Wix CFO Lior Shemesh Sells Shares After ESPP Purchase

What Happened

Lior Shemesh, Chief Financial Officer of Wix.com Ltd. (WIX), purchased 456 ordinary shares under the company's ESPP on August 31, 2026 at $59.89 ($27,310 total) and sold the same 456 shares in an open-market sale on September 1, 2026 at $95.00 ($43,320 total), realizing roughly $16,010 in gross proceeds. The purchase (code P) was an ESPP acquisition; the disposal (code S) was an open-market sale the next trading day.

Key Details

• Transactions:
  • 2026-08-31: Purchase (ESPP) — 456 shares @ $59.89 = $27,310 (Footnote F1: acquired under Wix’s 2013 ESPP)
  • 2026-09-01: Sale (open market) — 456 shares @ $95.00 = $43,320
• Net proceeds (approx.): $16,010
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: Report filed 2026-09-02; transactions occurred 8/31 and 9/1. Filing appears within normal Form 4 reporting window (not indicated as late).
• Transaction codes: P = Purchase, S = Sale. Footnote F1 confirms the Aug 31 purchase was via the ESPP.

Context

• ESPP purchases are employee benefit plan transactions; employees often sell shares shortly after purchase for liquidity or tax reasons. The rapid resale here is factual (bought 8/31, sold 9/1) but does not, by itself, indicate the insider’s view of the company’s long-term prospects.