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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.
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66 Articles
(Seoul = Yonhap News) Reporter Seol Won-tae = Oracle announced on the 12th (local time) that "Chairman Larry Ellison's 'Plan 10b5-1' to sell up to 50 million shares of Oracle stock...
·Seoul, Korea (the Republic of)
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On Second Thought, Never Mind: Here's Why ORCL's Larry Ellison Just Canceled $7.5 Billion Stock Sale
Larry Ellison had a $7.5 billion Oracle stock sale locked and loaded, then quietly walked away without explanation. What he did instead says everything about where he thinks the company is headed.
·Lakewood, United States
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Oracle founder Larry Ellison has canceled a planned sale of up to 50 million shares worth $5 billion in the software giant, of which he owns a large portion.
·Copenhagen, Denmark
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Total News Sources66
Leaning Left4Leaning Right5Center27Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
11%
C 75%
14%
Factuality
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