Officer

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	--	--	--

Holdings: Virtual Restricted Stock Units (VRSU) — 62,000 contracts (Direct); American Depositary Shares (ADS) — 30,000 shares (Direct)

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, are subject to certain performance criteria over the applicable performance period 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, are subject to certain performance criteria over the applicable performance period 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

ADS holdings: 30,000 ADS VRSUs covering ordinary shares: 40,000 VRSUs VRSUs covering ordinary shares: 22,000 VRSUs +2 more

5 metrics

ADS holdings 30,000 ADS Direct holdings reported October 19, 2026

VRSUs covering ordinary shares 40,000 VRSUs Will vest December 9, 2026, subject to performance criteria

VRSUs covering ordinary shares 22,000 VRSUs Will vest December 15, 2027, subject to performance criteria

ADS ratio 2 ordinary shares per ADS Each ADS represents two ordinary shares

Equity settlement conversion 1 ordinary share per VRSU If Jumia settles VRSUs in equity

Key Terms

Virtual Restricted Stock Units (VRSU), performance period, settle in equity

3 terms

Virtual Restricted Stock Units (VRSU) financial

"The VRSUs were granted pursuant to the Virtual Restricted Stock Unit Program 2023"

performance period financial

"subject to certain performance criteria over the applicable performance period"

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

settle in equity financial

"Jumia Technologies AG is entitled, at its sole discretion, to settle the VRSUs either in cash or in equity"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What holdings did JMIA's chief technology officer report?

As of October 19, 2026, Fangueiro Pedro Antonio Oliveira reported direct holdings of 30,000 ADS and VRSUs covering 40,000 and 22,000 ordinary shares. Each ADS represents two ordinary shares.

How will JMIA's VRSUs be settled?

Subject to certain conditions, each VRSU entitles the holder to a cash payment equal to the average closing price of ADSs on the first five trading days after Jumia publishes its last quarterly results. Jumia may, at its sole discretion, settle the VRSUs in cash or equity; each VRSU settled in equity converts into one ordinary share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Oliveira Fangueiro Pedro Antonio

(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)
10/19/2026

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Technology 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⁾	30,000	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Virtual Restricted Stock Units (VRSU)	⁽²⁾	⁽²⁾	Ordinary shares	40,000	⁽⁴⁾	D
Virtual Restricted Stock Units (VRSU)	⁽³⁾	⁽³⁾	Ordinary shares	22,000	⁽⁴⁾	D

Explanation of Responses:

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

2. 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 9, 2026. They do not have an expiration date.

3. 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 15, 2027. They do not have an expiration date.

4. 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.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Vanessa Connolly, Attorney-in-fact	10/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR