An amended initial beneficial ownership statement for Pedro Antonio Oliveira Fangueiro, Chief Technology Officer of Jumia Technologies AG, was filed with the SEC on November 2, 2026, correcting a clerical error in the Power of Attorney and footnotes from the original filing dated October 29, 2026.

Key Highlights

  • Reporting person: Pedro Antonio Oliveira Fangueiro, identified as Chief Technology Officer of Jumia Technologies AG
  • Direct ADS holdings: 30,000 American Depositary Shares held directly, with each ADS representing 2 ordinary shares
  • VRSU grant (2023 program): 40,000 Virtual Restricted Stock Units vesting on December 9, 2026, with no expiration date
  • VRSU grant (2025 program): 22,000 Virtual Restricted Stock Units vesting on December 15, 2027, with no expiration date
  • Amendment purpose: Filed solely to correct a clerical error in Exhibit 24.1 and footnotes 2 and 3; all other original disclosures remain unchanged
  • Event date: The date of the event requiring the statement was October 19, 2026

Jumia Technologies CTO Beneficial Ownership Details and VRSU Settlement Terms

According to the filing, Jumia Technologies AG (NYSE:JMIA) is an e-commerce platform operator headquartered in Berlin, Germany. Pedro Antonio Oliveira Fangueiro, the company's Chief Technology Officer, directly holds 30,000 American Depositary Shares, each of which represents 2 ordinary shares of Jumia Technologies AG, as disclosed in Table I of the filing.

Table II of the filing reports two separate tranches of Virtual Restricted Stock Units. The first tranche of 40,000 VRSUs was granted under the Virtual Restricted Stock Unit Program 2023 and is scheduled to vest on December 9, 2026. The second tranche of 22,000 VRSUs was granted under the Virtual Restricted Stock Unit Program 2025 and will vest on December 15, 2027. Neither tranche carries an expiration date, according to the filing.

The filing explains that each VRSU, upon vesting and subject to certain conditions, 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 states that Jumia Technologies AG retains the right, "at its sole discretion, to settle the VRSUs either in cash or in equity," and that if settled in equity, each VRSU would convert into one ordinary share of the company.

What Was Disclosed

This amended filing discloses the initial beneficial ownership position of Jumia Technologies AG's Chief Technology Officer, covering 30,000 ADS held directly plus two tranches of VRSUs totaling 62,000 units underlying ordinary shares. The amendment corrected a clerical error in the Power of Attorney exhibit and in footnotes 2 and 3, with all other previously reported information left unchanged.