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Ferrari (NYSE: RACE) details €13.1M late‑April share repurchases

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ferrari N.V. reports new activity under its Euro 250 million share buyback program, the second tranche of a multi-year plan of approximately Euro 3.5 billion expected to be executed by 2030. Between April 27 and April 30, 2026, the company repurchased 44,782 common shares on Euronext Milan for total consideration of Euro 13,123,742.12, at an average price of Euro 293.0584 per share, excluding fees.

Since the April 10, 2026 launch of this second tranche through May 1, 2026, Ferrari has invested Euro 42,799,547.81 to buy 141,819 common shares on Euronext Milan. As of May 1, 2026, Ferrari held 17,561,490 common shares in treasury, net of shares assigned under its equity incentive plan, equal to 9.06% of then total issued common shares. Including special voting shares, treasury holdings represented 9.42% of then total issued share capital. The cancellation of treasury shares approved by shareholders on April 15, 2026 had not yet been carried out and was not reflected in these percentages.

From the January 5, 2026 start of the multi-year buyback program through May 1, 2026, Ferrari purchased a cumulative 1,027,264 own common shares on Euronext Milan and the NYSE, including transactions for Sell to Cover, for total consideration of Euro 303,557,632.86.

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Late-April 2026 shares repurchased 44,782 common shares Bought on Euronext Milan between April 27–30, 2026
Late-April 2026 consideration Euro 13,123,742.12 Total buyback amount for 44,782 shares, excluding fees
Average repurchase price Euro 293.0584 per share Weighted average price for April 27–30, 2026 purchases
Second Tranche invested Euro 42,799,547.81 Invested from April 10, 2026 launch through May 1, 2026
Second Tranche size Euro 250 million Share buyback program announced April 10, 2026
Multi-year buyback capacity Approximately Euro 3.5 billion Program expected to be executed by 2030
Treasury common shares 17,561,490 shares Held as of May 1, 2026, equal to 9.06% of issued common shares
Cumulative buybacks since Jan 5, 2026 Euro 303,557,632.86 for 1,027,264 shares Own shares purchased on EXM and NYSE under multi-year program
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
"second tranche of the multi-year share buyback program of approximately Euro 3.5 billion"
treasury shares financial
"the Company held in treasury No. 17,561,490 common shares"
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 9.42%"
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"
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.
equity incentive plan financial
"net of shares assigned under the Company’s equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.



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 4, 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 4, 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 May 4, 2026.








Exhibit 99.1



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




Maranello (Italy), May 4, 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

(€)
27/04/2026EXM14,000297.82454,169,543.00
28/04/2026EXM12,279294.03523,610,458.22
29/04/2026EXM14,000289.40024,051,602.80
30/04/2026EXM4,503286.95051,292,138.10
Total44,782293.058413,123,742.12


Since the announcement of such Second Tranche till May 1, 2026, the total invested consideration has been:
Euro 42,799,547.81 for No. 141,819 common shares purchased on the EXM

As of May 1, 2026 the Company held in treasury No. 17,561,490 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.06% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.42% 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
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 May 1, 2026, the Company has purchased a total of 1,027,264 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 303,557,632.86.


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

What did Ferrari (RACE) announce in its May 2026 buyback update?

Ferrari reported additional share repurchases under its ongoing buyback plans. It detailed purchases made between April 27 and April 30, 2026, and summarized total activity since launching the second tranche in April and the broader multi-year program starting January 5, 2026.

How many Ferrari (RACE) shares were repurchased in late April 2026?

Ferrari bought 44,782 common shares on Euronext Milan between April 27 and April 30, 2026. These were acquired at an average price of about Euro 293.06 per share, for total consideration of approximately Euro 13.12 million, excluding fees.

What is the size of Ferrari’s current share buyback tranches and program?

Ferrari is executing a Euro 250 million share buyback program as the second tranche of a larger, multi-year share buyback program of approximately Euro 3.5 billion. The multi-year program is expected to be carried out by 2030, consistent with prior capital markets disclosures.

How much has Ferrari invested so far in the Second Tranche buyback?

From the April 10, 2026 announcement of the Second Tranche until May 1, 2026, Ferrari invested Euro 42,799,547.81. This amount was used to repurchase 141,819 common shares on Euronext Milan as part of the Euro 250 million tranche.

How many Ferrari (RACE) treasury shares were held as of May 1, 2026?

As of May 1, 2026, Ferrari held 17,561,490 common shares in treasury, net of equity incentive plan assignments. These treasury shares represented 9.06% of then total issued common shares and 9.42% of then total issued share capital including special voting shares.

What is Ferrari’s total buyback activity since January 5, 2026?

From January 5, 2026 through May 1, 2026, Ferrari purchased 1,027,264 own common shares on Euronext Milan and the NYSE. This cumulative activity, including Sell to Cover transactions, totaled Euro 303,557,632.86 in consideration under the multi-year buyback program.

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