Ferrari (NYSE: RACE) updates €3.5B multi-year share buyback
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Ferrari N.V. reported recent activity under its current share buyback plans. As part of the €250 million second tranche of a multi-year buyback of about €3.5 billion expected to be executed by 2030, the company repurchased 90,239 common shares between May 26 and May 28, 2026 for total consideration of €25,756,176.92.
Since the second tranche was announced, Ferrari has invested €104,936,640.87 to buy 360,810 shares on Euronext Milan and $20,498,780.80 (equivalent to €17,552,737.06) to buy 62,087 shares on the NYSE. As of June 2, 2026, Ferrari held 17,842,568 treasury common shares, equal to 9.20% of issued common shares, and 9.53% of total share capital including special voting shares. From the start of the multi-year program on January 5, 2026 to June 2, 2026, Ferrari had repurchased 1,308,342 shares for a total of €383,247,462.96.
Positive
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Negative
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Key Figures
Second tranche size: €250 million
Multi-year buyback program: €3.5 billion
Shares bought May 26–28, 2026: 90,239 shares
+5 more
8 metrics
Second tranche size
€250 million
Share buyback program second tranche under multi-year plan
Multi-year buyback program
€3.5 billion
Expected to be executed by 2030
Shares bought May 26–28, 2026
90,239 shares
Repurchased on EXM and NYSE in late May 2026
Consideration May 26–28, 2026
€25,756,176.92
Total paid for 90,239 shares in late May 2026
Second tranche EXM investment
€104,936,640.87
For 360,810 shares purchased on EXM since tranche announcement
Second tranche NYSE investment
$20,498,780.80
Equivalent to €17,552,737.06 for 62,087 shares on NYSE
Treasury shares held
17,842,568 shares
As of June 2, 2026, 9.20% of issued common shares
Cumulative 2026 buybacks
€383,247,462.96
For 1,308,342 shares from January 5 to June 2, 2026
Key Terms
share buyback program, multi-year share buyback program, treasury shares, special voting shares, +1 more
5 terms
Sell to Cover financial
"including transactions for Sell to Cover, for a total consideration of Euro 383,247,462.96"
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.
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 June 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 June 3, 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: June 3, 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 June 3, 2026.
Exhibit 99.1
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), June 3, 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 (€)* | ||||||||||||||||||||||
| 26/05/2026 | 20,000 | 289.0296 | 5,780,592.00 | 18,171 | 330.1916 | 5,999,911.56 | 5,157,221.56 | 38,171 | 286.5477 | 10,937,813.56 | ||||||||||||||||||||||
| 27/05/2026 | 40,000 | 284.6594 | 11,386,376.00 | 9,066 | 330.8682 | 2,999,651.10 | 2,577,684.20 | 49,066 | 284.5975 | 13,964,060.20 | ||||||||||||||||||||||
| 28/05/2026 | 3,002 | 284.5780 | 854,303.16 | — | — | — | — | 3,002 | 284.5780 | 854,303.16 | ||||||||||||||||||||||
| Total | 63,002 | 286.0428 | 18,021,271.16 | 27,237 | 330.4168 | 8,999,562.66 | 7,734,905.76 | 90,239 | 285.4218 | 25,756,176.92 | ||||||||||||||||||||||
(*) 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 2, 2026, the total invested consideration has been:
•Euro 104,936,640.87 for No. 360,810 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 2, 2026 the Company held in treasury No. 17,842,568 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.20% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.53% 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 June 2, 2026, the Company has purchased a total of 1,308,342 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 383,247,462.96.
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 much has Ferrari (RACE) invested in the second tranche of its €250 million buyback?
Since announcing the second tranche, Ferrari has invested €104,936,640.87 on Euronext Milan and $20,498,780.80 (about €17,552,737.06) on the NYSE. These purchases relate to the €250 million second tranche of its multi-year buyback.
What are Ferrari’s cumulative buybacks since January 5, 2026?
From January 5, 2026 to June 2, 2026, Ferrari purchased 1,308,342 of its own common shares on Euronext Milan and the NYSE. The total consideration paid under the multi-year buyback program over this period was €383,247,462.96.