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

Rhea-AI Summary

Ferrari (NYSE: RACE) reports purchases under the €360 million eighth tranche of its multi-year buyback program (part of ~€2 billion expected by 2026) announced July 31, 2025.

From the start of the Eighth Tranche through 7 November 2025, Ferrari invested €235,346,953.75 to buy 622,729 common shares on Euronext Milan and invested $53,417,506.56 (≈€45,799,744.98) to buy 120,643 shares on NYSE. As of 7 November 2025 Ferrari held 16,417,667 treasury common shares (8.47% of issued common shares; 8.98% including special voting shares).

Since 1 July 2022 through 7 November 2025, the company purchased 5,754,392 own shares for a total consideration of €1,923,716,396.09.

Positive

• Eighth tranche size: €360 million allocated
• Eighth tranche invested: €235,346,953.75 (EXM purchases)
• Shares bought since 1 Jul 2022: 5,754,392
• Total buyback spend since 2022: €1,923,716,396.09
• Treasury shares: 16,417,667 common shares (8.47%)

Negative

• Eighth tranche not fully spent: €124,653,046.25 remaining of €360 million
• Treasury holdings represent 8.47%, which may limit free float

Maranello (Italy), November 10, 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 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
03/11/2025	13,100	344.2917	4,510,221.27	-	-	-	-	13,100	344.2917	4,510,221.27
04/11/2025	8,000	340.3804	2,723,043.20	-	-	-	-	8,000	340.3804	2,723,043.20
05/11/2025	7,300	353.6814	2,581,874.22	-	-	-	-	7,300	353.6814	2,581,874.22
06/11/2025	14,000	352.6412	4,936,976.80	-	-	-	-	14,000	352.6412	4,936,976.80
07/11/2025	10,555	352.0617	3,716,011.24	12,205	409.6465	4,999,735.53	4,324,656.63	22,760	353.2807	8,040,667.88
	52,955	348.7513	18,468,126.73	12,205	409.6465	4,999,735.53	4,324,656.63	65,160	349.7972	22,792,783.37
Total

(*) 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 November 7, 2025, the total invested consideration has been:

• Euro 235,346,953.75 for No. 622,729 common shares purchased on the EXM
• USD 53,417,506.56 (Euro 45,799,744.98*) for No. 120,643 common shares purchased on the NYSE.

As of November 7, 2025, the Company held in treasury No. 16,417,667 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.47% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.98% 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 November 7, 2025, the Company has purchased a total of 5,754,392 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,923,716,396.09.

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 10 November 2025 ENG

FAQ

What amount has Ferrari (RACE) spent in the Eighth Tranche of the buyback as of 7 November 2025?

Ferrari invested €235,346,953.75 on EXM and $53,417,506.56 (≈€45,799,744.98) on NYSE through 7 November 2025.

How many shares did Ferrari (RACE) purchase in the Eighth Tranche through 7 November 2025?

The company purchased 622,729 shares on Euronext Milan and 120,643 shares on the NYSE (total 743,372 in the tranche period reported).

What percent of Ferrari (RACE) outstanding stock is held in treasury as of 7 November 2025?

Ferrari held 16,417,667 treasury common shares, equal to 8.47% of issued common shares (8.98% including special voting shares).

How much has Ferrari (RACE) spent overall on buybacks since the 2022 program began?

From 1 July 2022 through 7 November 2025 Ferrari purchased 5,754,392 shares for €1,923,716,396.09.

What is the total size of the multi-year Ferrari (RACE) buyback program and its expected completion?

The multi-year program is approximately €2 billion, expected to be executed by 2026.

Where can investors find the detailed buyback transaction records for Ferrari (RACE)?

Detailed transaction overviews are available on Ferrari's corporate website under the Buyback Programs section.