Wix President Nir Zohar 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 a weighted average price of $95. The transaction is described as routine in nature and disclosed via an SEC Form 4 filing. The shares were acquired through Wix’s long-standing employee plan, with Zohar retaining over 662,000 beneficially owned shares post-transaction, valued at approximately $58.6 million based on the closing price of September 1, 2026 ($88.38). The stock has delivered a one-year total return of -37% as of August 31, reflecting ongoing market concerns about Wix's ability to compete in an AI-driven digital landscape. Wix continues to operate with strong revenue generation despite net losses, reporting $2.1 billion trailing twelve months (TTM) revenue and a current market cap of $3.2 billion.
Tickers: $WIX
Topics: insider trading SEC filings Wix.com