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

Ferrari (NYSE:RACE) reported progress on its Euro 250 million Second Tranche buyback, part of the approximately Euro 3.5 billion multi-year program expected by 2030.

Rhea-AI Summary

Ferrari (NYSE:RACE) reported progress on its Euro 250 million Second Tranche buyback, part of the approximately Euro 3.5 billion multi-year program expected by 2030.

Between June 3–10, 2026, Ferrari repurchased 30,899 shares on EXM for about Euro 9.3 million at an average Euro 301.12.

Since the Second Tranche launch to June 10, 2026, Ferrari invested Euro 114.24 million for 391,709 EXM shares and USD 20.50 million (Euro 17.55 million) for 62,087 NYSE shares.

As of June 10, 2026, Ferrari held 17,873,467 treasury common shares, equal to 9.22% of issued common shares, or 9.55% of total share capital including special voting shares.

From the start of the multi-year program on January 5, 2026, to June 10, 2026, Ferrari purchased 1,339,241 common shares on EXM and NYSE, including Sell to Cover transactions, for a total of Euro 392.55 million.

Positive

• Euro 9.30 million spent to repurchase 30,899 EXM shares in early June 2026
• Second Tranche buyback to Euro 114.24 million on EXM and Euro 17.55 million equivalent on NYSE
• Multi-year buyback program reached Euro 392.55 million in total purchases by June 10, 2026
• Treasury holding of 17,873,467 common shares, representing 9.22% of issued common shares

Negative

• Cancellation of treasury shares approved on April 15, 2026 has not yet been effectuated

Argus Jun 11 session

+5.50% close to close Open Argus

Details

News Market Reaction – RACE

On Jun 11, the day this news came out, RACE closed 5.50% above the previous close.

Data tracked by StockTitan Argus for the Jun 11 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Maranello (Italy), June 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) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees (€)
03/06/2026	EXM	8,000	297.6715	2,381,372.00
04/06/2026	EXM	3,614	297.7768	1,076,165.36
05/06/2026	EXM	8,000	300.4460	2,403,568.00
08/06/2026	EXM	1,285	299.6796	385,088.29
10/06/2026	EXM	10,000	305.7969	3,057,969.00
Total	-	30,899	301.1153	9,304,162.65

(*) 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 June 10, 2026, the total invested consideration has been:

• Euro 114,240,803.52 for No. 391,709 common shares purchased on the EXM
• USD 20,498,780.80 (Euro 17,552,737.06*) for No. 62,087 common shares purchased on the NYSE.

As of June 10, 2026 the Company held in treasury No. 17,873,467 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.22% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.55% 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 June 10, 2026, the Company has purchased a total of 1,339,241 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 392,551,625.61.

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
Email: media@ferrari.com

Attachment

• FNV BB PR 11 Jun 2026 ENG

FAQ

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

What did Ferrari (RACE) report in its June 11, 2026 buyback update?

Ferrari reported continued execution of its multi-year share buyback program, including detailed purchases for early June 2026 on EXM and NYSE. According to Ferrari, cumulative spending reached about Euro 392.55 million since the program started on January 5, 2026.

How many Ferrari (RACE) shares were repurchased between June 3 and June 10, 2026?

Between June 3 and June 10, 2026, Ferrari repurchased 30,899 common shares on Euronext Milan. According to Ferrari, these buys totaled Euro 9,304,162.65 in consideration, at an average price of Euro 301.1153 per share excluding fees.

What is the size and timeline of Ferrari's Euro 3.5 billion buyback program (RACE)?

Ferrari plans a multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030. According to Ferrari, this includes a Euro 250 million Second Tranche announced April 10, 2026, under which recent purchases were made.

How much of the Second Tranche buyback has Ferrari (RACE) used so far?

By June 10, 2026, Ferrari had invested Euro 114,240,803.52 in EXM shares and USD 20,498,780.80 in NYSE shares under the Second Tranche. According to Ferrari, this covered 391,709 EXM shares and 62,087 NYSE shares.

What percentage of its shares does Ferrari (RACE) hold in treasury as of June 10, 2026?

As of June 10, 2026, Ferrari held 17,873,467 common shares in treasury, net of equity plan assignments. According to Ferrari, this represents 9.22% of issued common shares and 9.55% of issued share capital including special voting shares.

When did Ferrari (RACE) start its current multi-year share buyback program and how much has it spent?

Ferrari started the current multi-year share buyback program on January 5, 2026. According to Ferrari, by June 10, 2026 it had purchased 1,339,241 common shares on EXM and NYSE, including Sell to Cover, for Euro 392,551,625.61.

Has Ferrari (RACE) cancelled any treasury shares from the 2026 buyback yet?

Ferrari’s shareholders approved the cancellation of treasury shares on April 15, 2026, but it has not yet been effectuated. According to Ferrari, this pending cancellation is not reflected in current treasury share and percentage calculations.