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Larry Ellison cancels $7.5 billion sale of Oracle stock

Oracle Chief Technology Officer Larry Ellison chose to borrow against his holdings rather than execute a planned sale of 50 million shares worth about $7.5 billion. Instead of selling the equity to help fund his son David Ellison's acquisition of Warner Bros. Discovery, Ellison pledged shares across Oracle, Tesla, SpaceX, and Paramount Skydance as collateral to five banks. JPMorgan and Citigroup expanded the collateral arrangements shortly before the Warner deal closed on October 6, 2026. This borrowing strategy leaves Ellison with substantial leverage tied to Oracle equity.

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  • ✓ Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth about $7.5 billion.
  • ✓ Ellison pledged Oracle, Tesla, SpaceX, and Paramount Skydance shares as collateral for loans to five banks.
  • ✓ David Ellison's acquisition of Warner Bros. Discovery closed on October 6, 2026.
  • ✓ JPMorgan and Citigroup expanded the collateral days before the deal closed.
🛡️ Source Corroboration: 37 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Multiple new sources confirmed that Larry Ellison pledged shares in Oracle, Tesla, SpaceX, and Skydance to five banks as collateral for loans to fund his son David's Warner Bros. Discovery acquisition, rather than executing the previously reported stock sale.

Live updates

  1. Larry Ellison Pledges Shares for Loans Over Stock Sale

    Oracle Chief Technology Officer Larry Ellison chose to borrow against his holdings rather than execute a planned sale of 50 million shares worth about $7.5 billion. Instead of selling the equity to help fund his son David Ellison's acquisition of Warner Bros. Discovery, Ellison pledged shares across Oracle, Tesla, SpaceX, and Paramount Skydance as collateral to five banks. JPMorgan and Citigroup expanded the collateral arrangements shortly before the Warner deal closed on October 6, 2026. This borrowing strategy leaves Ellison with substantial leverage tied to Oracle equity.

    Why it matters

    The massive borrowing strategy aligns with David Ellison's $110 billion acquisition of Warner Bros. Discovery, which closed on October 6, 2026. Rather than liquidating his multi-billion dollar stake in Oracle, Larry Ellison utilized his corporate holdings across multiple technology and media companies as loan collateral. Financial institutions including JPMorgan and Citigroup adjusted these collateral requirements just days before the media transaction was finalized.

    What is confirmed

    • Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth about $7.5 billion.
    • Ellison pledged Oracle, Tesla, SpaceX, and Paramount Skydance shares as collateral for loans to five banks.
    • David Ellison's acquisition of Warner Bros. Discovery closed on October 6, 2026.
    • JPMorgan and Citigroup expanded the collateral days before the deal closed.

    Still unconfirmed

    • Oracle shares trade at $130.55 following an 8.83 percent decline.

    What to watch next

    • Additional disclosures from Oracle or the SEC regarding Larry Ellison's pledged loan collateral.
    • Financial impacts on Oracle related to workforce reductions and AI infrastructure spending shifts.
    Sources used for this update (11)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. economictimes.indiatimes.com — oracle restructuring: Latest News & Videos, Photos about oracle ...
    3. www.gadgetreview.com — Ellison Pledged Oracle and Tesla Stock Before Son’s Warner Deal
    4. nlpc.org — Ellison’s Borrowing Spree Shows Why Oracle Shareholders Need ...
    5. chiprook.com — Larry Ellison pledged Oracle, Tesla and SpaceX shares for ...
    6. economictimes.indiatimes.com — Oracle stock: Larry Ellison’s borrowing strategy: why the ...
    7. www.cheddar.com — Big Business This Week: What’s Wrong with France, and Is It Contagious?
    8. finance.yahoo.com — Ellison Pledged Oracle and Tesla Stock Before Son’s Warner Deal
    9. finance.yahoo.com — Report: Larry Ellison Borrowed Billions for Warner Deal
    10. www.europesays.com — Ellison Pledged Oracle and Tesla Stock Before Son’s Warner ...
    11. economictimes.indiatimes.com — LARRY ELLISON LATEST NEWS TODAY - The Economic Times
    confidence 100%

  2. Oracle Shares Trade at $130.55 Amid Scrutiny of Executive Stock Holdings

    Oracle Corporation shares trade at $130.55 following an 8.83 percent decline. Chief Technology Officer Larry Ellison previously canceled a planned sale of 50 million shares valued at $7.5 billion on September 12, 2026. Ellison maintains substantial financial leverage tied to Oracle equity, with $56.6 billion in shares pledged as collateral for loans. Meanwhile, director Stephen Rusckowski purchased nearly $3.5 million worth of stock to signal insider confidence, and Oracle filed a cash flow statement with the US Securities and Exchange Commission this autumn.

    Why it matters

    Executive stock transactions and insider trading signals are closely watched by market participants to gauge corporate health and leadership confidence. Pledged shares introduce additional financial leverage considerations for major stakeholders. Oracle continues to report financial filings to the US Securities and Exchange Commission as the equity trades following recent market shifts.

