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

Rhea-AI Summary

Ferrari (NYSE: RACE) reports purchases under the Euro 250 million Second Tranche of its multi‑year buyback program announced April 10, 2026. From April 20–24, 2026 the Company acquired 58,000 shares for €17,835,971.30 (average €307.5167).

Since the Second Tranche announcement through April 24, 2026, the Company invested €29,675,805.69 to buy 97,037 shares. Since Jan 5, 2026 the program totals 982,482 shares for €290,433,890.73. Treasury holdings were 17,516,708 shares (9.03%; 9.41% incl. special voting) as of April 24, 2026. Cancellation approved April 15, 2026 not yet effected.

Positive

• Second Tranche purchases: 58,000 shares for €17,835,971.30
• Since Second Tranche announcement: 97,037 shares purchased for €29,675,805.69
• Program running since Jan 5, 2026: 982,482 shares bought for €290,433,890.73
• Treasury holdings: 17,516,708 common shares (9.03% of issued shares; 9.41% incl special voting)

Negative

• Cancellation of treasury shares approved on April 15, 2026 has not yet been effectuated
• Company has deployed €290,433,890.73 to buybacks since Jan 5, 2026 (ongoing program)

News Market Reaction – RACE

-1.18%

-1.18% Session close to close

In the Apr 27 session, RACE declined 1.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Maranello (Italy), April 27, 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) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees   (€)
20/04/2026	EXM	8,000	312.3466	2,498,772.80
21/04/2026	EXM	10,000	313.1445	3,131,445.00
22/04/2026	EXM	15,000	308.2311	4,623,466.50
23/04/2026	EXM	15,000	305.3158	4,579,737.00
24/04/2026	EXM	10,000	300.2550	3,002,550.00
Total	-	58,000	307.5167	17,835,971.30

           
Since the announcement of such Second Tranche till April 24, 2026, the total invested consideration has been:

• Euro 29,675,805.69 for No. 97,037 common shares purchased on the EXM

As of April 24, 2026 the Company held in treasury No. 17,516,708 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.03% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.41% 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 April 24, 2026, the Company has purchased a total of 982,482 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 290,433,890.73.

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).

Attachment

• FNV BB PR 27 April 2026 ENG

FAQ

How many shares did Ferrari (RACE) buy under the Second Tranche on EXM between April 20–24, 2026?

Ferrari purchased 58,000 common shares on EXM from April 20–24, 2026. According to the company, the total consideration excluding fees was €17,835,971.30, with an average price of €307.5167 per share.

What is the total consideration Ferrari (RACE) invested in the buyback program since January 5, 2026?

Since January 5, 2026 Ferrari invested €290,433,890.73 in the multi‑year buyback program. According to the company, that amount covered 982,482 common shares purchased on EXM and NYSE through April 24, 2026.

As of April 24, 2026 what percentage of issued shares does Ferrari (RACE) hold in treasury?

As of April 24, 2026 Ferrari held 17,516,708 common shares in treasury, equal to 9.03% of issued common shares. According to the company, including special voting shares this equals 9.41% of issued share capital.

Has Ferrari (RACE) cancelled treasury shares following the April 15, 2026 AGM decision?

No. Cancellation approved at the April 15, 2026 AGM has not yet been effectuated. According to the company, the pending cancellation was not taken into account in the April 24, 2026 treasury share calculations.

How much of the Euro 250 million Second Tranche had Ferrari (RACE) spent by April 24, 2026?

By April 24, 2026 the Company had invested €29,675,805.69 in the Second Tranche, purchasing 97,037 shares. According to the company, these figures cover purchases reported on EXM through that date.