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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported buyback activity under the Euro 250 million first tranche of a multi-year Euro 3.5 billion program announced December 16, 2025. Between January 5 and March 20, 2026 the company purchased 629,741 shares for €187,125,074.70.

Since the First Tranche start, Ferrari bought No. 514,493 shares on EXM for €152,977,963.50 and No. 115,248 shares on NYSE for USD 39,497,800.07 (≈ €34,147,111.20). As of March 20, 2026 Ferrari held 17,274,347 treasury shares (8.91% of issued common shares; 9.31% including special voting shares).

Positive

• Progress toward €3.5B program: €187.13M purchased to date
• Treasury stake of 8.91% reduces public float and may support EPS
• Execution across markets: 629,741 shares bought on EXM and NYSE

Negative

• Cash deployed of €187.13M limits near-term liquidity for other investments
• Treasury holdings 9.31% including special voting shares may affect free float and liquidity

News Market Reaction – RACE

+4.62%

9 alerts

+4.62% News Effect

+$2.46B Valuation Impact

$55.65B Market Cap

0.0x Rel. Volume

On the day this news was published, RACE gained 4.62%, reflecting a moderate positive market reaction. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $2.46B to the company's valuation, bringing the market cap to $55.65B at that time.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italy), March 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) 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
16/03/2026	16,000	287.4656	4,599,449.60	15,007	333.1659	4,999,820.66	4,356,003.36	31,007	288.8204	8,955,452.96
17/03/2026	13,000	292.2332	3,799,031.60	-	-	-	-	13,000	292.2332	3,799,031.60
18/03/2026	15,500	290.8617	4,508,356.35	8,086	333.8920	2,699,850.71	2,347,696.27	23,586	290.6831	6,856,052.62
19/03/2026	17,000	280.8110	4,773,787.00	12,674	315.5808	3,999,671.06	3,481,304.78	29,674	278.1928	8,255,091.78
20/03/2026	17,000	275.0545	4,675,926.50	-	-	-	-	17,000	275.0545	4,675,926.50
	78,500	284.7968	22,356,551.05	35,767	327.0988	11,699,342.43	10,185,004.41	114,267	284.7852	32,541,555.46
Total

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such First Tranche till March 20, 2026, the total invested consideration has been:

• Euro 152,977,963.50 for No. 514,493 common shares purchased on the EXM
• USD 39,497,800.07 (Euro 34,147,111.20*) for No. 115,248 common shares purchased on the NYSE.

As of March 20, 2026 the Company held in treasury No. 17,274,347 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.91% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.31% 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 March 20, 2026, the Company has purchased a total of 629,741 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 187,125,074.70.

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 23 March 2026 ENG

FAQ

How many shares did Ferrari (RACE) buy under the first tranche by March 20, 2026?

Ferrari purchased 629,741 own common shares by March 20, 2026. According to the company, that total includes transactions on Euronext Milan and NYSE and covers purchases since the January 5, 2026 start of the program.

How much has Ferrari (RACE) spent on buybacks through March 20, 2026?

Ferrari spent €187,125,074.70 on buybacks through March 20, 2026. According to the company, that figure aggregates EXM and NYSE purchases, including Sell to Cover transactions executed under the program.

What percentage of Ferrari (RACE) shares are held in treasury as of March 20, 2026?

As of March 20, 2026 Ferrari held 17,274,347 treasury shares, equal to 8.91% of issued common shares. According to the company, including special voting shares the holding equals 9.31% of total issued capital.

What markets did Ferrari (RACE) execute buybacks on in March 2026?

Buybacks were executed on Euronext Milan (EXM) and the New York Stock Exchange (NYSE) in March 2026. According to the company, daily aggregated transactions on both exchanges are summarized through March 20, 2026.

How does the March 2026 activity relate to Ferrari's €3.5 billion buyback plan?

The March 2026 purchases represent the first tranche toward a multi-year €3.5 billion program announced at the 2025 Capital Markets Day. According to the company, €187.13M has been executed so far against that target.