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

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported buyback activity under its Euro 250 million Second Tranche, part of a multi-year Euro 3.5 billion program through 2030. From April 13–17, 2026 the company purchased 39,037 shares for €11,839,834.39. Since Jan 5, 2026 Ferrari bought 924,482 shares for €272,597,919.43.

The company assigned 95,273 treasury shares for employee grants and executed 35,391 Sell to Cover shares at an average €304.00. As of April 17, 2026 Ferrari held 17,461,497 treasury shares (9.00% of issued common shares; 9.39% including special voting shares).

Positive

• Second Tranche executed: €11.84M invested for 39,037 shares
• Program scale: 924,482 shares repurchased since Jan 5, 2026 for €272.60M
• Treasury position: 17,461,497 shares held, representing 9.00% of issued common shares

Negative

• Cash deployed: €272,597,919.43 spent since Jan 5, 2026 under the buyback program
• Employee share assignments: 95,273 treasury shares assigned, partially offsetting buyback share reduction

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Maranello (Italy), April 20 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 (€)
13/04/2026	EXM	10,000	297.1595	2,971,595.00
14/04/2026	EXM	10,000	304.1771	3,041,771.00
15/04/2026	EXM	7,000	302.8295	2,119,806.50
16/04/2026	EXM	8,000	306.0931	2,448,744.80
17/04/2026	EXM	4,037	311.5970	1,257,917.09
Total	-	39,037	303.2978	11,839,834.39

        
Since the announcement of such Second Tranche till April 17, 2026, the total invested consideration has been:

• Euro 11,839,834.39 for No. 39,037 common shares purchased on the EXM
  
  

On April 16, 2026, in the Ferrari Group employees’ granting share process, the Company assigned No. 95,273 common shares held in treasury. On the same day Ferrari purchased, in a “cross order” transaction executed on the EXM, No. 35,391 common shares in order to cover individual's taxable income as standard practice (Sell to Cover) at the average price of Euro 304.0000 per share.

As of April 17, 2026 the Company held in treasury No. 17,461,497 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.00% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.39% 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 April 17, 2026, the Company has purchased a total of 924,482 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 272,597,919.43.

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
Email: media@ferrari.com

Attachment

• FNV BB PR 20 April 2026 ENG

FAQ

How many shares did Ferrari (RACE) buy between April 13 and April 17, 2026?

Ferrari purchased 39,037 common shares between April 13–17, 2026. According to the company, that purchase under the Second Tranche cost €11,839,834.39 and formed part of the Euro 250 million tranche of the multi-year buyback program.

What is the total amount Ferrari (RACE) has spent on buybacks since January 5, 2026?

Ferrari has spent €272,597,919.43 on share repurchases since January 5, 2026. According to the company, that total covers 924,482 shares bought on EXM and NYSE, including Sell to Cover transactions.

How many treasury shares does Ferrari (RACE) hold as of April 17, 2026?

As of April 17, 2026 Ferrari held 17,461,497 treasury shares, equal to 9.00% of issued common shares. According to the company, including special voting shares this represents 9.39% of total issued share capital.

What is the size and timeline of Ferrari's (RACE) multi-year buyback program?

The program is approximately €3.5 billion expected to be executed by 2030. According to the company, the April 10, 2026 announcement established a €250 million Second Tranche within that multi-year plan.

Did Ferrari (RACE) use shares for employee awards during the buyback period?

Yes, Ferrari assigned 95,273 treasury shares to employees on April 16, 2026. According to the company, that assignment was part of the Group employees’ granting share process and reduces treasury share counts.

What are Sell to Cover transactions reported by Ferrari (RACE) in April 2026?

Ferrari executed a Sell to Cover purchase of 35,391 shares at an average €304.00 on April 16, 2026. According to the company, this covered individuals’ taxable income as standard practice and was done via a cross order on EXM.