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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported buyback activity under its Euro 250 million first tranche of a multi-year ~Euro 3.5 billion program. From 16–20 Feb 2026 Ferrari purchased 31,000 shares on Euronext Milan for €9,705,104.20.

Since 5 Jan 2026 the Company bought 307,643 shares for €91,680,851.19; treasury holdings total 16,952,249 common shares (8.74% of issued common shares; 9.19% including special voting shares).

Positive

• 31,000 shares purchased on EXM during 16–20 Feb 2026 for €9,705,104.20
• Total of 307,643 shares acquired since 5 Jan 2026 for €91,680,851.19
• Treasury holdings equal 16,952,249 common shares, representing 8.74% of issued common shares

Negative

• None.

News Market Reaction – RACE

-2.32%

25 alerts

-2.32% Session close to close

$66.97B Market Cap

0.3x Rel. Volume

In the Feb 23 session, RACE declined 2.32%, reflecting a moderate negative market reaction. Our momentum scanner triggered 25 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Maranello (Italy), February 23 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 December 16, 2025, as the first 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 “First 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   (€)
16/02/2026	EXM	5,500	320.1390	1,760,764.50
17/02/2026	EXM	6,000	316.9464	1,901,678.40
18/02/2026	EXM	6,500	311.9182	2,027,468.30
19/02/2026	EXM	6,500	308.3250	2,004,112.50
20/02/2026	EXM	6,500	309.3970	2,011,080.50
Total	-	31,000	313.0679	9,705,104.20

Since the announcement of such First Tranche till February 20, 2026, the total invested consideration has been:

• Euro 91,680,851.19 for No. 307,643 common shares purchased on the EXM

As of February 20, 2026 the Company held in treasury No. 16,952,249 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.74% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.19% of the total issued share capital.

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 February 20, 2026, the Company has purchased a total of 307,643 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 91,680,851.19.

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).

Attachment

• FNV 2025 20-F and AR Filing PR 19.2.26 ENG

FAQ

How many shares did Ferrari (RACE) buy between 16 and 20 February 2026?

Ferrari bought 31,000 common shares on Euronext Milan between 16–20 Feb 2026. According to the company, the purchases had an average price of €313.0679 per share and total consideration of €9,705,104.20.

What is the total number and cost of shares Ferrari (RACE) purchased since 5 January 2026?

Since 5 Jan 2026 Ferrari purchased 307,643 common shares for a total of €91,680,851.19. According to the company, this includes transactions on EXM and NYSE and Sell to Cover operations.

What percentage of Ferrari (RACE) shares does the company hold in treasury as of 20 February 2026?

As of 20 Feb 2026 Ferrari held 16,952,249 common shares in treasury, equal to 8.74% of issued common shares. According to the company, including special voting shares this equals 9.19% of issued share capital.

How large is the first tranche of Ferrari's buyback and the multi-year program (RACE)?

The first tranche announced Dec 16, 2025 is part of a €250 million tranche within a multi-year ~€3.5 billion program through 2030. According to the company, the program aligns with disclosures from its 2025 Capital Markets Day.

Where can investors find detailed transaction information for Ferrari's (RACE) buyback program?

Investors can find a comprehensive overview on Ferrari's corporate website under the Buyback Programs section. According to the company, the site lists daily and aggregate transaction details for the program.