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

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported progress on its Euro 250 million Second Tranche share buyback program, part of a multi-year approximately Euro 3.5 billion buyback expected to run to 2030. Between July 20 and July 24, 2026, Ferrari repurchased 57,800 shares on Euronext Milan for Euro 18,574,242.14 at an average price of Euro 321.3537 per share.

Since the Second Tranche announcement through July 24, 2026, Ferrari has invested Euro 183,382,810.21 for 608,711 shares on EXM and USD 40,797,556.26 (Euro 35,241,239.97) for 118,319 shares on the NYSE. As of that date, it held 1,502,095 treasury shares (0.85% of issued common shares; 0.64% of total share capital including special voting shares). Since January 5, 2026, total buybacks reached 1,612,475 shares for Euro 479,382,135.21.

Positive

• Euro 18.57m spent to repurchase 57,800 shares on EXM (July 20–24, 2026)
• Second Tranche progress: 727,030 shares bought on EXM and NYSE combined
• Treasury position at July 24, 2026: 1,502,095 shares, 0.85% of issued commons
• Since Jan 5, 2026, buybacks total Euro 479.38m for 1,612,475 shares

Negative

• Share repurchases since Jan 5, 2026 used Euro 479.38m of cash resources

News Market Reaction – RACE

+5.52%

6 alerts

+5.52% Session close to close

$63.33B Market Cap

1.3x Rel. Volume

In the Jul 27 session, RACE gained 5.52%, reflecting a notable positive market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Maranello (Italy), July 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 (€)
20/07/2026	EXM	16,000	327.4885	5,239,816.00
22/07/2026	EXM	8,800	325.6903	2,866,074.64
23/07/2026	EXM	18,000	319.1990	5,745,582.00
24/07/2026	EXM	15,000	314.8513	4,722,769.50
Total	-	57,800	321.3537	18,574,242.14

(*) 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 July 24, 2026, the total invested consideration has been:

• Euro 183,382,810.21 for No. 608,711 common shares purchased on the EXM
• USD 40,797,556.26 (Euro 35,241,239.97*) for No. 118,319 common shares purchased on the NYSE.

As of July 24, 2026 the Company held in treasury No. 1,502,095 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.85% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.64% of the then 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 July 24, 2026, the Company has purchased a total of 1,612,475 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 479,382,135.21.

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:
Ferrari Media & PR
Email: media@ferrari.com

Attachment

• FNV BB PR 27 Jul 2026 ENG

FAQ

How many Ferrari (RACE) shares were repurchased in the July 20–24, 2026 period?

Ferrari repurchased 57,800 common shares on Euronext Milan between July 20 and July 24, 2026. According to Ferrari, the total consideration was Euro 18,574,242.14, at an average price of Euro 321.3537 per share, excluding fees.

What is the size of Ferrari’s current share buyback program for RACE stock?

Ferrari is executing a Euro 250 million Second Tranche buyback as part of an approximately Euro 3.5 billion multi-year program. According to Ferrari, the full program is expected to be completed by 2030, following guidance from its 2025 Capital Markets Day.

How much has Ferrari invested in the Second Tranche RACE buyback so far?

Ferrari has invested Euro 183,382,810.21 for 608,711 EXM shares and USD 40,797,556.26 for 118,319 NYSE shares in the Second Tranche. According to Ferrari, these figures are calculated up to July 24, 2026, excluding fees.

What percentage of Ferrari (RACE) shares are currently held in treasury?

As of July 24, 2026, Ferrari held 1,502,095 treasury shares, equal to 0.85% of issued common shares. According to Ferrari, including special voting shares, treasury holdings corresponded to 0.64% of the then total issued share capital.

How many Ferrari (RACE) shares has the company repurchased since January 5, 2026?

Since January 5, 2026, Ferrari has repurchased 1,612,475 common shares on EXM and NYSE. According to Ferrari, these transactions, including Sell to Cover, had a total consideration of Euro 479,382,135.21 under the multi-year buyback program.