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

Rhea-AI Summary

Ferrari (RACE) repurchased 82,524 common shares from September 21 to 25 under its third buyback tranche. The purchases cost €29,796,393.26 before fees and comprised 67,899 shares on Euronext Milan and 14,625 on the New York Stock Exchange.

As of September 25, purchases under the €250 million tranche totaled 160,799 shares for €57,455,127.93 on Euronext Milan and 53,790 shares for €19,100,484.75 on the NYSE. Since the multiyear program began on January 5, Ferrari has bought 1,915,773 common shares for €587,312,917.89, including sell-to-cover transactions. It held 1,805,393 common shares in treasury on September 25, equal to 1.02% of issued common shares.

Argus Sep 28 session 1 alert

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News Market Reaction – RACE

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On Sep 28, the day this news came out, RACE closed 3.24% below the previous close. That session’s volume was 2.0x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Sep 28 session.

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Maranello (Italy), September 28, 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 September 1, 2026, as the third 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 “Third 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
21/09/2026	7,350	361.5618	2,657,479.23	-	-	-	-	7,350	361.5618	2,657,479.23
22/09/2026	7,300	362.8977	2,649,153.21	-	-	-	-	7,300	362.8977	2,649,153.21
23/09/2026	20,549	363.4603	7,468,745.70	-	-	-	-	20,549	363.4603	7,468,745.70
24/09/2026	13,000	363.4650	4,725,045.00	6,075	411.5076	2,499,908.67	2,199,268.65	19,075	363.0046	6,924,313.65
25/09/2026	19,700	356.7355	7,027,689.35	8,550	409.3093	3,499,594.52	3,069,012.12	28,250	357.4054	10,096,701.47
	67,899	361.2441	24,528,112.49	14,625	410.2224	5,999,503.19	5,268,280.76	82,524	361.0634	29,796,393.26
Total

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Third Tranche till September 25, 2026, the total invested consideration has been:

• Euro 57,455,127.93 for No. 160,799 common shares purchased on the EXM
• USD 21,998,568.42 (Euro 19,100,484.75*) for No. 53,790 common shares purchased on the NYSE.

As of September 25, 2026 the Company held in treasury No. 1,805,393 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 1.02% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.77% 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 September 25, 2026, the Company has purchased a total of 1,915,773 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 587,312,917.89.

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 28 Sep 2026 ENG

FAQ

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What average prices did Ferrari pay for shares repurchased September 21–25, 2026?

Ferrari paid an average of €361.2441 per share on Euronext Milan and $410.2224 per share on the NYSE during September 21–25, 2026. The reported overall average was €361.0634 per share, with NYSE purchases translated into euros at the European Central Bank reference rate on each purchase date.