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

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) reported purchases under the Euro 360 million buyback tranche announced July 31, 2025, as the eighth tranche of a multi-year ~€2.0 billion program.

From the tranche start through 17/10/2025 Ferrari bought 459,624 shares on EXM for €178,948,239.67 and 108,438 shares on NYSE for USD 48,417,771.03 (≈€41,475,088.35). Since 1/7/2022 through 17/10/2025 the company bought 5,579,082 shares for €1,862,993,025.37. Treasury holdings are 16,242,357 shares (8.38% of common shares; 8.91% including special voting shares).

Positive

• Total program spend €1,862,993,025.37 since 01/07/2022
• Total shares repurchased 5,579,082 since 01/07/2022
• Treasury holdings 16,242,357 shares (8.38% of commons)

Negative

• Eighth tranche cash deployed ≈€220,423,327 (combined EXM and NYSE)
• Treasury stake 8.91% including special voting shares reduces free float

Maranello, (Italy), October 20, 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) 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
13/10/2025	15,000	335.4126	5,031,189.00	-	-	-	-	15,000	335.4126	5,031,189.00
14/10/2025	12,200	325.8498	3,975,367.56	23,470	382.6566	8,980,950.40	7,773,695.49	35,670	329.3822	11,749,063.05
15/10/2025	12,700	330.4847	4,197,155.69	15,359	389.9524	5,989,278.91	5,153,397.79	28,059	333.2461	9,350,553.48
16/10/2025	29,700	338.6387	10,057,569.39	-	-	-	-	29,700	338.6387	10,057,569.39
17/10/2025	18,100	336.1741	6,084,751.21	-	-	-	-	18,100	336.1741	6,084,751.21
	87,700	334.6184	29,346,032.85	38,829	385.5425	14,970,229.31	12,927,093.28	126,529	334.0983	42,273,126.13
Total

(*) 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 17, 2025, the total invested consideration has been:

• Euro 178,948,239.67 for No. 459,624 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 17, 2025, the Company held in treasury No. 16,242,357 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.38% of the total issued common shares. Including the special voting shares, the Company held in treasury 8.91% 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 17, 2025, the Company has purchased a total of 5,579,082 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,862,993,025.37.

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 20 October 2025 ENG

FAQ

How much has Ferrari (RACE) spent on buybacks since July 1, 2022?

Ferrari spent €1,862,993,025.37 to repurchase 5,579,082 common shares from 01/07/2022 to 17/10/2025.

What were Ferrari's purchases in the eighth tranche (RACE) through October 17, 2025?

Through 17/10/2025 Ferrari bought 459,624 shares on EXM for €178,948,239.67 and 108,438 shares on NYSE for USD 48,417,771.03.

How many Ferrari (RACE) shares does the company hold in treasury after these purchases?

As of 17/10/2025 Ferrari held 16,242,357 common shares in treasury, equal to 8.38% of common shares (8.91% including special voting shares).

Where can investors find detailed transaction data for Ferrari's buyback program (RACE)?

Detailed buyback transactions are available on Ferrari's corporate website under the Buyback Programs section.

What is the total size and expected completion timeline for Ferrari's buyback program (RACE)?

The multi-year program is approximately €2.0 billion and is expected to be executed by 2026.