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Ferrari (NYSE: RACE) details €479M multi-year share buyback progress

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Form Type
6-K

Rhea-AI Filing Summary

Ferrari N.V. repurchased 57,800 common shares on Euronext Milan between July 20 and 24, 2026, spending €18,574,242.14 at an average price of €321.3537 under the €250 million second tranche of its share buyback program.

Since the second tranche was announced, Ferrari has invested €183,382,810.21 for 608,711 shares on EXM and USD 40,797,556.26 (Euro 35,241,239.97) for 118,319 shares on NYSE. As of July 24, 2026 it held 1,502,095 treasury shares, 0.85% of issued common shares and 0.64% of total share capital including special voting shares.

From the January 5, 2026 start of its approximately €3.5 billion multi-year buyback, Ferrari has repurchased 1,612,475 own shares on EXM and NYSE for total consideration of €479,382,135.21.

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Latest repurchase volume 57,800 shares Common shares bought on Euronext Milan between July 20-24, 2026
Latest repurchase consideration €18,574,242.14 Total consideration excluding fees for 57,800 shares in the latest period
Second tranche EXM purchases 608,711 shares Total common shares bought on EXM in the second tranche to July 24, 2026
Second tranche EXM consideration €183,382,810.21 Invested on EXM under the second-tranche buyback through July 24, 2026
Second tranche NYSE consideration USD 40,797,556.26 Amount spent buying 118,319 common shares on NYSE in the second tranche
Treasury shares held 1,502,095 shares Treasury position as of July 24, 2026, equal to 0.85% of issued common shares
Multi-year buyback total volume 1,612,475 shares Own common shares bought on EXM and NYSE since January 5, 2026
Multi-year buyback total consideration €479,382,135.21 Aggregate spend on share repurchases under the multi-year program to July 24, 2026
share buyback program financial
"under the Euro 250 million share buyback program announced"
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. 1,502,095 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.
special voting shares financial
"Including the special voting shares, the Company held in treasury 0.64%"
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 its latest buyback update?
Ferrari repurchased 57,800 common shares on Euronext Milan between July 20 and 24, 2026, for total consideration of €18,574,242.14. The average purchase price over these trades was about €321.35 per share, excluding fees, under its second-tranche buyback.

How much has Ferrari (RACE) invested so far in the second buyback tranche?
In the second tranche, Ferrari has invested €183,382,810.21 for 608,711 shares on EXM and USD 40,797,556.26 (Euro 35,241,239.97) for 118,319 shares on NYSE. These amounts reflect purchases through July 24, 2026.

How many treasury shares does Ferrari (RACE) currently hold?
As of July 24, 2026, Ferrari held 1,502,095 common shares in treasury, equal to 0.85% of its issued common shares. Including special voting shares, treasury holdings represented 0.64% of total issued share capital at that date.

What is the total size of Ferrari’s (RACE) multi-year buyback program?
Ferrari is executing a multi-year share buyback program of approximately €3.5 billion, expected to run through 2030. The current €250 million second tranche forms part of this broader capital return framework outlined at the 2025 Capital Markets Day.

How many shares has Ferrari (RACE) repurchased since January 5, 2026?
Since January 5, 2026, Ferrari has repurchased a total of 1,612,475 own common shares on EXM and NYSE, including Sell to Cover transactions. The aggregate consideration for these purchases amounts to €479,382,135.21 under its multi-year buyback program.

On which exchanges is Ferrari (RACE) executing its share buybacks?
Ferrari executes its share buybacks on both Euronext Milan (EXM) and the New York Stock Exchange (NYSE). In the second tranche, 608,711 shares were bought on EXM and 118,319 shares on NYSE through July 24, 2026.



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 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: July 27, 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 27, 2026.








Exhibit 99.1



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





Maranello (Italy), July 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

(€)
20/07/2026EXM16,000327.48855,239,816.00
22/07/2026EXM8,800325.69032,866,074.64
23/07/2026EXM18,000319.19905,745,582.00
24/07/2026EXM15,000314.85134,722,769.50
Total—57,800321.353718,574,242.14

(*) 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 24, 2026, the total invested consideration has been:
•Euro 183,382,810.21 for No. 608,711 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 24, 2026 the Company held in treasury No. 1,502,095 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.85% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.64% 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 July 24, 2026, the Company has purchased a total of 1,612,475 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 479,382,135.21.


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

Source: View Original Filing on SEC EDGAR

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