Filing Details

Accession Number:
0000950170-25-033256
Form Type:
13D Filing
Publication Date:
2025-03-04 19:00:00
Filed By:
Exor N.V.
Company:
Ferrari N.v. (NYSE:RACE)
Filing Date:
2025-03-05
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Exor N.V. 37,768,613 0 37,768,613 0 56,662,908 31.8%
Piero Ferrari 18,894,295 0 0 0 56,662,908 31.8%
Trust Piero Ferrari 0 0 0 18,894,295 56,662,908 31.8%
Enzo Mattioli Ferrari, in his capacity as a trustee 0 0 0 18,894,295 56,662,908 31.8%
Franco Ravanetti, in his capacity as a guardian 0 0 0 18,894,295 56,662,908 31.8%
Filing





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D



Comment for Type of Reporting Person:
Note 1: With respect to item 7 above, each of Exor N.V. ("Exor") and Trust Piero Ferrari participate in the loyalty voting program of Ferrari N.V. ("Ferrari" or the "Issuer"), which enables qualifying common shareholders to hold one special voting share for each common share they hold. Each special voting share is entitled to one vote, therefore attributing, in effect, double voting rights to the associated common share. The special voting shares have only de minimis economic entitlements, in compliance with Dutch law and they are transferrable only in very limited circumstances together with the associated common share. As a consequence of participating in the loyalty voting program, Exor beneficially owns, in addition to the common shares indicated above, 37,768,613 special voting shares of Ferrari. As noted below, Trust Piero Ferrari has the bare ownership of 18,892,160 special voting shares of Ferrari, of which Piero Ferrari has usufruct; such usufruct includes the voting rights of the special voting shares. Note 2: With respect to item 11 above, this includes (i) 37,768,613 Ferrari common shares owned by Exor and (ii) 18,894,295 Ferrari common shares of which Trust Piero Ferrari has bare ownership and Piero Ferrari has usufruct. Exor, Piero Ferrari and Trust Piero Ferrari are party to a Shareholders' Agreement the terms of which are described in Item 6. Note 3: With respect to item 13 above, this percentage does not take into account voting rights arising from the Issuer's loyalty voting program referred to in footnote 1. Taking into account Exor's ownership of special voting shares, Exor's voting power in the Issuer is approximately 32.2%, Piero Ferrari's voting power in the Issuer is approximately 16.1% and in aggregate their voting power in Ferrari is approximately 48.3%. These percentages are calculated as the ratio of (i) the aggregate number of common shares and special voting shares beneficially owned by the Reporting Persons to (ii) the total number of outstanding common shares and outstanding special voting shares of Ferrari.


SCHEDULE 13D



Comment for Type of Reporting Person:
Note 4: With respect to item 7 above, this includes 18,894,295 common shares of Ferrari of which Mr. Ferrari has usufruct. In addition to the common shares indicated above, Mr. Ferrari also has sole voting power over 18,892,160 special voting shares of Ferrari of which he has usufruct. As described below, Trust Piero Ferrari has the bare ownership of such common shares and special voting shares; bare ownership of the shares does not include the voting rights of such shares. Note 5: With respect to item 11 above, please also refer to "Note 2" above. Note 6: With respect to item 13 above, please also refer to "Note 3" above.


SCHEDULE 13D



Comment for Type of Reporting Person:
Note 7: With respect to item 10 above, this includes 18,894,295 common shares of Ferrari of which Trust Piero Ferrari has bare ownership. In addition to the common shares indicated above, Trust Piero Ferrari also has bare ownership of 18,892,160 special voting shares of Ferrari. As indicated above, Piero Ferrari has usufruct of such common shares and special voting shares. Enzo Mattioli Ferrari serves as trustee and Franco Ravanetti serves as guardian of Trust Piero Ferrari, and therefore may be deemed to have shared dispositive power as trustee and guardian, respectively. Note 8: With respect to item 11 above, please also refer to "Note 2" above. Note 9: With respect to item 13 above, please also refer to "Note 3" above.


SCHEDULE 13D



Comment for Type of Reporting Person:
Note 10: With respect to item 10 above, this includes 18,894,295 common shares held by Trust Piero Ferrari, of which Mr. Mattioli Ferrari serves as trustee and may be deemed to have shared dispositive power. In addition to the common shares indicated above, Trust Piero Ferrari also has bare ownership of 18,892,160 special voting shares of Ferrari. Note 11: With respect to item 11 above, please also refer to "Note 2" above. Note 12: With respect to item 13 above, please also refer to "Note 3" above.


SCHEDULE 13D



Comment for Type of Reporting Person:
Note 13: With respect to item 10 above, this includes 18,894,295 common shares held by Trust Piero Ferrari, of which Mr. Ravanetti serves as guardian and may be deemed to have shared dispositive power. In addition to the common shares indicated above, Trust Piero Ferrari also has bare ownership of 18,892,160 special voting shares of Ferrari. Note 14: With respect to item 11 above, please also refer to "Note 2" above. Note 15: With respect to item 13 above, please also refer to "Note 3" above.


SCHEDULE 13D

 
Exor N.V.
 
Signature:/s/ Guido De Boer
Name/Title:Guido De Boer, Chief Financial Officer
Date:03/05/2025
 
Piero Ferrari
 
Signature:/s/ Piero Ferrari
Name/Title:Piero Ferrari
Date:03/05/2025
 
Trust Piero Ferrari
 
Signature:/s/ Enzo Mattioli Ferrari
Name/Title:Enzo Mattioli Ferrari, Trustee
Date:03/05/2025
 
Enzo Mattioli Ferrari, in his capacity as a trustee
 
Signature:/s/ Enzo Mattioli Ferrari
Name/Title:Enzo Mattioli Ferrari
Date:03/05/2025
 
Franco Ravanetti, in his capacity as a guardian
 
Signature:/s/ Franco Ravanetti
Name/Title:Franco Ravanetti
Date:03/05/2025