🇺🇸 SECFerrari N.V.Qwen · 实盘不做把握 9/10不做原因:无增量信息
北京时间·🕒 发布 18:36:10·⟳ 抓取 18:36:30 +20s·⚡ 决策 09-08 20:44:13 +2h07m·49.2 天前
法拉利（RACE.US）向 SEC 提交 6-K，例行披露 2.5 亿欧元第三期回购在 9 月 2–4 日累计买入 35,641 股、耗资约 1,268 万欧元的执行进展
6-K 全文为回购计划的定期执行报告：第三期 2.5 亿欧元额度已于 2026-09-01 宣布，35 亿欧元多年期计划已于 2025 年资本市场日披露并在 2026-01-05 启动。本次新增内容只有 9 月 2–4 日的逐日买入股数、均价与金额，以及库存股占比与年初至今累计执行额，全部是既定方案下的计划内执行数据，没有额度上调、执行加速、注销安排、资金来源或业绩/指引变化。按资本配置分账原则，回购的首次方案才是催化，进展报告不得重复计算为新的定价事件；且金额相对市值与剩余额度极小，不存在可交易窗口内的正期望。因此对发行人 ADR 与普通股均给 AVOID，且无新增净负面事实，不输出 risk_signals。
📄 原文Ferrari N.V.↗ 原文
----- fnvbb070926prcov.htm ----- 6-K 1 fnvbb070926prcov.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSI…
不做 Ferrari N.V.（RACE.US）
例行回购执行进展报告，无新增可定价事实：第三期 2.5 亿欧元额度已于 2026-09-01 宣布、35 亿欧元多年期计划已于 2025 年资本市场日披露并于 2026-01-05 启动，本次只增加 9 月 2–4 日逐日买入股数/均价/金额（合计 35,641 股、约 12,678,039 欧元）与库存股占比（0.92%）。进展报告不重复计算首次催化，且金额相对市值与剩余额度可忽略，年初至今执行 5.23 亿欧元约占总额度 15%、节奏无意外，既无正期望的多头结构，也不存…
不做 Ferrari N.V.（Euronext Milan 普通股）（RACE.IT）
与 RACE.US 为同一发行人同一权益，催化完全相同；回购在 EXM 与 NYSE 两地分配执行属常规做法，未出现跨市场流动性或价差事件，无独立交易价值
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
事实：法拉利 N.V. 于 2026-09-08 10:36 UTC 向 SEC 提交 6-K，附件为 9 月 7 日新闻稿“PERIODIC REPORT ON THE BUYBACK PROGRAM”，披露 2026-09-02 至 09-04 在 EXM 买入 22,300 股（7,935,908.52 欧元）、在 NYSE 买入 13,341 股（5,499,903.54 美元 / 4,742,130.55 欧元），合计 35,641 股、约 12,678,039 欧元；库存股 1,626,445 股占 0.92%；年初至今累计 1,736,825 股、523,435,344.28 欧元。影响链：第三期 2.5 亿欧元额度与 35 亿欧元多年期计划均在此前已公开（分别为 2026-09-01 与 2025 年资本市场日/2026-01-05 启动），本次披露只是执行进度与库存股口径的例行更新，不改变每股价值、现金流指引、资本配置方向或经营基本面。证据/价格：文件为一手法定披露且内容自洽完整，无需外部补证；量级上三天约 1,268 万欧元相对约 700 亿美元级市值可忽略，年初至今执行约占总额度 15%，符合既定节奏，也没有加速或放缓的意外信号。结论：无新增可定价事实、无二阶传导链、无正期望交易结构，对 Ferrari N.V.（RACE.US）及其米兰普通股均判 AVOID
主要风险
- 若后续披露显示回购节奏大幅放缓或额度被下调/暂停，才会构成对既定股东回报承诺的实质变更，届时需重新评估方向；本份进展报告不含此类信息。
反向证据
- 做多前查反向 · 来源 filing · 日期 2026-09-07 · 影响 none
全文逐日买入均价与金额均在 2.5 亿欧元第三期额度内，年初至今 5.23 亿欧元约占 35 亿欧元总额度 15%，节奏与既定计划一致，未见加速、额度变更、注销决定或新的资本配置指引；库存股口径同时给出 0.92%（普通股）与 0.70%（含特别表决权股）两种算法，属常规披露而非信号
检索:回购进展报告是否隐含额度上调、执行加速、注销安排或资金来源变化等可交易增量 原文 ↗ - 做多前查反向 · 来源 search_processed_events · 日期 2026-09-08 · 影响 none
以 4 组自主生成的检索表达式（含中文/英文的第三期额度、6-K 进展报告、35 亿欧元多年期计划、库存股口径）在 72 小时窗口查询，返回 0 条候选；未命中不构成重复判定，但说明本次 AVOID 是基于文件性质而非去重
检索:跨源已处理消息检查：本次回购进展或 9 月 1 日第三期回购公告是否已被处理为同一催化 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例检索未改变标的、方向或仓位：结论完全由文件性质（进展报告 vs 首次方案）与量级决定；若未来出现额度上调或计划终止/削减，则需按资本配置事件重新做先例与定价研究
方向:无可用先例需要读取：回购执行进展报告本身不构成事件窗口，历史同类定期报告的+1/+3/+5 日反应无法与本份文件形成有意义的对齐
涨幅量级:未用先例校准幅度，因为本次判定基于“无新增可定价事实”，不需要 tp/sl 数字
形态:无见光死/高开低走判断需求；本条不是明牌利好的兑现型事件
工具执行结果 · 成功 2 · 降级 0 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 34 ms
{"result": "search_processed_events:agent query=`ferrari 35亿欧元 多年期回购 2030 | ferrari n.v. 6-k treasury shares buyback | ferrari n.v. 回购计划 第三期 2.5亿欧元 | race share buyback program periodic report`；结构化索引覆盖完整 72 小时；旧记录兼容扫描近 56.1/72 小时、327 条本臂决策(完整)，返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选，不能据此证明消息首发或不是重复； - fetch_decision_experience 成功 stock_tools HTTP · 8 ms
{
原文全文
展开原文 · 4,489 字
----- fnvbb070926prcov.htm -----
6-K
1
fnvbb070926prcov.htm
6-K
Document
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 September 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 September 7, 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: September 7, 2026
FERRARI 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 September 7, 2026.
----- fnvbb070926prex.htm -----
EX-99.1
2
fnvbb070926prex.htm
EX-99.1
Document
Exhibit 99.1
