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Wix Co-Founder Plans Major Stock Exit: 75,000 Shares from 2020 Holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144/A

Rhea-AI Filing Summary

Wix.com has filed a Form 144/A notice for a proposed sale of 75,000 ordinary shares through J.P. Morgan Securities LLC. The shares have an aggregate market value of $11,424,000, with the sale planned for June 9, 2025 on the NASDAQ exchange.

Key details of the transaction:

  • The shares were originally acquired as Founder shares from the issuer on April 7, 2020
  • The sale represents approximately 0.13% of total outstanding shares (56,107,932 shares)
  • No other securities were sold by the seller during the past 3 months

This amended Form 144 filing indicates insider trading activity from a founder, suggesting a planned liquidation of a portion of their holdings. The seller has certified they are not aware of any undisclosed material adverse information regarding the company's operations.

Positive

  • None.

Negative

  • Founder plans to sell 75,000 shares worth $11.42M, representing approximately 0.13% of total outstanding shares

144/A: Filer Information

144/A: Issuer Information

144/A: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

144/A: Remarks and Signature

FAQ

How many WIX shares are being sold by the insider according to the June 2025 Form 144/A?

According to the Form 144/A filing, 75,000 ordinary shares of WIX.com are being proposed for sale through J.P. Morgan Securities LLC.

What is the market value of WIX shares being sold in this Form 144/A transaction?

The aggregate market value of the shares being sold is $11,424,000, representing 75,000 ordinary shares of WIX.com.

When did the WIX insider originally acquire these shares being sold?

The shares were originally acquired on April 7, 2020 as founder shares from the issuer (WIX.com).

What percentage of WIX's outstanding shares are being sold in this Form 144/A?

The 75,000 shares being sold represent approximately 0.13% of WIX's total outstanding shares, which are reported as 56,107,932 shares.

When is the planned sale date for these WIX shares according to the Form 144/A?

The approximate date of sale is indicated as June 9, 2025, through the NASDAQ exchange.
Wix.com

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