Ferrari (NYSE:RACE) reported progress on its Euro 250 million Second Tranche share buyback program, part of a multi-year Euro 3.5 billion plan expected by 2030.
Between 22–26 June 2026, Ferrari repurchased 62,641 shares for about Euro 19.11 million, bringing total 2026 program purchases to 1,457,105 shares for Euro 428.84 million.
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62,641 shares repurchased 22–26 June 2026 for about €19.11 million
Second Tranche totals 571,660 shares for roughly €168.08 million equivalent
2026 buyback program to date: 1,457,105 shares for €428.84 million
Treasury holding 17,991,331 shares, 9.28% of issued common shares
AGM approved cancellation of treasury shares on April 15, 2026
Maranello (Italy), June 29, 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) 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)
(€)
(€)
($)
($)
(€)*
(€)*
(€)*
22/06/2026
10,000
305.8022
3,058,022.00
10,026
349.0887
3,499,963.31
3,055,135.57
20,026
305.2610
6,113,157.57
23/06/2026
25,000
303.2691
7,581,727.50
8,696
344.9747
2,999,899.99
2,633,339.18
33,696
303.1537
10,215,066.68
24/06/2026
1,821
304.9453
555,305.39
-
-
-
-
1,821
304.9453
555,305.39
25/06/2026
2,010
306.7419
616,551.22
-
-
-
-
2,010
306.7419
616,551.22
26/06/2026
2,366
309.7923
732,968.58
2,722
367.3591
999,951.47
877,073.48
5,088
316.4391
1,610,042.06
41,197
304.5021
12,544,574.69
21,444
349.7395
7,499,814.77
6,565,548.22
62,641
305.0737
19,110,122.91
Total
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Second Tranche till June 26, 2026, the total invested consideration has been:
Euro 137,925,977.76 for No. 468,979 common shares purchased on the EXM
USD 34,998,176.45 (Euro 30,154,155.60*) for No. 102,681 common shares purchased on the NYSE.
As of June 26, 2026 the Company held in treasury No. 17,991,331 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.28% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.59% 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 June 26, 2026, the Company has purchased a total of 1,457,105 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 428,838,218.38.
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).
What did Ferrari (NYSE:RACE) announce in its June 29, 2026 buyback update?
Ferrari reported recent purchases under its Euro 250 million Second Tranche share buyback. According to Ferrari, 62,641 shares were repurchased between 22–26 June 2026 for about Euro 19.11 million, within a broader Euro 3.5 billion multi-year program.
How many Ferrari (RACE) shares were bought back in the week of June 22–26, 2026?
Ferrari bought back 62,641 common shares during 22–26 June 2026. According to Ferrari, the consideration was approximately Euro 19.11 million, at an average price of about Euro 305.07 per share across Euronext Milan and NYSE trading venues.
What is the size of Ferrari’s Second Tranche share buyback program in 2026?
The Second Tranche is a Euro 250 million share buyback program. According to Ferrari, it is part of a multi-year Euro 3.5 billion buyback expected to be executed by 2030, following guidance from the 2025 Capital Markets Day.
How many Ferrari (RACE) shares has the company repurchased in 2026 so far?
Since January 5, 2026, Ferrari has repurchased 1,457,105 own common shares on EXM and NYSE. According to Ferrari, the total consideration for these transactions under the multi-year buyback program is Euro 428,838,218.38.
What percentage of its shares does Ferrari hold in treasury as of June 26, 2026?
As of June 26, 2026, Ferrari holds 17,991,331 common shares in treasury. According to Ferrari, this represents 9.28% of total issued common shares, or 9.59% of total issued share capital including special voting shares.
How much has Ferrari invested in the Second Tranche buyback on EXM and NYSE?
Ferrari has invested Euro 137,925,977.76 for 468,979 shares on EXM in the Second Tranche. According to Ferrari, it also spent USD 34,998,176.45 (Euro 30,154,155.60*) for 102,681 shares on the NYSE up to June 26, 2026.
Has Ferrari cancelled any treasury shares approved at the April 15, 2026 AGM?
Ferrari’s shareholders approved the cancellation of treasury shares on April 15, 2026. According to Ferrari, this cancellation has not yet been effectuated and has therefore not been included in the current treasury share calculations.
