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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported buyback activity under its multi-year repurchase program. On 02/12/2025 the Company purchased 6,478 common shares on the NYSE at an average price of $385.8704 for a consideration of $2,499,668.45 (≈€2,152,289.01).

Since the Eighth Tranche announcement, total consideration invested through 08/12/2025 reached €279,999,967.33 for 750,046 shares on EXM and USD 87,413,630.29 (≈€75,140,068.28) for 204,866 shares on NYSE. As of 08/12/2025 Ferrari held 16,629,207 treasury shares (8.58% of issued; 9.06% including special voting shares). Since 01/07/2022 total buybacks equal 5,965,932 shares for €1,997,709,732.97.

Positive

• Eighth tranche purchase: 6,478 shares on NYSE (02/12/2025)
• Eighth tranche consideration: $2,499,668.45 (≈€2,152,289.01)
• EXM Eighth tranche investment: €279,999,967.33 for 750,046 shares
• Buyback program total: 5,965,932 shares for €1,997,709,732.97 since 01/07/2022

Negative

• Remaining to €2.0B target: ≈€2,290,267.03 unspent under multi-year program
• Treasury common shares: 16,629,207 (8.58% of issued) as of 08/12/2025

Maranello (Italy), December 9, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 360 million share buyback program announced on July 31, 2025, as the eighth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Eighth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the New York Stock Exchange (NYSE) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees ($)	Consideration excluding fees ($)	Consideration excluding fees (€)
02/12/2025	NYSE	6,478	385.8704	2,499,668.45	2,152,289.01
Total	-	6,478	385.8704	2,499,668.45	2,152,289.01

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Eighth Tranche till December 8, 2025, the total invested consideration has been:

• Euro 279,999,967.33 for No. 750,046 common shares purchased on the EXM (equal to the full amount of the Eighth Tranche to be executed on EXM as announced on July 31, 2025)
• USD 87,413,630.29 (Euro 75,140,068.28*) for No. 204,866 common shares purchased on the NYSE.

As of December 8, 2025, the Company held in treasury No. 16,629,207 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.58% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.06% of the total issued share capital.

Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until December 8, 2025, the Company has purchased a total of 5,965,932 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,997,709,732.97.

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 9 December 2025 ENG

FAQ

How many shares did Ferrari (RACE) buy on 02/12/2025 and at what price?

Ferrari purchased 6,478 shares on 02/12/2025 at an average price of $385.8704 per share.

What is the total consideration invested in the Eighth Tranche for Ferrari (RACE) through 08/12/2025?

Through 08/12/2025 the Eighth Tranche invested €279,999,967.33 on EXM and USD 87,413,630.29 (≈€75,140,068.28) on NYSE.

How many treasury shares does Ferrari (RACE) hold as of 08/12/2025 and what percent of issued shares is that?

As of 08/12/2025 Ferrari held 16,629,207 treasury common shares, equal to 8.58% of issued common shares (9.06% including special voting shares).

How much has Ferrari (RACE) spent on its multi-year buyback program since 01/07/2022?

Since 01/07/2022 Ferrari purchased 5,965,932 shares for a total consideration of €1,997,709,732.97.

What is the remaining amount to reach Ferrari's ~€2 billion buyback target (RACE)?

Based on the reported total of €1,997,709,732.97, approximately €2,290,267.03 remains to reach the ~€2 billion target.