● Covered by 2 sources · 3 reportsLow impact3 neutral
Larry Ellison Adopts Trading Plan to Sell Up to $7.5 Billion in Oracle Stock
Key points
- Larry Ellison plans to sell up to 50 million Oracle shares.
- The stock sale is valued at $7.5 billion at current prices.
- The trading plan runs from June 22 to October 24.
- Ellison has not sold this volume of shares since 2000.
- Larry Ellison canceled his plan to sell Oracle shares.
- The reversal occurred one day after the trading plan was disclosed.
- No Oracle stock was sold under the 10b5-1 Plan.
- Ellison has no other plans to sell shares.
- Ellison is 82 years old.
- Ellison founded Oracle in 1977.
- Ellison controls over 40% of Oracle.
- Oracle's stock dropped 23% this year.
- Ellison is the father of David Ellison, CEO of Paramount Skydance.
- Oracle is spending heavily on data centers.
- Oracle is a major owner and security partner for TikTok's U.S. operations.
- Ellison backed his son David's acquisition of Warner Bros.
Ellison's Stock Sale Plan
Oracle founder Larry Ellison has adopted a trading plan to sell up to 50 million shares of his Oracle stock. This amount represents approximately $7.5 billion at current market prices. The plan was adopted on June 22 and is scheduled to conclude on October 24, according to a recent regulatory filing.
Unusual Move for the Founder
This stock sale is an uncommon action for Ellison, who has maintained a significant ownership stake in Oracle since its founding in 1977. FactSet data indicates Ellison controls over 40% of the company. Even if he sells all shares under this plan, he would still retain 1.1 billion shares. Historically, Ellison has not sold more than 25,000 Oracle shares at any single time since the year 2000.
Context of Oracle's Performance
Ellison, 82, has overseen Oracle's transition into a major artificial intelligence infrastructure provider. Oracle recently reported earnings that surpassed estimates, driven by a 121% year-over-year increase in cloud infrastructure revenue. However, this growth has involved Oracle incurring substantial debt, which has contributed to investor concerns and a roughly 20% decline in the stock price this year.
Personal Financial Activities
Ellison, ranked as the world's seventh-richest person, also contributed to financing the 2025 merger between his son David Ellison's production company, Skydance, and Paramount.
Updates
- Oracle is spending heavily on data centers.
- Oracle is a major owner and security partner for TikTok's U.S. operations.
- Ellison backed his son David's acquisition of Warner Bros.
- Larry Ellison canceled his plan to sell Oracle shares.
- The reversal occurred one day after the trading plan was disclosed.
- No Oracle stock was sold under the 10b5-1 Plan.
- Ellison has no other plans to sell shares.
- Ellison is 82 years old.
- Ellison founded Oracle in 1977.
- Ellison controls over 40% of Oracle.
- Oracle's stock dropped 23% this year.
- Ellison is the father of David Ellison, CEO of Paramount Skydance.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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How outlets covered it
Oracle co-founder Larry Ellison has canceled his previously announced plan to sell 50 million shares of Oracle stock, valued at approximately $7.5 billion. The company did not provide a reason for the cancellation, stating Ellison has no other plans to sell his shares.
Larry Ellison has canceled his plan to sell up to 50 million shares of Oracle stock, valued at $7.5 billion. This reversal occurred just one day after the trading plan was disclosed, and Ellison has stated he has no other plans to sell shares.
Oracle founder Larry Ellison has initiated a trading plan to sell up to 50 million shares of Oracle stock, valued at $7.5 billion, between June 22 and October 24. This move is unusual for Ellison, who has historically retained a large stake in the company and has not sold more than 25,000 shares at any given time this century.