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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported activity under its buyback program: a €250 million first tranche within a multi-year ~€3.5 billion program expected to run to 2030. From Feb 9–13, 2026 the company bought 30,293 shares for €9,235,865.37.

Since Jan 5, 2026 through Feb 13, 2026 Ferrari has purchased 276,643 shares for €81,975,746.99. As of Feb 13, 2026 the company held 16,921,249 treasury shares, equal to 8.73% of issued common shares (9.18% including special voting shares).

Positive

• Multi-year buyback program totaling approximately €3.5B through 2030
• Initial tranche of €250M announced Dec 16, 2025
• Total purchases since Jan 5, 2026: 276,643 shares for €81,975,746.99
• Treasury holdings: 16,921,249 shares representing 8.73% of issued common shares

Negative

• Treasury stake of 8.73% reduces public float available to investors
• €81.98M deployed to date from the €250M tranche reduces near-term liquidity reserves

Maranello (Italy), February 16 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 (€)
09/02/2026	EXM	10,000	280.9261	2,809,261.00
10/02/2026	EXM	3,588	289.4664	1,038,605.44
11/02/2026	EXM	5,397	316.5043	1,708,173.71
12/02/2026	EXM	4,889	326.7930	1,597,690.98
13/02/2026	EXM	6,419	324.3705	2,082,134.24
Total	-	30,293	304.8845	9,235,865.37

        
Since the announcement of such First Tranche till February 13, 2026, the total invested consideration has been:

• Euro 81,975,746.99 for No. 276,643 common shares purchased on the EXM
  
  

As of February 13, 2026 the Company held in treasury No. 16,921,249 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.73% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.18% 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 13, 2026, the Company has purchased a total of 276,643 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 81,975,746.99.

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

Attachment

• FNV BB PR 16 February 2026 ENG

FAQ

What did Ferrari (RACE) announce on February 16, 2026 about its buyback program?

Ferrari reported purchases under a €250 million first tranche within a ~€3.5 billion buyback program through 2030. According to the company, transactions from Feb 9–13 added 30,293 shares, and total program purchases since Jan 5 reached 276,643 shares.

How many shares did Ferrari (RACE) buy on Euronext Milan between Feb 9 and Feb 13, 2026?

Ferrari purchased 30,293 common shares on EXM between Feb 9–13, 2026. According to the company, those trades had an average price of €304.8845 and total consideration of €9,235,865.37.

How much has Ferrari (RACE) spent on buybacks since January 5, 2026?

Since Jan 5, 2026 Ferrari invested €81,975,746.99 to repurchase a total of 276,643 shares across EXM and NYSE. According to the company, this figure includes transactions executed for Sell to Cover under the program.

What percentage of Ferrari (RACE) shares does the company hold in treasury as of Feb 13, 2026?

As of Feb 13, 2026 Ferrari held 16,921,249 treasury shares, equal to 8.73% of issued common shares. According to the company, including special voting shares the holding equals 9.18% of total issued share capital.

What is the size and timeline of Ferrari's (RACE) overall buyback program announced at Capital Markets Day 2025?

The program is approximately €3.5 billion expected to be executed by 2030, with a disclosed first tranche of €250 million. According to the company, the first tranche began trading activity in early 2026 and continues to be executed on EXM and NYSE.