Ferrari updates progress on €3.5B share buyback

Ferrari N.V. provides an update on its multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030.

Rhea-AI Filing Summary

Ferrari N.V. provides an update on its multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030. Under the Euro 250 million second tranche, the company repurchased 58,000 common shares on Euronext Milan between April 20 and 24, 2026 for Euro 17,835,971.30, at an average price of Euro 307.5167 per share.

Since the announcement of this second tranche, Ferrari has invested Euro 29,675,805.69 to buy 97,037 common shares on EXM. As of April 24, 2026, Ferrari held 17,516,708 common shares in treasury, equal to 9.03% of total issued common shares, or 9.41% of total issued share capital including special voting shares. The cancellation of treasury shares approved at the April 15, 2026 Annual General Meeting has not yet been effectuated. Since January 5, 2026, the company has repurchased 982,482 common shares on EXM and NYSE, including Sell to Cover transactions, for a total of Euro 290,433,890.73.

Key Figures

Daily April purchases: 58,000 shares Total consideration (April 20–24): Euro 17,835,971.30 Average purchase price: Euro 307.5167/share +5 more

8 metrics

Daily April purchases 58,000 shares Bought on EXM between April 20–24, 2026

Total consideration (April 20–24) Euro 17,835,971.30 Cost of 58,000 shares on EXM

Average purchase price Euro 307.5167/share Weighted average April 20–24, 2026

Second tranche invested Euro 29,675,805.69 For 97,037 shares on EXM since April 10, 2026

Treasury common shares 17,516,708 shares Held as of April 24, 2026

Treasury stake (common) 9.03% Percentage of total issued common shares

Multi-year buyback value Euro 3.5 billion Program expected to be executed by 2030

Total buybacks since Jan 5, 2026 Euro 290,433,890.73 For 982,482 common shares on EXM and NYSE

Key Terms

share buyback program, multi-year share buyback program, treasury shares, special voting shares, +2 more

6 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.

multi-year share buyback program financial

"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. 17,516,708 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 9.41% 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 290,433,890.73"

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.

Annual General Meeting of Shareholders financial

"approved by the Annual General Meeting of Shareholders of the Company held on April 15, 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share buyback program is Ferrari (RACE) currently executing?

Ferrari is executing a multi-year share buyback program of approximately Euro 3.5 billion, expected to be carried out by 2030. Within this framework, it launched a Euro 250 million second tranche announced on April 10, 2026, focused on repurchasing common shares on EXM and NYSE.

How many Ferrari (RACE) shares were repurchased between April 20 and 24, 2026?

Between April 20 and 24, 2026 Ferrari repurchased 58,000 common shares on Euronext Milan. The total consideration was Euro 17,835,971.30, at an average price of Euro 307.5167 per share, with daily purchases ranging from 8,000 to 15,000 shares.

What has Ferrari invested so far in the second tranche of its 2026 buyback?

Since announcing the second tranche, Ferrari has invested Euro 29,675,805.69 to repurchase 97,037 common shares on Euronext Milan. These purchases form part of the Euro 250 million buyback tranche within the broader Euro 3.5 billion multi-year repurchase program.

How many treasury shares does Ferrari (RACE) hold as of April 24, 2026?

As of April 24, 2026 Ferrari held 17,516,708 common shares in treasury, net of equity incentive plan assignments. This represents 9.03% of total issued common shares and 9.41% of total issued share capital when including special voting shares.

What is the total value of Ferrari’s buybacks since January 5, 2026?

Since January 5, 2026 Ferrari has repurchased 982,482 of its own common shares on EXM and NYSE, including Sell to Cover transactions. The aggregate consideration for these buybacks amounts to Euro 290,433,890.73 under the multi-year share repurchase program.

Have Ferrari’s treasury shares been cancelled following the April 2026 AGM approval?

Ferrari shareholders approved the cancellation of treasury shares at the April 15, 2026 Annual General Meeting. However, this cancellation has not yet been effectuated, so it is not reflected in the reported percentages of issued common shares and share capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/27/2026 - 01:50 PM EDT Learn about SEC filing dates

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 27, 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 27, 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 April 27, 2026.

Exhibit 99.1

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

Maranello (Italy), April 27, 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) as follows:

Trading Date (dd/mm/yyyy)			Stock  Exchange			Number of common shares purchased			Average price per share excluding fees (€)			Consideration  excluding fees (€)
20/04/2026			EXM			8,000			312.3466			2,498,772.80
21/04/2026			EXM			10,000			313.1445			3,131,445.00
22/04/2026			EXM			15,000			308.2311			4,623,466.50
23/04/2026			EXM			15,000			305.3158			4,579,737.00
24/04/2026			EXM			10,000			300.2550			3,002,550.00
Total			—			58,000			307.5167			17,835,971.30

Since the announcement of such Second Tranche till April 24, 2026, the total invested consideration has been:

•Euro 29,675,805.69 for No. 97,037 common shares purchased on the EXM

As of April 24, 2026 the Company held in treasury No. 17,516,708 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.03% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.41% 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 April 24, 2026, the Company has purchased a total of 982,482 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 290,433,890.73.

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

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 21.7 KB