Hesham Mohamed Fakhry Mahmoud ElGabry, Chief Commercial Officer of Jumia Technologies AG, filed an amended initial statement of beneficial ownership on November 2, 2026, correcting a clerical error in the Power of Attorney exhibit and footnotes from the original filing dated October 29, 2026.

Key Highlights

  • Reporting person: ElGabry Hesham Mohamed Fakhry Mahmoud, Chief Commercial Officer of Jumia Technologies AG (NYSE:JMIA)
  • Direct ADS holdings: 77,110 American Depositary Shares held directly, with an additional 101 ADS held indirectly by spouse
  • VRSU grant (2023 program): 56,000 Virtual Restricted Stock Units vesting December 9, 2026, underlying ordinary shares, held directly
  • VRSU grant (2025 program): 28,000 Virtual Restricted Stock Units vesting December 15, 2027, underlying ordinary shares, held directly
  • Purpose of amendment: Filed solely to correct a clerical error in Exhibit 24.1 (Power of Attorney) and the explanations in footnotes 2 and 3; all other original disclosures remain unchanged
  • Event date: The date of the event requiring the statement was October 19, 2026

ElGabry's Ownership Position and VRSU Terms at Jumia Technologies

According to the filing, ElGabry holds 77,110 American Depositary Shares directly and 101 ADS indirectly through his spouse, for a combined total of 77,211 ADS. Each ADS represents 2 ordinary shares of Jumia Technologies AG, the pan-African e-commerce and technology platform listed on NYSE:JMIA. Jumia operates an online marketplace and logistics network across multiple African markets, with its registered office in Berlin, Germany.

In addition to his ADS holdings, the filing discloses two tranches of Virtual Restricted Stock Units. The first tranche, granted under the Virtual Restricted Stock Unit Program 2023, covers 56,000 VRSUs scheduled to vest on December 9, 2026. The second tranche, granted under the Virtual Restricted Stock Unit Program 2025, covers 28,000 VRSUs vesting on December 15, 2027. Neither tranche carries an expiration date, according to the filing.

The filing explains 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." The filing further notes that Jumia Technologies AG retains the right, "at its sole discretion, to settle the VRSUs either in cash or in equity," and that equity settlement would convert each VRSU into one ordinary share of Jumia Technologies AG. The amendment was signed by Vanessa Connolly as attorney-in-fact on November 2, 2026.

What Was Disclosed

This amended filing discloses the initial beneficial ownership of Jumia Technologies AG's Chief Commercial Officer, covering 77,211 ADS in total and 84,000 VRSUs across two grant programs, with the amendment correcting only a clerical error in the Power of Attorney exhibit and two footnotes.