Gavin Patterson reports Wix.com (NASDAQ: WIX) initial share stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Wix.com Ltd. director Gavin Patterson filed an initial ownership report showing beneficial ownership of 6,170 Ordinary Shares. This position includes 1,656 unvested restricted stock units, each representing a contingent right to receive one Ordinary Share as they vest under existing award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patterson Gavin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 6,170 shares (Direct)
Footnotes (1)
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FAQ
What does Gavin Patterson’s Form 3 filing show for Wix.com (WIX)?
The Form 3 shows Gavin Patterson’s initial beneficial ownership in Wix.com Ltd. at 6,170 Ordinary Shares. This total includes granted but unvested restricted stock units that convert into Ordinary Shares as they vest according to their award terms.
How many unvested RSUs does Gavin Patterson hold in Wix.com (WIX)?
Gavin Patterson holds 1,656 unvested restricted stock units in Wix.com Ltd. Each RSU represents a contingent right to receive one Ordinary Share, subject to the vesting schedule and other terms specified in the applicable equity award agreements.
Does Gavin Patterson’s Form 3 reflect any recent buy or sell transactions in Wix.com (WIX)?
The Form 3 is an initial statement of beneficial ownership and does not reflect new buy or sell transactions. It simply reports Gavin Patterson’s existing holdings in Ordinary Shares and unvested restricted stock units at the time he became a reporting insider.
What does each RSU reported by Gavin Patterson represent for Wix.com (WIX)?
Each of the 1,656 restricted stock units represents a right to receive one Wix.com Ordinary Share in the future. Delivery of shares depends on satisfying vesting conditions detailed in the corresponding equity award documents governing those RSU grants.