Ferrari N.V. has completed the second tranche of its multi-year share buyback program, spending €199,999,777.22 to purchase 655,884 common shares on Euronext Milan and $58,001,993.62, equivalent to €49,999,442.96, for 159,855 shares on the New York Stock Exchange. The company plans to begin a third tranche of up to €250 million on September 2, 2026, with purchases expected to end no later than December 16. The third tranche comprises a non-discretionary mandate of up to €200 million on Euronext Milan and an additional mandate of up to €50 million on the NYSE. Since January 5, Ferrari has bought 1,701,184 own common shares for total consideration of €510,757,305.21, including Sell to Cover transactions. As of August 28, the company held 1,590,804 treasury common shares net of shares assigned under its equity incentive plan, representing 0.90% of issued common shares and 0.68% of issued share capital including special voting shares. Ferrari shares trade under the ticker RACE on the NYSE and Euronext Milan.