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  "documentTitle": "Wix | Results Presentation Deck | 27 slides",
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  "authorName": "Wix",
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  "presentationDate": "2018-07-01 00:00:00",
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  "pageNumber": 10,
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  "notes": "The slide details how the net exercise program reduces the number of new shares issued, effectively lowering dilution.",
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      "kind": "paragraph",
      "text": "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.",
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      "text": "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.",
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      "text": "1 Based on share price of $100.30 as of June 30, 2018",
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      "text": "Basic and diluted weighted avg number of shares outstanding 47.7M; Stock options 8.0M; Restricted share units 2.1M; Weighted avg shares outstanding, incl. anti-dilutive items 57.8M; Impact of cashless net exercise (1.5M); Weighted avg shares outstanding, incl. anti-dilutive items and cashless net exercise 56.3M",
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