Larry Ellison cancels plan to sell Oracle stock
Oracle said no shares were sold under the plan, which had been adopted in June and would have run through Oct. 24.
- Oracle co-founder and chairman Larry Ellison adopted a plan to sell up to $7.5 billion in stock, according to a regulatory filing published Friday.
- Historically, Ellison has never sold more than 25,000 Oracle shares at any given time, according to FactSet; the June 22 trading plan represents a significant departure from his approach.
- Boosted by 121% year-over-year growth in cloud infrastructure revenue, Oracle exceeded earnings estimates on Thursday, though investors have pushed the stock down roughly 20% this year.
- Controlling over 40% of Oracle, Ellison would still own 1.1 billion shares if he executes the full sale, while institutional investors remain concerned about the balance sheet.
- Ellison, the world's seventh-richest person, helped finance the 2025 merger of his son David Ellison's production company, Skydance, with Paramount, positioning him to liquidate holdings for other ventures.
27 Articles
27 Articles
Larry Ellison has cancelled his plan to sell $7.5bn of Oracle stock, a day after it surfaced
Larry Ellison has cancelled a trading plan that would have let him sell up to 50 million Oracle shares by 24 October, a day after the plan was disclosed and with no stock sold under it. The instrument is a Rule 10b5-1 plan, an American safe harbour with no European counterpart, because EU market abuse […] This story continues at The Next Web
Larry Ellison Cancels His Plan to Sell Oracle Stock
AUSTIN, Texas, Sept. 12, 2026 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced that Larry Ellison, Executive Chair of the Board and Chief Technology Officer, has cancelled his 10b5-1 Plan to sell Oracle stock. No Oracle stock was sold under…
Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
Oracle founder Larry Ellison, the world's seventh-richest person, can sell up to 50 million of his shares in the software company under a new trading plan.
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