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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported additional purchases under its Euro 250 million first tranche of a multi-year ~€3.5 billion buyback program through 2030. From Feb 23–27, 2026 Ferrari bought 30,750 shares for €9,714,556.55.

Since the tranche start the company invested €101,395,407.74 to repurchase 338,393 shares; treasury stock stands at 16,982,999 shares (8.76% of issued common shares; 9.20% including special voting shares).

Positive

• €101,395,407.74 invested to repurchase 338,393 shares
• Treasury holdings of 16,982,999 shares equal 8.76% of issued common shares
• Buyback is part of a multi-year ~€3.5 billion program through 2030

Negative

• Treasury holdings total 9.20% of issued capital including special voting shares, reducing public float
• First tranche spending of €101.4M so far remains below the €250M tranche amount

Maranello (Italy), March 2 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 December 16, 2025, as the first 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 “First 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 (€)
23/02/2026	EXM	7,500	306.7420	2,300,565.00
24/02/2026	EXM	5,500	315.2718	1,733,994.90
25/02/2026	EXM	6,000	320.7627	1,924,576.20
26/02/2026	EXM	5,750	319.8646	1,839,221.45
27/02/2026	EXM	6,000	319.3665	1,916,199.00
Total	-	30,750	315.9205	9,714,556.55

        
Since the announcement of such First Tranche till February 27, 2026, the total invested consideration has been:

• Euro 101,395,407.74 for No. 338,393 common shares purchased on the EXM
  
  

As of February 27, 2026 the Company held in treasury No. 16,982,999 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.76% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.20% 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 February 27, 2026, the Company has purchased a total of 338,393 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 101,395,407.74.

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 2 March 2026 ENG

FAQ

How many shares has Ferrari (RACE) repurchased under the buyback program as of Feb 27, 2026?

Ferrari repurchased 338,393 common shares for €101,395,407.74. According to the company, purchases span EXM and NYSE since the program start on January 5, 2026.

What portion of Ferrari (RACE) share capital is held in treasury after the latest buybacks?

The company holds 16,982,999 treasury shares, equal to 8.76% of issued common shares. Including special voting shares, that equals 9.20%, according to the company.

What were Ferrari (RACE) buyback transactions between Feb 23 and Feb 27, 2026?

Between Feb 23–27, 2026 Ferrari purchased 30,750 shares for €9,714,556.55 on Euronext Milan. According to the company, daily aggregated figures are reported for that period.

How does the recent activity relate to Ferrari's multi-year buyback target for RACE?

Recent purchases are part of a multi-year ~€3.5 billion program expected to run through 2030. According to the company, the announced first tranche totals €250 million.

Where can investors find full details of Ferrari's (RACE) buyback transactions?

Investors can view a comprehensive overview under the Buyback Programs section on Ferrari's corporate website. According to the company, detailed transaction data are published online.