FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Rhea-AI Summary

Ferrari (NYSE: RACE) reported share purchases under its Euro 250 million Second Tranche buyback announced April 10, 2026. From 27–30 April 2026 Ferrari bought 44,782 shares on EXM for €13,123,742.12 (average €293.0584).

Since the Second Tranche announcement through May 1, 2026 the Company invested €42,799,547.81 to purchase 141,819 shares. Since Jan 5, 2026 the multi-year program reached 1,027,264 shares for €303,557,632.86. As of May 1, 2026 Ferrari held 17,561,490 treasury shares (9.06% of issued common shares; 9.42% including special voting shares). The AGM-approved cancellation of treasury shares has not yet been effected.

AI-generated analysis. Not financial advice.

Positive

• Second Tranche purchases: 44,782 shares for €13,123,742.12
• Since announcement: 141,819 shares bought for €42,799,547.81
• Program-to-date: 1,027,264 shares purchased for €303,557,632.86
• Treasury holding: 17,561,490 shares (=9.06% of issued common shares)

Negative

• AGM-approved treasury share cancellation not yet effectuated
• Treasury shares equal 9.42% of issued share capital including special voting shares

News Market Reaction – RACE

-0.69%

6 alerts

-0.69% News Effect

-$400M Valuation Impact

$57.63B Market Cap

0.9x Rel. Volume

On the day this news was published, RACE declined 0.69%, reflecting a mild negative market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $400M from the company's valuation, bringing the market cap to $57.63B at that time.

Data tracked by StockTitan Argus on the day of publication.

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Maranello (Italy), May 4, 2026 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on April 10, 2026, as the second tranche of the multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030 in line with the disclosure made during the 2025 Capital Markets Day (the “Second Tranche”), the additional common shares - reported in aggregate form, on a daily basis on the Euronext Milan (EXM) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees (€)
27/04/2026	EXM	14,000	297.8245	4,169,543.00
28/04/2026	EXM	12,279	294.0352	3,610,458.22
29/04/2026	EXM	14,000	289.4002	4,051,602.80
30/04/2026	EXM	4,503	286.9505	1,292,138.10
Total	-	44,782	293.0584	13,123,742.12

        
Since the announcement of such Second Tranche till May 1, 2026, the total invested consideration has been:

• Euro 42,799,547.81 for No. 141,819 common shares purchased on the EXM
  
  

As of May 1, 2026 the Company held in treasury No. 17,561,490 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.06% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.42% of the then total issued share capital. For the avoidance of doubt, the cancellation of treasury shares, as approved by the Annual General Meeting of Shareholders of the Company held on April 15, 2026, has not yet been effectuated and therefore has not been taken into account for such calculations.

Since January 5, 2026, start date of the multi-year share buyback program of approximately Euro 3.5 billion announced during the 2025 Capital Markets Day, until May 1, 2026, the Company has purchased a total of 1,027,264 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 303,557,632.86.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

For further information:
Media Relations
Email: media@ferrari.com

Attachment

• FNV BB PR 4 May 2026 ENG

FAQ

How many shares did Ferrari (RACE) buy in the April 27–30, 2026 window?

Ferrari bought 44,782 shares on EXM between April 27–30, 2026. According to the company, those trades had an average price of €293.0584, for a total consideration of €13,123,742.12 reported in aggregate.

What is the total Ferrari (RACE) investment under the Second Tranche buyback through May 1, 2026?

Through May 1, 2026 Ferrari invested €42,799,547.81 in the Second Tranche buyback. According to the company, that consideration purchased 141,819 common shares on EXM since the tranche announcement.

How many shares has Ferrari (RACE) repurchased since the program start on January 5, 2026?

Since January 5, 2026 Ferrari repurchased 1,027,264 common shares on EXM and NYSE. According to the company, the cumulative consideration for these purchases is €303,557,632.86, including Sell to Cover transactions.

What percentage of Ferrari (RACE) shares does the company hold in treasury as of May 1, 2026?

As of May 1, 2026 Ferrari held 17,561,490 treasury shares, equal to 9.06% of issued common shares. According to the company, including special voting shares the holding equals 9.42% of issued share capital.

Has Ferrari (RACE) cancelled the treasury shares approved at the April 15, 2026 AGM?

No, the cancellation approved at the April 15, 2026 AGM had not been effectuated as of May 1, 2026. According to the company, the pending cancellation is therefore not included in the reported percentages.