Wix Investor Day Presentation Deck
Implementing Cashless Net Exercise
Cashless Net
Exercise
Exercised options
Strike price
Price @ exercise
Cash equivalent to
employee
Total new WIX
shares issued
Current
100
$50
$100
$5,000
Note: based on the share price as of June 1, 2018
100
100
$50
$100
$5,000
50
Upon exercise of option, Wix will issue only the net
shares
Remaining shares withheld at fair market value
equal to the exercise price and will not be returned
to shares reserved for issuance under our incentive
plan
Implemented for future equity grants and
retroactively on existing issued options.
Result:
■
Lower number of new shares issued upon the
exercise of options
Economic benefit similar to a share
repurchase program
Expected to decrease share issuances for option exercises by approximately 1.6 million shares
based on current share price
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