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

Ferrari (NYSE:RACE) reported progress on its €250 million second-tranche buyback, part of a multi-year €3.5 billion program expected by 2030.

Rhea-AI Summary

Ferrari (NYSE:RACE) reported progress on its €250 million second-tranche buyback, part of a multi-year €3.5 billion program expected by 2030.

Between May 4–8, 2026, Ferrari repurchased 73,191 shares for €21,038,118.49 and now holds 17,634,681 treasury shares, about 9.09% of issued common shares.

Positive

• 73,191 shares repurchased May 4–8, 2026 for €21.0 million
• Second-tranche invested consideration totals €61.3 million on EXM plus $3.0 million on NYSE
• Treasury shares reach 17,634,681, or 9.09% of issued common shares
• Since Jan 5, 2026, buybacks total 1,100,455 shares for €324.6 million
• Multi-year share buyback program targets approximately €3.5 billion by 2030

Negative

• None.

Argus May 11 session

-3.07% close to close Open Argus

Details

News Market Reaction – RACE

On May 11, the day this news came out, RACE closed 3.07% below the previous close.

Data tracked by StockTitan Argus for the May 11 session.

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Maranello (Italy), May 11, 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
04/05/2026	17,000	290.4267	4,937,253.90	-	-	-	-	17,000	290.4267	4,937,253.90
05/05/2026	11,284	286.3919	3,231,646.20	-	-	-	-	11,284	286.3919	3,231,646.20
06/05/2026	16,803	283.7528	4,767,898.30	-	-	-	-	16,803	283.7528	4,767,898.30
07/05/2026	11,228	287.9035	3,232,580.50	8,876	337.9359	2,999,519.05	2,548,444.39	20,104	287.5560	5,781,024.89
08/05/2026	8,000	290.0369	2,320,295.20	-	-	-	-	8,000	290.0369	2,320,295.20
	64,315	287.4862	18,489,674.10	8,876	337.9359	2,999,519.05	2,548,444.39	73,191	287.4413	21,038,118.49
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 May 8, 2026, the total invested consideration has been:

• Euro 61,289,221.91 for No. 206,134 common shares purchased on the EXM

• USD 2,999,519.05 (Euro 2,548,444.39*) for No. 8,876 common shares purchased on the NYSE.

As of May 8, 2026 the Company held in treasury No. 17,634,681 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.09% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.45% 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 May 8, 2026, the Company has purchased a total of 1,100,455 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 324,595,751.34.

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 BB PR 11 May 2026 ENG

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ferrari (NYSE:RACE) announce in its May 11, 2026 buyback update?

Ferrari announced new details on its ongoing share repurchases under the second tranche of its buyback program. According to Ferrari, the second tranche is a €250 million component of a broader multi-year €3.5 billion buyback expected to be executed by 2030.

How many Ferrari (RACE) shares were repurchased between May 4 and May 8, 2026?

Ferrari repurchased 73,191 common shares between May 4 and May 8, 2026 across EXM and NYSE. According to Ferrari, these trades totaled €21,038,118.49 in consideration, with 64,315 shares bought on Euronext Milan and 8,876 shares on the New York Stock Exchange.

What is Ferrari's treasury share position as of May 8, 2026?

As of May 8, 2026, Ferrari held 17,634,681 common shares in treasury, net of incentive plans. According to Ferrari, this equals 9.09% of issued common shares, or 9.45% of total share capital when including special voting shares.

How much progress has Ferrari (RACE) made on its €3.5 billion buyback program?

Ferrari has repurchased 1,100,455 own common shares since January 5, 2026, under its multi-year program. According to Ferrari, these EXM and NYSE purchases, including Sell to Cover transactions, represent a total consideration of €324,595,751.34 toward the planned €3.5 billion.

How much has Ferrari invested so far in the €250 million second buyback tranche?

Ferrari has invested over €63.8 million equivalent in the second-tranche buyback as of May 8, 2026. According to Ferrari, this includes €61,289,221.91 for 206,134 EXM shares and $2,999,519.05 (about €2,548,444.39) for 8,876 NYSE shares.

Has Ferrari cancelled any treasury shares approved at the April 15, 2026 AGM?

Ferrari has not yet effected the cancellation of treasury shares approved at the April 15, 2026 Annual General Meeting. According to Ferrari, this pending cancellation is excluded from current calculations of treasury share percentages and total issued share capital.