Pedro Antonio Oliveira Fangueiro, Chief Technology Officer of Jumia Technologies AG, filed a Form 3 Initial Statement of Beneficial Ownership on October 29, 2026, reporting holdings as of the event date of October 19, 2026.

Key Highlights

  • Reporting person: Pedro Antonio Oliveira Fangueiro, identified as Chief Technology Officer of Jumia Technologies AG (NYSE:JMIA).
  • ADS position: 30,000 American Depositary Shares held directly, with each ADS representing 2 ordinary shares, according to the filing.
  • 2023 VRSU grant: 40,000 Virtual Restricted Stock Units granted under the Virtual Restricted Stock Unit Program 2023, subject to performance criteria and scheduled to vest December 9, 2026.
  • 2025 VRSU grant: 22,000 Virtual Restricted Stock Units granted under the Virtual Restricted Stock Unit Program 2025, subject to performance criteria and scheduled to vest December 15, 2027.
  • Settlement terms: Each VRSU entitles the holder to a cash payment based on ADS closing prices, though Jumia Technologies AG retains sole discretion to settle in cash or equity.

Jumia CTO's Initial Beneficial Ownership: ADS and VRSU Details

According to the Form 3 filing, Pedro Antonio Oliveira Fangueiro reported an initial statement of beneficial ownership triggered by an event date of October 19, 2026. The filing was submitted on October 29, 2026, by Vanessa Connolly as attorney-in-fact under a Power of Attorney (Exhibit 24.1). Fangueiro's address is listed as c/o Jumia Technologies AG, Skalitzer Strasse 104, Berlin, Germany.

In Table I, the filing discloses 30,000 American Depositary Shares held directly. The filing notes that each ADS represents 2 ordinary shares of Jumia Technologies AG. In Table II, two tranches of Virtual Restricted Stock Units (VRSUs) are reported. The first tranche, 40,000 VRSUs granted under the Virtual Restricted Stock Unit Program 2023, is subject to certain performance criteria and, according to the filing, "will vest on December 9, 2026." The second tranche, 22,000 VRSUs granted under the Virtual Restricted Stock Unit Program 2025, is similarly subject to performance criteria and is scheduled to "vest on December 15, 2027." The filing states that neither VRSU tranche has an expiration date.

Regarding settlement, the filing states that 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." However, the filing also notes that Jumia Technologies AG is "entitled, at its sole discretion, to settle the VRSUs either in cash or in equity," and that if settled in equity, "each VRSU would be converted into one ordinary share of Jumia Technologies AG." All VRSU holdings are reported as directly owned.

What Was Disclosed

The filing is a Form 3 initial beneficial ownership statement by Jumia Technologies AG's Chief Technology Officer, reporting 30,000 ADS directly held and two VRSU grants totaling 62,000 units, with vesting dates in 2026 and 2027, respectively.