[144] Wix.com Ltd. SEC Filing
Wix.com Ltd. (WIX) Form 144 notice shows a proposed sale of 6,579 ordinary shares through Oppenheimer & Co. with an aggregate market value of $1,190,733.21, to be sold on 09/18/2025 on Nasdaq. The filer reports these shares were acquired by exercising options on 07/11/2013 with 371,052 shares originally acquired on that date and cash paid upon exercise. The filing also discloses prior sales by the same person during the past three months: 172 shares on 09/02/2025 for $24,164.30, 58,824 shares on 09/11/2025 for $10,056,845.16, and 6,945 shares on 09/16/2025 for $1,252,073.77. The notice includes the standard Rule 144 attestation that the seller has no undisclosed material nonpublic information.
- Filer is following disclosure requirements by submitting a Form 144 under Rule 144, providing transparency about an intended sale
- Document specifies acquisition method and payment: shares were exercised from options on 07/11/2013 with cash upon exercise
- Filer reported substantial recent insider sales: 58,824 shares on 09/11/2025 for $10,056,845.16 and additional sales, indicating significant insider liquidity
- Proposed sale of 6,579 shares valued at $1,190,733.21 could further reduce insider holdings in a short period
Insights
TL;DR Insider plans to sell 6,579 shares under Rule 144; recent large disposals were already executed in September.
The filing is a routine Form 144 notice indicating compliance with Rule 144 for an intended sale of 6,579 ordinary shares valued at $1.19 million on Nasdaq. The shares were acquired via option exercise in 2013 and paid in cash at exercise, which is disclosed. Recent reported dispositions include a materially larger block of 58,824 shares on 09/11/2025 generating over $10.0 million, plus other smaller sales. From a trading-flow perspective, the filing documents permitted insider liquidity events rather than new corporate actions; it provides transparency on timing and volumes but contains no operating or financial performance data.
TL;DR Significant insider selling activity occurred in mid-September, which is governance-relevant but not itself evidence of misconduct.
The disclosure shows concentrated insider selling within a short window: combined reported sales in the past three months exceed 65,000 shares and generated over $11.3 million in gross proceeds. Such concentrated sales may warrant investor attention because they change insider ownership levels and could influence market supply for the stock. The filing includes the standard attestation about lack of undisclosed material information and indicates the seller is relying on Rule 144 procedures. There is no indication in this document of any regulatory breach or undisclosed company developments.