Ferrari (NYSE: RACE) updates €3.5B multi-year share buyback plan

Rhea-AI Filing Summary

Ferrari N.V. reports recent activity in its ongoing multi-year share buyback program. Between May 11 and May 15, 2026, the company repurchased 97,327 common shares across Euronext Milan and the NYSE for a total consideration of about €27.24 million.

These purchases were made under the €250 million Second Tranche of a roughly €3.5 billion buyback program expected to run through 2030. Since the Second Tranche launch, Ferrari has spent €81.26 million on 277,487 shares on Euronext Milan and $11.50 million (about €9.82 million) on 34,850 shares on the NYSE.

As of May 15, 2026, Ferrari held 17,732,008 common shares in treasury, equal to 9.14% of issued common shares and 9.49% of total issued share capital including special voting shares. A shareholder-approved cancellation of treasury shares has not yet been effected.

Key Figures

Second Tranche size: €250 million Multi-year buyback program: ≈€3.5 billion Shares repurchased May 11–15, 2026: 97,327 shares; €27,238,473.18 +5 more

8 metrics

Second Tranche size €250 million Share buyback tranche announced April 10, 2026

Multi-year buyback program ≈€3.5 billion Expected to be executed by 2030

Shares repurchased May 11–15, 2026 97,327 shares; €27,238,473.18 Combined EXM and NYSE purchases

Second Tranche EXM purchases 277,487 shares; €81,258,308.18 From launch through May 15, 2026

Second Tranche NYSE purchases 34,850 shares; $11,499,218.14 (€9,817,831.30) From launch through May 15, 2026

Treasury shares held 17,732,008 shares As of May 15, 2026; 9.14% of issued common shares

Total buyback since Jan 5, 2026 1,197,782 shares; €351,834,224.51 Multi-year program across EXM and NYSE

Treasury including special voting shares 9.49% of issued share capital As of May 15, 2026

Key Terms

share buyback program, Second Tranche, treasury shares, special voting shares, +1 more

5 terms

share buyback program financial

"under the Euro 250 million share buyback program announced on April 10, 2026"

A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.

Second Tranche financial

"as the second tranche of the multi-year share buyback program of approximately Euro 3.5 billion"

treasury shares financial

"the Company held in treasury No. 17,732,008 common shares, net of shares assigned"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

special voting shares financial

"Including the special voting shares, the Company held in treasury 9.49% of the then total issued share capital"

Shares that carry extra or different voting power than ordinary shares, allowing their holders to control corporate decisions disproportionate to their economic stake. For investors this matters because these shares can concentrate control in the hands of a few — like owning the steering wheel while others own most of the car — which can affect board choices, strategic direction, minority shareholder influence and the value or liquidity of ordinary shares.

Sell to Cover financial

"including transactions for Sell to Cover, for a total consideration of Euro 351,834,224.51"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________

FORM 6-K

_______________________________

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File No. 001-37596

_______________________________

FERRARI N.V.

(Translation of Registrant’s Name Into English)

_______________________________

Via Abetone Inferiore n.4

I-41053 Maranello (MO)

Italy

Tel. No.: +39 0536 949111

(Address of Principal Executive Offices)

_______________________________

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F x Form 40-F o

The following exhibit is furnished herewith:

Exhibit 99.1 Press release issued by Ferrari N.V. dated May 18, 2026.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 18, 2026			FERRARI N.V.
			By:			/s/ Antonio Picca Piccon
						Name:			Antonio Picca Piccon
						Title:			Chief Financial Officer

Index of Exhibits

Exhibit

Number Description of Exhibit

99.1        Press release issued by Ferrari N.V. dated May 18, 2026.

Exhibit 99.1

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

Maranello (Italy), May 18, 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) and on the New York Stock Exchange (NYSE) as follows:

			EXM									NYSE												Total
Trading   Date  (d/m/y)			Number of  common shares purchased			Average  price per  share excluding fees (€)			Consideration excluding fees (€)			Number of  common shares  purchased			Average price per share excluding fees ($)			Consideration excluding fees ($)			Consideration excluding fees (€)*			Number of  common  shares purchased			Average price per share excluding fees (€)*			Consideration excluding fees (€)*
11/05/2026			26,566			281.4885			7,478,023.49			—			—			—			—			26,566			281.4885			7,478,023.49
12/05/2026			5,623			277.1734			1,558,546.03			15,217			328.5773			4,999,960.77			4,259,636.03			20,840			279.1834			5,818,182.06
13/05/2026			13,000			278.3795			3,618,933.50			—			—			—			—			13,000			278.3795			3,618,933.50
14/05/2026			1,164			284.8954			331,618.25			—			—			—			—			1,164			284.8954			331,618.25
15/05/2026			25,000			279.2786			6,981,965.00			10,757			325.3452			3,499,738.32			3,009,750.88			35,757			279.4338			9,991,715.88
Total			71,353			279.8633			19,969,086.27			25,974			327.2387			8,499,699.09			7,269,386.91			97,327			279.8655			27,238,473.18

(*) 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 May 15, 2026, the total invested consideration has been:

•Euro 81,258,308.18 for No. 277,487 common shares purchased on the EXM

•USD 11,499,218.14 (Euro 9,817,831.30*) for No. 34,850 common shares purchased on the NYSE.

As of May 15, 2026 the Company held in treasury No. 17,732,008 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.14% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.49% 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.

Ferrari N.V.
Amsterdam, The Netherlands Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy Dutch trade registration number:
64060977

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 May 15, 2026, the Company has purchased a total of 1,197,782 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 351,834,224.51.

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

2

FAQ

How many Ferrari (RACE) shares were repurchased in mid-May 2026?

Ferrari repurchased 97,327 common shares between May 11 and May 15, 2026. These were bought on Euronext Milan and the NYSE as part of its ongoing buyback program, for total consideration of about €27.24 million.

What is the size of Ferrari (RACE)'s current share buyback tranche?

Ferrari is executing a €250 million Second Tranche of its buyback. This tranche forms part of a larger multi-year program of approximately €3.5 billion expected to be completed by 2030, following guidance from the 2025 Capital Markets Day.

How much has Ferrari (RACE) spent so far in the Second Tranche buyback?

Since the Second Tranche announcement, Ferrari has spent €81,258,308.18 on 277,487 shares on Euronext Milan. It also spent $11,499,218.14, equivalent to about €9,817,831.30, to repurchase 34,850 shares on the NYSE under the same tranche.

What proportion of its shares does Ferrari (RACE) hold in treasury?

As of May 15, 2026, Ferrari held 17,732,008 common shares in treasury. This represented 9.14% of total issued common shares and 9.49% of total issued share capital when including special voting shares, before any cancellation of treasury shares.

How large is Ferrari (RACE)'s overall multi-year buyback program?

Ferrari has a multi-year share buyback program of approximately €3.5 billion. It started on January 5, 2026 and is expected to be executed by 2030, aligned with objectives presented at the company’s 2025 Capital Markets Day for capital return.

How many Ferrari (RACE) shares have been repurchased since January 2026?

Since January 5, 2026, Ferrari has repurchased a total of 1,197,782 own common shares on Euronext Milan and the NYSE. These transactions, including Sell to Cover operations, had an aggregate consideration of €351,834,224.51 under the multi-year program.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 40.1 KB