Wix Results Presentation Deck
withheld to cover the exercise price under the net exercise program will not be
returned to the shares reserved for issuance. The result is a lower number of new
shares issued by the company upon the exercise of options without increasing
the number of shares available for issuance under the 2013 Incentive
Compensation Plan.
We currently expect that this cashless net exercise program will reduce the
dilution caused by our outstanding options by a maximum of approximately 1.5
million shares. This figure is based on the closing price of our shares on June 30,
2018 and assumes that all relevant options currently outstanding will be
exercised before their expiration and also includes future option issuances.
Fluctuations in our share price will impact the maximum reduction in dilution from
the net exercise program. We believe that this program is an efficient way for us
to reduce dilution without having to conduct a formal share repurchase program.
Basic and diluted weighted avg number of shares outstanding
Stock options
Restricted share units
Weighted avg shares outstanding, incl. anti-dilutive items
Impact of cashless net exercise¹
Weighted avg shares outstanding, incl. anti-dilutive
items and cashless net exercise¹
¹ Based on share price of $100.30 as of June 30, 2018
WIX.com
Q2'18
47.7M
8.0M
2.1M
57.8M
(1.5M)
56.3M
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