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Ferrari (NYSE: RACE) builds 8.99% treasury stake through ongoing buybacks

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6-K

Rhea-AI Filing Summary

Ferrari N.V. reported recent activity under its share buyback plans. Between March 30 and April 2, 2026, the company repurchased 51,193 common shares on Euronext Milan and the NYSE for a total of Euro 14,831,144.42.

Since the announcement of the Euro 250 million first tranche of the buyback program, Ferrari has spent Euro 187,515,724.80 on 636,993 shares on Euronext Milan and USD 51,496,949.38 (Euro 44,543,078.68) on 151,800 shares on the NYSE.

As of April 6, 2026, Ferrari held 17,433,399 common shares in treasury, equal to 8.99% of issued common shares, and 9.38% of total issued share capital including special voting shares. Since January 5, 2026, it has repurchased 788,793 shares for Euro 232,058,803.48 under the multi-year buyback program of approximately Euro 3.5 billion expected by 2030.

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Insights

Ferrari continues executing a sizeable, multi‑year share buyback, steadily building its treasury position.

Ferrari is progressing through a Euro 250 million first tranche within a larger Euro 3.5 billion share repurchase program expected by 2030. By early April 2026, it had spent Euro 232,058,803.48 to buy back 788,793 shares across Euronext Milan and the NYSE.

Holding 17,433,399 treasury shares, or 8.99% of issued common shares as of April 6, 2026, indicates a meaningful reduction in free float over time. Actual impact on shareholders depends on future decisions about the use of these treasury shares, such as cancellations or allocations to incentive plans.

The update confirms ongoing execution rather than a change in the program’s scale or timeline. Future company disclosures may detail further tranches toward the targeted Euro 3.5 billion by 2030 and any adjustments to the overall capital return framework.

Recent repurchases 51,193 shares; €14,831,144.42 Shares and consideration from Mar 30–Apr 2, 2026
First tranche EXM spend €187,515,724.80 636,993 shares on Euronext Milan since tranche announcement
First tranche NYSE spend USD 51,496,949.38 (€44,543,078.68) 151,800 shares on NYSE since tranche announcement
Treasury shares 17,433,399 shares 8.99% of issued common shares as of Apr 6, 2026
Multi-year buyback total spend €232,058,803.48 788,793 shares from Jan 5–Apr 6, 2026
Program target €3.5 billion Approximate multi-year buyback expected by 2030
First tranche size €250 million Initial portion of multi-year buyback program
share buyback program financial
"under the Euro 250 million share buyback program announced on December 16, 2025"
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.
multi-year share buyback program financial
"first tranche of the multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030"
treasury shares financial
"the Company held in treasury No. 17,433,399 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 9.38% of the 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 232,058,803.48"
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 April 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 April 7, 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: April 7, 2026FERRARI 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 April 7, 2026.





Exhibit 99.1

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


Maranello (Italy), April 7, 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) 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




(€)*

30/03/202612,000283.45123,401,414.40————12,000283.45123,401,414.40
31/03/202615,000287.24634,308,694.50————15,000287.24634,308,694.50
01/04/20262,000296.7003593,400.60————2,000296.7003593,400.60
02/04/20267,500291.95242,189,643.0014,693340.26654,999,535.684,337,991.9222,193294.13046,527,634.92
Total36,500287.483610,493,152.5014,693340.26654,999,535.684,337,991.9251,193289.710414,831,144.42

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

Since the announcement of such First Tranche till April 6, 2026, the total invested consideration has been:
•Euro 187,515,724.80 for No. 636,993 common shares purchased on the EXM
•USD 51,496,949.38 (Euro 44,543,078.68*) for No. 151,800 common shares purchased on the NYSE.

As of April 6, 2026 the Company held in treasury No. 17,433,399 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.99% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.38% of the total issued share capital.















Ferrari N.V.
Amsterdam, The Netherlands










Registered Office:
Via Abetone Inferiore N. 4,
I – 41053 Maranello (MO) Italy










Dutch trade registration number:
64060977
corporateweb.jpg




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 April 6, 2026, the Company has purchased a total of 788,793 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 232,058,803.48.


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

Source: View Original Filing on SEC EDGAR

FAQ

How many Ferrari (RACE) shares were repurchased in the most recent update?

Ferrari repurchased 51,193 common shares between March 30 and April 2, 2026, across Euronext Milan and the NYSE. The total consideration for these transactions was Euro 14,831,144.42, based on average purchase prices reported in Euro and U.S. dollars and converted at ECB reference rates.

What progress has Ferrari (RACE) made on the Euro 250 million first tranche buyback?

Under the Euro 250 million first tranche, Ferrari has spent Euro 187,515,724.80 on 636,993 shares on Euronext Milan and USD 51,496,949.38 (Euro 44,543,078.68) on 151,800 shares on the NYSE. These amounts reflect cumulative purchases since the tranche’s announcement through April 6, 2026.

How many treasury shares does Ferrari (RACE) currently hold?

As of April 6, 2026, Ferrari held 17,433,399 common shares in treasury, net of equity incentive assignments. This represents 8.99% of its total issued common shares. Including special voting shares, treasury holdings equal 9.38% of Ferrari’s total issued share capital.

What is the total size of Ferrari’s current multi-year share buyback program?

Ferrari’s multi-year share buyback program targets approximately Euro 3.5 billion of repurchases expected to be executed by 2030. The Euro 250 million first tranche, announced in December 2025, forms the initial part of this broader capital return plan disclosed at the 2025 Capital Markets Day.

How much has Ferrari (RACE) spent on share repurchases since January 5, 2026?

From January 5, 2026 through April 6, 2026, Ferrari purchased 788,793 of its own common shares on Euronext Milan and the NYSE. The total consideration for these repurchases, including Sell to Cover transactions, amounted to Euro 232,058,803.48 under the ongoing multi-year program.

Where can investors find detailed data on Ferrari’s buyback transactions?

Ferrari provides a detailed overview of transactions under its buyback programs on the company’s corporate website. The information is available in the Buyback Programs section, which includes comprehensive daily and aggregate data on repurchases executed on Euronext Milan and the NYSE.

Filing Exhibits & Attachments

1 document

Press Releases