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Ferrari (NYSE: RACE) details €21M in share repurchases in May 2026

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Rhea-AI Filing Summary

Ferrari N.V. reports progress on its multi-year share buyback program. Under the €250 million second tranche, the company repurchased 73,191 common shares between May 4 and May 8, 2026 for a total consideration of €21,038,118.49 across Euronext Milan and the NYSE.

Since the start of this second tranche, Ferrari has invested €61,289,221.91 for 206,134 shares on Euronext Milan and $2,999,519.05 (equivalent to €2,548,444.39) for 8,876 shares on the NYSE. As of May 8, 2026, Ferrari held 17,634,681 treasury shares, equal to 9.09% of issued common shares and 9.45% of total share capital including special voting shares.

From January 5, 2026 to May 8, 2026, within the broader approximately €3.5 billion buyback program expected to be executed by 2030, the company repurchased 1,100,455 own common shares for a total consideration of €324,595,751.34.

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Second tranche size €250 million Share buyback program second tranche announced April 10, 2026
Multi-year buyback program €3.5 billion Program expected to be executed by 2030
May 4–8, 2026 repurchases 73,191 shares; €21,038,118.49 Total shares and consideration across EXM and NYSE
Second tranche spent on EXM €61,289,221.91 206,134 shares purchased on Euronext Milan
Second tranche spent on NYSE $2,999,519.05 / €2,548,444.39 8,876 shares purchased on NYSE, euro value via ECB rates
Treasury shares held 17,634,681 shares As of May 8, 2026, 9.09% of issued common shares
Shares repurchased since Jan 5, 2026 1,100,455 shares; €324,595,751.34 Total repurchases on EXM and NYSE under multi-year program
Average price May 4–8, 2026 €287.4413 per share Blended average for 73,191 shares repurchased
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
"as the second tranche of the multi-year share buyback program of approximately Euro 3.5 billion"
treasury shares financial
"As of May 8, 2026 the Company held in treasury No. 17,634,681 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 9.45% 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 324,595,751.34."
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
"the cancellation of treasury shares, as approved by the Annual General Meeting of Shareholders of the Company held on April 15, 2026"
Form 6-K: How Foreign Companies Report to the SEC →



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 11, 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 11, 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 11, 2026.





Exhibit 99.1

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


Maranello (Italy), May 11, 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) 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




(€)*

04/05/202617,000290.42674,937,253.90————17,000290.42674,937,253.90
05/05/202611,284286.39193,231,646.20————11,284286.39193,231,646.20
06/05/202616,803283.75284,767,898.30————16,803283.75284,767,898.30
07/05/202611,228287.90353,232,580.508,876337.93592,999,519.052,548,444.3920,104287.55605,781,024.89
08/05/20268,000290.03692,320,295.20————8,000290.03692,320,295.20
Total64,315287.486218,489,674.108,876337.93592,999,519.052,548,444.3973,191287.441321,038,118.49

(*) 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 May 8, 2026, the total invested consideration has been:
•Euro 61,289,221.91 for No. 206,134 common shares purchased on the EXM
•USD 2,999,519.05 (Euro 2,548,444.39*) for No. 8,876 common shares purchased on the NYSE.

As of May 8, 2026 the Company held in treasury No. 17,634,681 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 9.09% of the then total issued common shares. Including the special voting shares, the Company held in treasury 9.45% 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 8, 2026, the Company has purchased a total of 1,100,455 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 324,595,751.34.


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

FAQ

What share buybacks did Ferrari (RACE) complete in early May 2026?

Ferrari repurchased 73,191 common shares between May 4 and May 8, 2026, spending €21,038,118.49 across Euronext Milan and the NYSE. These purchases form part of the €250 million second tranche of its multi-year share buyback program.

How far along is Ferrari (RACE) in its €250 million second buyback tranche?

Since the second tranche began, Ferrari has spent €61,289,221.91 on 206,134 shares on Euronext Milan and $2,999,519.05 (about €2,548,444.39) on 8,876 shares on the NYSE. These purchases reduce the remaining capacity under the €250 million tranche.

How many Ferrari (RACE) shares are currently held in treasury?

As of May 8, 2026, Ferrari held 17,634,681 treasury common shares, equal to 9.09% of issued common shares. Including special voting shares, treasury holdings represented 9.45% of total issued share capital, pending cancellation approved by shareholders.

What is the total size and timeline of Ferrari’s multi-year buyback program?

Ferrari’s multi-year share buyback program is approximately €3.5 billion and is expected to be executed by 2030. It was announced during the 2025 Capital Markets Day and includes multiple tranches, such as the current €250 million second tranche.

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

From January 5, 2026 to May 8, 2026, Ferrari repurchased 1,100,455 own common shares on Euronext Milan and the NYSE, including Sell to Cover transactions. The total consideration for these purchases was €324,595,751.34 under the multi-year buyback program.

What average prices did Ferrari pay for its May 2026 share repurchases?

During May 4–8, 2026, Ferrari paid an average of €287.4413 per share across 73,191 repurchased shares. Daily average prices on Euronext Milan ranged around €283.75 to €290.43, with NYSE purchases translated into euros using European Central Bank reference rates.

Filing Exhibits & Attachments

1 document

Press Releases