Wix Board Authorizes $2 Billion Repurchase Program Through 2027

Overview

• The two-year authorization for FY2026–2027 permits up to $2 billion in repurchases, and WIX rose about 4.83% pre-market to $92.21 after the news.
• The program covers both ordinary shares and convertible notes, giving Wix a tool to address potential dilution from conversions.
• Buybacks may be executed via open-market or privately negotiated transactions in compliance with Rule 10b-18, with optional Rule 10b5-1 plans.
• Management expects to fund purchases with cash on hand and operating cash flow, with the option to raise debt, equity or equity-linked capital.
• The plan is fully discretionary and can be paused or ended, and transactions can begin only after a 30-day creditor objection period under Israeli regulations.