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Ferrari buys back €15M in shares in 5 days

Ferrari continues its multi-year €3.5 billion share buyback, detailing recent purchases and current treasury share levels.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ferrari N.V. (RACE) reports continued execution of its share repurchase activity under the €250 million Third Tranche of a multi-year buyback program of approximately €3.5 billion expected to be executed by 2030. Between September 7 and 11, 2026, Ferrari repurchased 42,707 common shares across Euronext Milan and the NYSE for a total consideration of €15,016,756.32, based on average daily prices reported in euros and dollars. Since the start of the multi-year buyback on January 5, 2026 through September 11, 2026, Ferrari has cumulatively repurchased 1,779,532 common shares for €538,452,100.59. As of September 11, 2026, Ferrari held 1,669,152 treasury common shares, representing 0.94% of total issued common shares, or 0.71% of total issued share capital including special voting shares.

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Filing Explained

Ferrari reports that the Third Tranche had already funded €20,807,256.73 for 58,800 common shares on EXM and $7,999,733.07 (€6,887,538.65) for 19,548 common shares on NYSE through September 11, 2026, showing purchases—not just the €250 million authorization—had begun.

Shares repurchased Sept 7–11, 2026 42,707 shares Total common shares bought on EXM and NYSE during the week
Consideration Sept 7–11, 2026 €15,016,756.32 Total consideration excluding fees for 42,707 shares
Third Tranche size €250 million Share buyback tranche announced September 1, 2026
Multi-year buyback program €3.5 billion Approximate total expected to be executed by 2030
Cumulative shares repurchased since Jan 5, 2026 1,779,532 shares Total own common shares bought on EXM and NYSE
Cumulative buyback consideration €538,452,100.59 Total consideration for 1,779,532 shares since program start
Treasury common shares 1,669,152 shares Held as of September 11, 2026, net of equity incentive plan
Treasury ownership percentage (common) 0.94% Portion of total issued common shares in treasury
share buyback program financial
"under the Euro 250 million share buyback program announced on September 1, 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
"the multi-year share buyback program of approximately Euro 3.5 billion"
special voting shares financial
"Including the special voting shares, the Company held in treasury 0.71%"
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.
treasury shares financial
"the Company held in treasury No. 1,669,152 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.
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.

FAQ

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

What did Ferrari N.V. (RACE) announce in this Form 6-K?

Ferrari reported recent activity under its €250 million Third Tranche share buyback, including purchases between September 7 and 11, 2026, and updated totals for shares repurchased and treasury holdings since the multi-year buyback began on January 5, 2026.

How many Ferrari (RACE) shares were repurchased from September 7–11, 2026?

Ferrari repurchased 42,707 common shares from September 7–11, 2026, across Euronext Milan and the NYSE, for a total consideration of €15,016,756.32, based on average prices reported in euros and translated equivalents.

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

The disclosed repurchases are under a €250 million Third Tranche, part of a multi-year share buyback program of approximately €3.5 billion expected to be executed by 2030, as outlined during Ferrari’s 2025 Capital Markets Day.

How many Ferrari (RACE) shares has the company repurchased since January 5, 2026?

Since January 5, 2026 through September 11, 2026, Ferrari has purchased a total of 1,779,532 own common shares on Euronext Milan and the NYSE, including Sell to Cover transactions, for a total consideration of €538,452,100.59.

What percentage of Ferrari’s capital is held in treasury as of September 11, 2026?

As of September 11, 2026, Ferrari held 1,669,152 common shares in treasury, corresponding to 0.94% of total issued common shares and 0.71% of total issued share capital when including special voting shares.

On which exchanges did Ferrari (RACE) execute these buyback transactions?

Ferrari executed its reported share repurchases on Euronext Milan (EXM) and the New York Stock Exchange (NYSE), with daily details given for number of shares, average price per share, and total consideration on each market.

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

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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 September 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 September 14, 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: September 14, 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 September 14, 2026.



Exhibit 99.1



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


Maranello (Italy), September 14, 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 September 1, 2026, as the third 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 “Third 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




(€)*

07/09/20267,000356.11032,492,772.107,000356.11032,492,772.10
08/09/20267,600352.66022,680,217.527,600352.66022,680,217.52
09/09/20267,100348.72432,475,942.536,207402.74362,499,829.532,145,408.1113,307347.28724,621,350.64
10/09/20267,400351.95142,604,440.367,400351.95142,604,440.36
11/09/20267,400353.78052,617,975.707,400353.78052,617,975.70
Total36,500352.639712,871,348.216,207402.74362,499,829.532,145,408.1142,707351.622815,016,756.32

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

Since the announcement of such Third Tranche till September 11, 2026, the total invested consideration has been:
Euro 20,807,256.73 for No. 58,800 common shares purchased on the EXM
USD 7,999,733.07 (Euro 6,887,538.65*) for No. 19,548 common shares purchased on the NYSE.

As of September 11, 2026 the Company held in treasury No. 1,669,152 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.94% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.71% of the then 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 September 11, 2026, the Company has purchased a total of 1,779,532 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 538,452,100.59.


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:
Ferrari Media & PR
Email: media@ferrari.com
2

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