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Ferrari (NYSE: RACE) details progress on €3.5 billion share repurchase

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ferrari N.V. reported further progress on its share repurchase plans, buying 53,932 common shares on Euronext Milan between July 13 and 17, 2026 for €17,685,767.51 at an average price of €327.9272 per share under a €250 million second-tranche buyback.

Within this second tranche, Ferrari has invested €164,808,568.07 to repurchase 550,911 shares on Euronext Milan and USD 40,797,556.26 (equivalent to €35,241,239.97) for 118,319 shares on the NYSE. As of July 17, 2026 it held 1,444,295 treasury shares, 0.81% of issued common shares, and had cumulatively repurchased 1,554,675 shares for €460,807,893.07 under its multi-year approximately €3.5 billion buyback program expected to run through 2030.

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Filing Explained

Ferrari says the lower treasury-share percentage reflects completion of the share cancellation approved on April 15, 2026; as of July 17, 2026, treasury shares were 0.81% of issued common shares and 0.62% of total share capital including special voting shares.

Recent EXM shares repurchased 53,932 shares Purchased on Euronext Milan between July 13 and 17, 2026 under the €250 million second tranche
Recent EXM buyback consideration €17,685,767.51 Total consideration for 53,932 shares bought on Euronext Milan in July 13–17, 2026 trades
Second tranche EXM investment €164,808,568.07 Invested to repurchase 550,911 common shares on Euronext Milan under the €250 million second tranche
Second tranche NYSE investment USD 40,797,556.26 Spent for 118,319 common shares on the NYSE, equivalent to €35,241,239.97 in the second tranche
Treasury common shares 1,444,295 shares Treasury position as of July 17, 2026, equal to 0.81% of issued common shares
Total buybacks since Jan 5, 2026 1,554,675 shares Own common shares purchased on Euronext Milan and NYSE under the multi-year program
Total consideration since Jan 5, 2026 €460,807,893.07 Aggregate cost of 1,554,675 shares repurchased since the start of the multi-year program
Multi-year buyback program size approximately €3.5 billion Total planned share buyback amount expected to be executed by 2030
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.
Second Tranche financial
"as the second tranche of the multi-year share buyback program (the “Second Tranche”)"
treasury shares financial
"As of July 17, 2026 the Company held in treasury No. 1,444,295 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 of Euro 460,807,893.07"
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.
special voting shares financial
"Including the special voting shares, the Company held in treasury 0.62% 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.

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

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FAQ

What did Ferrari (RACE) repurchase in mid-July 2026 under its buyback program?
Ferrari repurchased 53,932 common shares on Euronext Milan between July 13 and 17, 2026 for total consideration of €17,685,767.51. The average purchase price was €327.9272 per share, as part of its €250 million second-tranche buyback program.

How large is Ferrari (RACE)'s current share buyback program?
Ferrari is executing a second-tranche share buyback of €250 million within a broader multi-year program of approximately €3.5 billion. The overall program is expected to be carried out by 2030, in line with plans presented at the 2025 Capital Markets Day.

How much has Ferrari (RACE) invested so far in the second tranche of its buyback?
By July 17, 2026, Ferrari invested €164,808,568.07 to repurchase 550,911 shares on Euronext Milan and USD 40,797,556.26 (equivalent to €35,241,239.97) for 118,319 shares on the NYSE. These amounts reflect cumulative spending for the announced second tranche.

How many treasury shares does Ferrari (RACE) hold as of July 17, 2026?
As of July 17, 2026 Ferrari held 1,444,295 common shares in treasury, equal to 0.81% of issued common shares. Including special voting shares, treasury holdings represented 0.62% of total issued share capital, reflecting completed share cancellations approved in April 2026.

What are Ferrari (RACE)'s total buybacks since the multi-year program started?
From January 5, 2026 to July 17, 2026 Ferrari repurchased 1,554,675 own common shares on Euronext Milan and the NYSE. The total consideration for these purchases under the multi-year buyback program amounted to €460,807,893.07, including transactions for Sell to Cover.

Why did Ferrari (RACE)'s treasury share percentage decline versus prior disclosures?
Ferrari states that the lower percentage of treasury shares versus earlier disclosures reflects the completion of share cancellations. These cancellations were approved by shareholders at the Annual General Meeting held on April 15, 2026, reducing the company’s total issued share capital.



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 July 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 July 20, 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: July 20, 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 July 20, 2026.








Exhibit 99.1



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





Maranello (Italy), July 20, 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

(€)
13/07/2026EXM10,000329.45453,294,545.00
14/07/2026EXM18,000325.05125,850,921.60
15/07/2026EXM6,420324.59642,083,908.89
17/07/2026EXM19,512330.89346,456,392.02
Total—53,932327.927217,685,767.51

(*) 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 July 17, 2026, the total invested consideration has been:
•Euro 164,808,568.07 for No. 550,911 common shares purchased on the EXM
•USD 40,797,556.26 (Euro 35,241,239.97*) for No. 118,319 common shares purchased on the NYSE.

As of July 17, 2026 the Company held in treasury No. 1,444,295 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.81% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.62% of the then total issued share capital. The lower percentage of treasury shares held compared with prior disclosures reflects








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










the completion of shares cancellation, as approved by the Annual General Meeting of Shareholders of the Company held on April 15, 2026.


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 July 17, 2026, the Company has purchased a total of 1,554,675 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 460,807,893.07.


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

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