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

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported share purchases under the Euro 360 million buyback tranche announced July 31, 2025, as part of a multi-year ~Euro 2 billion program expected to complete by 2026.

From November 10–14, 2025 the Company executed purchases on Euronext Milan and the New York Stock Exchange totaling 85,615 shares for a combined consideration of Euro 30,912,125.50 (daily aggregated reporting). Since the start of the Eighth Tranche through November 14, 2025, Ferrari invested Euro 254,188,947.06 for 674,942 shares on EXM and USD 67,416,129.84 (Euro 57,869,877.16) for 154,045 shares on NYSE.

Since July 1, 2022 through November 14, 2025, total buybacks amount to 5,840,007 common shares for Euro 1,954,628,521.58. Ferrari holds 16,503,282 treasury shares (8.51% of issued common shares; 9.01% including special voting shares).

Positive

• Multi-year buyback target of ~€2.0B (expected by 2026) remains active
• Total buyback spend since July 1, 2022: €1,954,628,521.58
• Treasury holding: 16,503,282 common shares (8.51% of issued common shares)
• Eighth Tranche invested: €254,188,947.06 on EXM and €57,869,877.16 (converted) on NYSE

Negative

• None.

News Market Reaction – RACE

-2.82%

-2.82% Session close to close

In the Nov 17 session, RACE declined 2.82%, reflecting a moderate negative market reaction.

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), November 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 360 million share buyback program announced on July 31, 2025, as the eighth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Eighth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

	EXM			NYSE				Total
Trading	Number of common shares purchased	Average price per share	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees
Date		excluding fees			excluding fees				excluding fees
(d/m/y)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
10/11/2025	9,100	357.2461	3,250,939.51	7,262	413.0474	2,999,550.22	2,592,299.90	16,362	357.1226	5,843,239.41
11/11/2025	5,450	359.1975	1,957,626.38	7,108	422.0205	2,999,721.71	2,591,552.24	12,558	362.2534	4,549,178.61
12/11/2025	200	370.1000	74,020.00	5,887	424.6288	2,499,789.75	2,159,459.01	6,087	366.9261	2,233,479.01
13/11/2025	20,900	364.2015	7,611,811.35	5,964	419.1663	2,499,907.81	2,151,568.82	26,864	363.4373	9,763,380.17
14/11/2025	16,563	359.0893	5,947,596.08	7,181	417.7209	2,999,653.78	2,575,252.22	23,744	358.9475	8,522,848.29
	52,213	360.8679	18,841,993.31	33,402	419.0954	13,998,623.27	12,070,132.19	85,615	361.0597	30,912,125.50
Total

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Eighth Tranche till November 14, 2025, the total invested consideration has been:

• Euro 254,188,947.06 for No. 674,942 common shares purchased on the EXM
• USD 67,416,129.84 (Euro 57,869,877.16*) for No. 154,045 common shares purchased on the NYSE.

As of November 14, 2025, the Company held in treasury No. 16,503,282 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.51% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.01% of the total issued share capital.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until November 14, 2025, the Company has purchased a total of 5,840,007 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,954,628,521.58.

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
tel.: +39 0536 949337
Email: media@ferrari.com

Attachments

• FNV BB PR 17 November 2025 ENG
• FNV BB PR 17 November 2025 ENG

FAQ

What did Ferrari (RACE) disclose on November 17, 2025 about its buyback program?

Ferrari reported purchases under the Eighth Tranche of a multi-year ~€2.0B buyback, listing daily aggregated trades from Nov 10–14, 2025 and cumulative totals to Nov 14, 2025.

How many shares has Ferrari (RACE) repurchased since July 1, 2022 through Nov 14, 2025?

Ferrari repurchased a total of 5,840,007 common shares for €1,954,628,521.58 during that period.

How much did Ferrari (RACE) spend on the Eighth Tranche buybacks through Nov 14, 2025?

Through Nov 14, 2025 Ferrari invested €254,188,947.06 on EXM and USD 67,416,129.84 (Euro €57,869,877.16) on NYSE for the Eighth Tranche.

How many treasury shares does Ferrari (RACE) hold after the latest purchases?

As of Nov 14, 2025 Ferrari held 16,503,282 treasury common shares, equal to 8.51% of issued common shares (9.01% including special voting shares).

Where can investors find details of Ferrari's (RACE) buyback transactions and program status?

A comprehensive overview and transaction details are available on Ferrari's corporate website under the Buyback Programs section.