Press Releases March 30, 2026

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

Ferrari reports progress on multi-year €3.5 billion share buyback program

By Nina Shah RACE
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
RACE

Ferrari N.V. has disclosed its periodic share repurchase activities under the first tranche of its announced €3.5 billion multi-year buyback program, detailing purchases on both Euronext Milan and the New York Stock Exchange. Since the program's start in January 2026 through March, Ferrari acquired over 737,000 shares, investing approximately €217 million, increasing treasury holdings to nearly 9.36% of issued share capital.

Key Points

  • Ferrari is executing a multi-year share buyback program totaling about €3.5 billion through 2030.
  • The company repurchased 737,600 shares from January to March 2026, spending around €217 million.
  • Treasury shares now represent approximately 9.36% of Ferrari's total issued share capital, including special voting shares.

Maranello (Italy), March 30 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 December 16, 2025, as the first 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 “First 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:

 EXMNYSETotalTradingNumber of common shares purchased





Average price per shareConsideration excluding feesNumber of common shares purchased





Average price per shareConsideration excluding feesConsideration excluding feesNumber of common shares purchased





Average price per shareConsideration excluding feesDateexcluding fees excluding fees  excluding fees (d/m/y)(€)(€)($)($)(€)*(€)*(€)*        23/03/202616,000278.83704,461,392.00----16,000278.83704,461,392.0024/03/202616,500280.57674,629,515.55----16,500280.57674,629,515.5525/03/202620,000279.04205,580,840.0010,893321.28233,499,728.093,019,089.1130,893278.37798,599,929.1126/03/202616,000279.00754,464,120.00----16,000279.00754,464,120.0027/03/202617,500280.49954,908,741.2510,966319.15793,499,885.533,038,886.4628,466279.19727,947,627.71 86,000



279.5885



24,044,608.80



21,859



320.2166



6,999,613.63



6,057,975.56



107,859



279.0920



30,102,584.36



Total 

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such First Tranche till March 27, 2026, the total invested consideration has been:

  • Euro 177,022,572.30 for No. 600,493 common shares purchased on the EXM
  • USD 46,497,413.69 (Euro 40,205,086.77*) for No. 137,107 common shares purchased on the NYSE.

As of March 27, 2026 the Company held in treasury No. 17,382,206 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.96% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.36% of the total issued share capital.

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 March 27, 2026, the Company has purchased a total of 737,600 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 217,227,659.06.

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: [email protected]

Attachment

  • FNV BB PR 30 March 2026 ENG

Risks

  • Share buybacks depend on market conditions and currency fluctuations, potentially affecting timing and costs.
  • Significant treasury stock holdings could impact liquidity and investor perceptions.
  • Extended buyback programs may constrain capital allocation flexibility for other strategic investments.

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