Ferrari N.V. Completes Second Tranche and Announces Third Tranche of Share Repurchase Program

Ferrari N.V. (NYSE: RACE) has completed the second tranche of its multi-year share repurchase program and announced the commencement of the third tranche. The second tranche involved the repurchase of 655,884 common shares on the EXM and 159,855 common shares on the NYSE, totaling approximately €250 million. The third tranche will implement a resolution adopted by shareholders on April 15, 2026, authorizing the purchase of up to 10% of the company's common shares.