Wix Completes $200 Million Share Buyback Program

TL;DR

Wix just finished buying back $200M in stock. Buyback complete!

AI Summary

On January 22, 2025, Wix.com Ltd. announced the completion of its previously announced $200 million share repurchase program. This program was initiated to return capital to shareholders and manage its equity.

Why It Matters

The completion of the buyback program indicates Wix's commitment to returning capital to shareholders and potentially signals confidence in the company's valuation.

Risk Assessment

Risk Level: low — This filing is a routine announcement of a completed share repurchase program, which is a common corporate action.

Key Numbers

• $200 million — Share Repurchase Program (Total amount of shares repurchased by Wix.com Ltd.)

Key Players & Entities

• Wix.com Ltd. (company) — Registrant
• $200 million (dollar_amount) — Share repurchase program amount
• January 22, 2025 (date) — Announcement date
• NASDAQ: WIX (company) — Stock ticker

FAQ

From the Filing

0001628280-25-002121.txt : 20250122 0001628280-25-002121.hdr.sgml : 20250122 20250122113355 ACCESSION NUMBER: 0001628280-25-002121 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250122 FILED AS OF DATE: 20250122 DATE AS OF CHANGE: 20250122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wix.com Ltd. CENTRAL INDEX KEY: 0001576789 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36158 FILM NUMBER: 25544414 BUSINESS ADDRESS: STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV STATE: L3 ZIP: 000000 BUSINESS PHONE: 97235454900 MAIL ADDRESS: STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV STATE: L3 ZIP: 000000 FORMER COMPANY: FORMER CONFORMED NAME: Wixpress Ltd. DATE OF NAME CHANGE: 20130513 6-K 1 wix-6xkxcompletionof200msh.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of January 2025 Commission File Number: 001-36158 Wix.com Ltd. (Translation of registrant’s name into English) 5 Yunitsman St., Tel Aviv, Israel, 6936025 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ EXPLANATORY NOTE On January 22, 2025, Wix.com Ltd. (NASDAQ: WIX) issued a press release titled “Wix Announces Completion of $200 Million Share Repurchase Program”. A copy of this press release is attached to this Form 6-K as Exhibit 99.1 . SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 22, 2025 WIX.COM LTD. By:     /s/ Naama Kaenan Name:     Naama Kaenan Title:     General Counsel EXHIBIT INDEX The following exhibit is filed as part of this Form 6-K: Exhibit Description 99.1 Press release dated January 2 2 , 2025 titled “Wix Announces Completion of $2 00 Million Share Repurchase Program”. EX-99.1 2 wix-prxcompletionof200msha.htm EX-99.1 Document Wix Announces Completion of $200 Million Share Repurchase Program NEW YORK – – Wix.com Ltd. (NASDAQ: WIX), today announced that it has completed $200 million in share repurchases, which were part of the authorization by its Board of Directors approved in July 2024. The Company repurchased 868,026 outstanding Wix ordinary shares, representing approximately 1.5% of total shares outstanding, at an approximate volume-weighted average price per share of $230.41. About Wix.com Ltd. Wix is the leading SaaS website builder platform 1 to create, manage and grow a digital presence. Founded in 2006, Wix is a comprehensive platform providing users - self-creators, agencies, enterprises, and more - with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. For more about Wix, please visit our Press Room Investor Relations Contact: IR@wix.com Media Relations Contact: PR@wix.com 1     Based on number of active live sites as reported by competitors' figures, independent third-party data and internal data as of H1 2024.