Wix President Buys and Sells Shares Immediately After Purchase
Nir Zohar, president of Wix.com Ltd., along with his spouse, purchased 647 ordinary shares on August 31, 2026 under the company's Employee Share Purchase Plan at $59.89 per share and sold them the next day for $95 each. The transaction is described as a routine equity acquisition disclosed in an SEC Form 4 filing. The stock closed at $88.38 on September 1, indicating that Zohar's shares were sold above both the purchase price and the closing market value of the following day. Post-transaction, he retains over 662,000 beneficially owned shares with a total estimated market value of approximately $58.6 million as of September 1. Wix.com reported trailing twelve-month revenue of $2.1 billion but remains unprofitable with net losses totaling -$174.6 million for the same period. The company has been integrating AI capabilities, including its acquisition of Base44 in June 2025 to address concerns about obsolescence due to advancements in artificial intelligence.
Tickers: $WIX
Topics: SEC filing stock transaction Wix.com