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

Rhea-AI Summary

Ferrari (NYSE: RACE) reported buyback activity under the Euro 250 million first tranche of a multi-year ~€3.5 billion program announced at the 2025 Capital Markets Day. From 5 Jan–23 Jan 2026 the company purchased 138,700 common shares for a total consideration of €42,258,342.44. A daily EXM table (19–23 Jan 2026) shows 54,200 shares bought for €15,678,758.09. As of 23 Jan 2026 Ferrari held 16,783,306 treasury shares (8.65% of issued common shares; 9.12% including special voting shares).

Positive

• Buyback progress: €42.26M deployed for 138,700 shares
• Treasury stake equals 8.65% of issued common shares
• Multi-year program size: ~€3.5B planned through 2030

Negative

• Cash outflow of €42.26M reduces available liquidity
• Short-term buyback executed from company cash rather than debt alternative

News Market Reaction – RACE

+0.57%

+0.57% Session close to close

In the Jan 26 session, RACE gained 0.57%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Maranello (Italy), January 26 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 (€)
19/01/2026	EXM	10,800	293.1493	3,166,012.44
20/01/2026	EXM	10,900	290.2545	3,163,774.05
21/01/2026	EXM	11,000	287.5646	3,163,210.60
22/01/2026	EXM	10,500	290.0632	3,045,663.60
23/01/2026	EXM	11,000	285.4634	3,140,097.40
Total	-	54,200	289.2760	15,678,758.09

        
Since the announcement of such First Tranche till January 23, 2026, the total invested consideration has been:

• Euro 42,258,342.44 for No. 138,700 common shares purchased on the EXM
  
  

As of January 23, 2026 the Company held in treasury No. 16,783,306 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.65% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.12% 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 23, 2026, the Company has purchased a total of 138,700 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 42,258,342.44.

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 26 January 2026 ENG

FAQ

How many shares did Ferrari (RACE) buy under the first tranche by 23 January 2026?

Ferrari purchased 138,700 common shares from 5 Jan–23 Jan 2026.

What was the total consideration Ferrari (RACE) paid for the shares through 23 January 2026?

Total consideration was €42,258,342.44 for the shares bought through 23 Jan 2026.

What percentage of issued shares does Ferrari (RACE) hold in treasury as of 23 January 2026?

Ferrari held 16,783,306 treasury common shares, equal to 8.65% of issued common shares (9.12% including special voting shares).

How large is Ferrari's overall multi-year buyback program referenced in the January 2026 report?

The company plans a multi-year share buyback program of approximately €3.5 billion to be executed by 2030.

Where were the January 2026 buyback trades executed for Ferrari (RACE)?

The reported transactions were executed on Euronext Milan (EXM) and include EXM and NYSE activity in the reported period.