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

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported purchases under the €250 million first tranche of its multi-year ~€3.5 billion buyback program announced Dec 16, 2025. From 5–9 Jan 2026 the company bought 39,000 common shares on Euronext Milan for a total consideration of €12,420,882.85 (average price €318.4842 per share as aggregated).

As of 9 Jan 2026 Ferrari held 16,683,606 common shares in treasury (net of incentive-plan assignments), equal to 8.60% of issued common shares and 9.08% including special voting shares. A full transaction log is posted on the company buyback programs page.

Positive

• Initiated €250M first tranche of a €3.5B multi-year buyback program
• Purchased 39,000 shares for €12.42M between 05–09 Jan 2026
• Treasury holdings increased to 16,683,606 shares (8.60% of issued common)

Negative

• Current purchases represent only ~0.35% of the announced €250M tranche by value
• Short-term buybacks may modestly reduce free cash available for other uses

News Market Reaction

+0.27%

1 alert

+0.27% News Effect

On the day this news was published, RACE gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italy), January 12 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 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 (€)
05/01/2026	EXM	8,000	318.5881	2,548,704.80
06/01/2026	EXM	7,500	320.5912	2,404,434.00
07/01/2026	EXM	8,500	316.1228	2,687,043.80
08/01/2026	EXM	7,500	314.1800	2,356,350.00
09/01/2026	EXM	7,500	323.2467	2,424,350.25
Total	-	39,000	318.4842	12,420,882.85

        
Since the announcement of such First Tranche till January 9, 2026, the total invested consideration has been:

• Euro 12,420,882.85 for No. 39,000 common shares purchased on the EXM
  
  

As of January 9, 2026 the Company held in treasury No. 16,683,606 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.60% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.08% 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 January 9, 2026, the Company has purchased a total of 39,000 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 12,420,882.85.

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 12 january 2026 ENG

FAQ

How many shares did Ferrari (RACE) buy in the first tranche of the 2025 buyback program?

Ferrari purchased 39,000 common shares in the first tranche between 5–9 Jan 2026.

What was the total consideration Ferrari (RACE) paid for the shares bought through Jan 9, 2026?

Total consideration was €12,420,882.85 for the 39,000 shares.

How much is Ferrari's multi-year buyback program and what tranche started in Jan 2026?

The multi-year program is approximately €3.5 billion; a €250 million first tranche was announced Dec 16, 2025 and initiated in Jan 2026.

What percentage of issued shares does Ferrari (RACE) hold in treasury as of Jan 9, 2026?

As of Jan 9, 2026 Ferrari held 16,683,606 common shares in treasury, equal to 8.60% of issued common shares (9.08% including special voting shares).

Where can investors find the detailed list of buyback transactions for Ferrari (RACE)?

A comprehensive overview and transaction details are available on Ferrari's Buyback Programs page on its corporate website.