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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported purchases under the Euro 250 million first tranche of its multi-year Euro 3.5 billion buyback program announced Dec 16, 2025. From the program start through March 13, 2026, Ferrari bought 515,474 common shares for €154,583,519.24.

Breakdown: 435,993 shares on Euronext Milan for €130,621,412.45 and 79,481 on NYSE (USD 27,798,457.64 / €23,962,106.79 translated). Treasury stock: 17,160,080 shares (8.85% of issued shares; 9.27% including special voting shares) as of March 13, 2026.

Positive

• Completed €154.58M of buybacks through March 13, 2026
• 515,474 shares repurchased under the multi-year program
• Treasury holdings at 17,160,080 shares (8.85% of issued shares)

Negative

• First tranche uses ~44% of €250M tranche if scaled (no direct figure for unused tranche provided)

News Market Reaction – RACE

-0.24%

1 alert

-0.24% News Effect

On the day this news was published, RACE declined 0.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italy), March 16 2026 – Ferrari N.V. (NYSE/EXM: RAM;CE) (“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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
09/03/2026	12,500	293.6464	3,670,580.00	14,613	342.1448	4,999,761.96	4,326,925.11	27,113	294.9694	7,997,505.11
10/03/2026	9,500	299.1529	2,841,952.55	8,008	349.6352	2,799,878.68	2,405,187.43	17,508	299.6996	5,247,139.98
11/03/2026	11,500	298.6283	3,434,225.45	8,788	341.3462	2,999,750.41	2,590,234.35	20,288	296.9470	6,024,459.80
12/03/2026	13,500	292.6591	3,950,897.85	7,427	336.5921	2,499,869.53	2,164,951.53	20,927	292.2468	6,115,849.38
13/03/2026	14,000	291.1642	4,076,298.80	-	-	-	-	14,000	291.1642	4,076,298.80
	61,000	294.6550	17,973,954.65	38,836	342.4467	13,299,260.58	11,487,298.41	99,836	295.0965	29,461,253.06
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 13, 2026, the total invested consideration has been:

• Euro 130,621,412.45 for No. 435,993 common shares purchased on the EXM

• USD 27,798,457.64 (Euro 23,962,106.79*) for No. 79,481 common shares purchased on the NYSE.

As of March 13, 2026 the Company held in treasury No. 17,160,080 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.85% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.27% 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 13, 2026, the Company has purchased a total of 515,474 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 154,583,519.24.

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).

FAQ

How many shares did Ferrari (RACE) repurchase in the first tranche through March 13, 2026?

Ferrari repurchased 515,474 common shares through March 13, 2026. According to Ferrari, that total includes purchases on EXM and NYSE and transactions classified as Sell to Cover.

What was the total consideration Ferrari (RACE) paid for buybacks through March 13, 2026?

Total consideration amounted to €154,583,519.24 through March 13, 2026. According to Ferrari, this figure aggregates EXM and NYSE purchases and currency translations where applicable.

How many shares does Ferrari (RACE) hold in treasury after the buybacks reported on March 13, 2026?

Ferrari held 17,160,080 common shares in treasury as of March 13, 2026. According to Ferrari, this equals 8.85% of issued shares and 9.27% including special voting shares.

How much was spent on Euronext Milan (EXM) purchases for Ferrari (RACE) in the reported period?

Ferrari spent €130,621,412.45 on EXM purchases through March 13, 2026. According to Ferrari, that amount corresponds to 435,993 common shares bought on Euronext Milan.

How many shares did Ferrari (RACE) buy on the NYSE and what was the USD consideration?

Ferrari bought 79,481 shares on the NYSE for USD 27,798,457.64 (translated to €23,962,106.79). According to Ferrari, the USD amounts were converted using ECB reference rates per purchase date.

How does the reported buyback activity relate to Ferrari's multi-year €3.5 billion program?

The reported purchases are part of the first tranche of the multi-year €3.5 billion program announced at Capital Markets Day. According to Ferrari, the first tranche equals a Euro 250 million allocation announced Dec 16, 2025.