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

Rhea-AI Summary

Ferrari (NYSE:RACE) reported progress on its Euro 250 million Second Tranche buyback, part of a multi-year Euro 3.5 billion program expected by 2030. Between May 26–28, 2026, 90,239 shares were repurchased for about Euro 25.76 million.

From the Second Tranche launch to June 2, 2026, Ferrari bought 422,897 shares on EXM and NYSE for a total consideration of roughly Euro 122.49 million (including USD purchases translated to Euro). Overall since January 5, 2026, 1,308,342 shares have been repurchased for Euro 383.25 million.

Positive

• Second Tranche buyback: 90,239 shares for about €25.76 million between May 26–28, 2026
• Total Second Tranche purchases: 360,810 EXM shares and 62,087 NYSE shares
• Second Tranche consideration: €104,936,640.87 on EXM and $20,498,780.80 (about €17.55 million) on NYSE
• Multi-year buyback since January 5, 2026: 1,308,342 shares for €383,247,462.96
• Treasury holding as of June 2, 2026: 17,842,568 common shares, 9.20% of issued common shares

Negative

• None.

News Market Reaction – RACE

-2.66%

-2.66% Session close to close

In the Jun 3 session, RACE declined 2.66%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Maranello (Italy), June 3, 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) 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
26/05/2026	20,000	289.0296	5,780,592.00	18,171	330.1916	5,999,911.56	5,157,221.56	38,171	286.5477	10,937,813.56
27/05/2026	40,000	284.6594	11,386,376.00	9,066	330.8682	2,999,651.10	2,577,684.20	49,066	284.5975	13,964,060.20
28/05/2026	3,002	284.5780	854,303.16	-	-	-	-	3,002	284.5780	854,303.16
	63,002	286.0428	18,021,271.16	27,237	330.4168	8,999,562.66	7,734,905.76	90,239	285.4218	25,756,176.92
Total

(*) 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 June 2, 2026, the total invested consideration has been:

• Euro 104,936,640.87 for No. 360,810 common shares purchased on the EXM

• USD 20,498,780.80 (Euro 17,552,737.06*) for No. 62,087 common shares purchased on the NYSE.

As of June 2, 2026 the Company held in treasury No. 17,842,568 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.20% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.53% 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 June 2, 2026, the Company has purchased a total of 1,308,342 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 383,247,462.96.

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 PR CL June 3 2026 ENG

FAQ

What did Ferrari (RACE) announce in its June 3, 2026 buyback update?

Ferrari provided an update on its share repurchases under the Euro 250 million Second Tranche of a multi-year Euro 3.5 billion buyback program. According to Ferrari, 90,239 shares were repurchased between May 26–28, 2026 for about Euro 25.76 million.

How many Ferrari (RACE) shares were bought back in the Second Tranche up to June 2, 2026?

Up to June 2, 2026, Ferrari repurchased 422,897 shares in the Second Tranche. According to Ferrari, this includes 360,810 shares on Euronext Milan and 62,087 shares on the NYSE across both euro- and dollar-denominated transactions.

What total amount has Ferrari (RACE) spent on the Second Tranche buyback so far?

Ferrari has spent more than Euro 120 million on the Second Tranche. According to Ferrari, this comprises Euro 104,936,640.87 on EXM and USD 20,498,780.80 (about Euro 17.55 million) on the NYSE up to June 2, 2026.

How large is Ferrari’s overall multi-year share buyback program through 2030?

Ferrari plans a multi-year share buyback program of about Euro 3.5 billion by 2030. According to Ferrari, this program began on January 5, 2026 and the current Euro 250 million Second Tranche forms part of that long-term capital return plan.

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

Since January 5, 2026, Ferrari has repurchased 1,308,342 of its own common shares. According to Ferrari, these EXM and NYSE purchases, including Sell to Cover transactions, represent a total consideration of Euro 383,247,462.96 under the multi-year buyback program.

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

As of June 2, 2026, Ferrari holds 17,842,568 treasury common shares. According to Ferrari, this equals 9.20% of total issued common shares, or 9.53% of total issued share capital when including special voting shares, before any future share cancellations.