Ferrari N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), September 7, 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 September 1, 2026, as the third 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 “
Third 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
(€)*
02/09/2026
7,400
355.9820
2,634,266.80
7,250
413.7805
2,999,908.63
2,591,042.17
14,650
356.6764
5,225,308.97
03/09/2026
7,400
357.1828
2,643,152.72
—
—
—
—
7,400
357.1828
2,643,152.72
04/09/2026
7,500
354.4652
2,658,489.00
6,091
410.4408
2,499,994.91
2,151,088.38
13,591
353.8796
4,809,577.38
Total
22,300
355.8703
7,935,908.52
13,341
412.2557
5,499,903.54
4,742,130.55
35,641
355.715
12,678,039.07
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Third Tranche till September 4, 2026, the total invested consideration has been:
•
Euro 7,935,908.52 for No. 22,300 common shares purchased on the EXM
•
USD 5,499,903.54 (Euro 4,742,130.55*) for No. 13,341 common shares purchased on the NYSE.
As of September 4, 2026 the Company held in treasury No. 1,626,445 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.92% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.70% 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
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 September 4, 2026, the Company has purchased a total of 1,736,825 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 523,435,344.28.
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
6-K
1
fnvbb070926prcov.htm
6-K
Document
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 September 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 September 7, 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: September 7, 2026
FERRARI 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 September 7, 2026.
----- fnvbb070926prex.htm -----
EX-99.1
2
fnvbb070926prex.htm
EX-99.1
Document
Exhibit 99.1
Ferrari N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Maranello (Italy), September 7, 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 September 1, 2026, as the third 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 “
Third 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
(€)*
02/09/2026
7,400
355.9820
2,634,266.80
7,250
413.7805
2,999,908.63
2,591,042.17
14,650
356.6764
5,225,308.97
03/09/2026
7,400
357.1828
2,643,152.72
—
—
—
—
7,400
357.1828
2,643,152.72
04/09/2026
7,500
354.4652
2,658,489.00
6,091
410.4408
2,499,994.91
2,151,088.38
13,591
353.8796
4,809,577.38
Total
22,300
355.8703
7,935,908.52
13,341
412.2557
5,499,903.54
4,742,130.55
35,641
355.715
12,678,039.07
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Third Tranche till September 4, 2026, the total invested consideration has been:
•
Euro 7,935,908.52 for No. 22,300 common shares purchased on the EXM
•
USD 5,499,903.54 (Euro 4,742,130.55*) for No. 13,341 common shares purchased on the NYSE.
As of September 4, 2026 the Company held in treasury No. 1,626,445 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.92% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.70% 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
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 September 4, 2026, the Company has purchased a total of 1,736,825 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 523,435,344.28.
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
决策记录链 · 只追加
每次领取产生一条记录,重新决策追加一条并以 supersedes 指向被替代的记录(ADR 0014)。
这条决策早于决策账本(2026-10-08 起逐条追加),没有追加记录。