Hesham Mohamed Fakhry Mahmoud ElGabry, Chief Commercial Officer of Jumia Technologies AG, filed an initial statement of beneficial ownership with the SEC on October 29, 2026, reflecting securities held as of the triggering event date of October 19, 2026.

Key Highlights

  • Reporting person: ElGabry is identified in the filing as Chief Commercial Officer of Jumia Technologies AG (NYSE:JMIA).
  • Direct ADS holdings: ElGabry directly owns 77,110 American Depositary Shares, with each ADS representing 2 ordinary shares of Jumia Technologies AG, according to the filing.
  • Indirect ADS holdings: An additional 101 ADSs are held indirectly by ElGabry's spouse, as disclosed in the filing.
  • 2023 VRSU grant: 56,000 Virtual Restricted Stock Units granted under the Virtual Restricted Stock Unit Program 2023 are set to vest on December 9, 2026, subject to certain performance criteria.
  • 2025 VRSU grant: 28,000 Virtual Restricted Stock Units granted under the Virtual Restricted Stock Unit Program 2025 are set to vest on December 15, 2027, subject to certain performance criteria.
  • Settlement flexibility: The filing states that Jumia Technologies AG may settle VRSUs in cash or in equity at its sole discretion, with equity settlement converting each VRSU into one ordinary share.

ElGabry's Initial Holdings in Jumia as of October 19, 2026

According to the filing, ElGabry reported direct beneficial ownership of 77,110 American Depositary Shares of Jumia Technologies AG, listed on the NYSE under the ticker JMIA. He also disclosed an indirect holding of 101 ADSs held by his spouse. The filing notes that each ADS represents 2 ordinary shares of Jumia Technologies AG, an e-commerce platform operating primarily across African markets.

In Table II, the filing records two separate grants of Virtual Restricted Stock Units. The first, issued under the Virtual Restricted Stock Unit Program 2023, covers 56,000 units underlying ordinary shares and is scheduled to vest on December 9, 2026. The second, under the Virtual Restricted Stock Unit Program 2025, covers 28,000 units and is scheduled to vest on December 15, 2027. Both grants are subject to certain performance criteria over their respective performance periods and are reported as directly owned.

The filing further explains that each VRSU, upon settlement, 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 of Jumia's last quarterly financial results. Jumia Technologies AG retains the sole discretion to settle VRSUs in cash or in equity. If settled in equity, each VRSU converts into one ordinary share of Jumia Technologies AG. Neither VRSU grant carries an expiration date, according to the filing's explanatory notes.

What Was Disclosed

This filing is an initial statement of beneficial ownership disclosing ElGabry's direct and indirect ADS holdings and two separate VRSU grants under Jumia's 2023 and 2025 programs, filed on October 29, 2026, with an event date of October 19, 2026.