Ferrari N.v.: Periodic Report on the Buyback Program

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported buyback activity for the eighth tranche of its multi-year €360 million tranche announced July 31, 2025, part of an approximately €2 billion program expected to be executed by 2026.

From 20–24 October 2025 Ferrari purchased 51,100 shares on EXM for a total consideration of €17,562,159.06 (average price €343.6822). Since the start of the eighth tranche through 24 October 2025 the company invested €196,510,398.73 to buy 510,724 shares on EXM and USD 48,417,771.03 (≈€41,475,088.35) to buy 108,438 shares on NYSE.

Since 1 July 2022 through 24 October 2025 Ferrari purchased 5,630,182 common shares for €1,880,555,184.43. As of 24 October 2025 the company held 16,293,457 treasury shares (8.40% of issued common shares; 8.93% including special voting shares).

Positive

• 51,100 shares bought (20–24 Oct 2025) for €17.56M
• €196.51M invested in eighth tranche on EXM through 24 Oct 2025
• 5,630,182 total shares repurchased since 01/07/2022 for €1.8806B

Negative

• €1.8806B deployed since 2022 reduces available cash for other uses
• Treasury stock equals 8.40% of issued common shares (potential governance/liquidity effects)

News Market Reaction

-0.21%

1 alert

-0.21% News Effect

On the day this news was published, RACE declined 0.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italy), October 27, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 360 million share buyback program announced on July 31, 2025, as the eighth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Eighth 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   (€)
20/10/2025	EXM	10,800	339.5775	3,667,437.00
21/10/2025	EXM	10,000	342.2811	3,422,811.00
22/10/2025	EXM	12,500	342.4108	4,280,135.00
23/10/2025	EXM	9,000	344.1467	3,097,320.30
24/10/2025	EXM	8,800	351.6427	3,094,455.76
Total	-	51,100	343.6822	17,562,159.06

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
           
Since the announcement of such Eighth Tranche till October 24, 2025, the total invested consideration has been:

• Euro 196,510,398.73 for No. 510,724 common shares purchased on the EXM

• USD 48,417,771.03 (Euro 41,475,088.35*) for No. 108,438 common shares purchased on the NYSE.

As of October 24, 2025, the Company held in treasury No. 16,293,457 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.40% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.93% of the total issued share capital.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until October 24, 2025, the Company has purchased a total of 5,630,182 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,880,555,184.43.

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 27 October 2025 ENG

FAQ

What did Ferrari (RACE) announce in the October 27, 2025 buyback report?

Ferrari detailed purchases in the eighth tranche: 51,100 shares on EXM (20–24 Oct 2025) for €17,562,159.06 and updated cumulative buyback totals through 24 Oct 2025.

How many shares has Ferrari (RACE) repurchased under the 2022–2026 buyback program as of 24 Oct 2025?

Ferrari repurchased 5,630,182 common shares for a total consideration of €1,880,555,184.43 since 01/07/2022 through 24/10/2025.

How much did Ferrari (RACE) spend on the eighth tranche buybacks through 24 Oct 2025?

The company invested €196,510,398.73 on EXM purchases (510,724 shares) plus USD 48,417,771.03 (≈€41,475,088.35) for NYSE purchases through 24 Oct 2025.

What percentage of issued shares does Ferrari (RACE) hold in treasury as of 24 Oct 2025?

As of 24 Oct 2025 Ferrari held 16,293,457 treasury common shares, equal to 8.40% of issued common shares and 8.93% including special voting shares.

What were the daily buyback details for Ferrari (RACE) between 20 and 24 October 2025?

Purchases on EXM: 20/10/2025: 10,800 shares (€3,667,437.00); 21/10: 10,000 (€3,422,811.00); 22/10: 12,500 (€4,280,135.00); 23/10: 9,000 (€3,097,320.30); 24/10: 8,800 (€3,094,455.76).