    What is confirmed

    • Oracle Corporation shares trade at $130.55 following an 8.83 percent decline.
    • Chief Technology Officer Larry Ellison previously canceled a planned sale of 50 million shares valued at $7.5 billion on September 12, 2026.
    • Ellison maintains $56.6 billion in shares pledged as collateral for loans.
    • Director Stephen Rusckowski purchased nearly $3.5 million worth of stock to signal insider confidence.
    • Oracle filed a cash flow statement with the US Securities and Exchange Commission this autumn.

    What to watch next

    • Any future filings regarding Larry Ellison's pledged shares or stock sales with the US Securities and Exchange Commission.
    • Subsequent insider trading disclosures from Oracle directors and executives.
    Sources used for this update (6)
    1. www.youtube.com — larry - YouTube
    2. en.wikipedia.org — Larry Page - Wikipedia
    3. en.wikipedia.org — Larry - Wikipedia
    4. www.momjunction.com — Larry Name Meaning And History: Complete Guide To Variations
    5. townhall.com — LARRY - Townhall
    6. larryoshow.com — O'Connor & Company
    confidence 100%

  3. Oracle Stock Plummets as Markets Digest Canceled Ellison Sale

    Oracle Corporation shares trade at $130.55 following an 8.83 percent decline. Chief Technology Officer Larry Ellison previously canceled a planned sale of 50 million shares valued at $7.5 billion on September 12, 2026. Ellison maintains substantial financial leverage tied to Oracle equity, with $56.6 billion in shares pledged as collateral for loans. Meanwhile, director Stephen Rusckowski purchased nearly $3.5 million worth of stock to signal insider confidence. Oracle also filed a cash flow statement with the US Securities and Exchange Commission this autumn.

    Why it matters

    Market analysts currently maintain an average price target of $237.97 for Oracle stock, representing potential upside despite the recent drop. Executive stock maneuvers and corporate filings draw intense scrutiny as the company balances massive artificial intelligence funding against internal cost-cutting measures. These capital structures dictate how the technology giant manages debt and insider risk.

    What is confirmed

    • Oracle Corporation stock is priced at $130.55 after falling 8.83 percent.
    • Analyst targets for Oracle stock stand at $237.97.

    Still unconfirmed

    • Oracle layoffs barely fund the company's artificial intelligence investments, shifting financial risk onto workers.

    What to watch next

    • Monitor subsequent US Securities and Exchange Commission filings for further insider transactions or debt collateral adjustments.
    • Track whether Oracle stock recovers toward the $237.97 analyst price target.
    Sources used for this update (3)
    1. richmsmith.com — Larry Ellison Canceled a $7.5 Billion Stock Sale. Your ...
    2. tickzen.app — ORCL Stock Price Today (October 2026) — Oracle Corporation ...
    3. smarterarticles.co.uk — Oracle Layoffs Barely Fund AI: Workers Carry Its Risk Instead
    confidence 90%

  4. Larry Ellison Cancels $7.5B Oracle Stock Sale

    Oracle CTO Larry Ellison cancelled a planned sale of 50 million shares valued at $7.5 billion on September 12, 2026. Ellison maintains substantial financial leverage tied to Oracle equity, with $56.6 billion in shares pledged as collateral for loans. Director Stephen Rusckowski purchased nearly $3.5 million worth of stock, signalling insider confidence.

    Why it matters

    The cancellation comes amid Oracle's significant financial activities and investor interest. The company's shares have seen varied trading, with a recent Xetra close at EUR 126.22 and weekend trading at EUR 126.27. Oracle faces a substantial backlog and AI-driven growth prospects.

    What is confirmed

    • Larry Ellison cancelled a planned sale of 50 million Oracle shares valued at $7.5 billion on September 12, 2026.
    • Oracle director Stephen Rusckowski purchased nearly $3.5 million worth of Oracle stock.
    • Larry Ellison has $56.6 billion in Oracle shares pledged as collateral for loans.
    • Oracle's shares traded at EUR 126.27 during weekend trading on October 3, 2026, following an October 2 Xetra close of EUR 126.22.

    Still unconfirmed

    • Oracle's financial situation and high debt may impact its ability to capitalize on AI-driven growth prospects.

    What to watch next

    • Oracle's Q2 2027 earnings report
    • Further insider buying or selling activity
    • Progress on converting Oracle's $664 billion backlog into revenue
    Sources used for this update (6)
    1. www.forbes.com — Larry Ellison - Forbes
    2. 247wallst.com — Oracle at $140: Buying Negative FCF Never Looked So Good
    3. www.europesays.com — Larry Ellison Risk Exposed by Paramount and Oracle Debt ...
    4. finance.yahoo.com — How much ORCL stock does Oracle founder & CTO Larry Ellison ...
    5. pluang.com — Oracle director buys $3.5M in stock amid AI gro... | Pluang
    6. www.marketbeat.com — Oracle (ORCL) Institutional Ownership 2026 - MarketBeat
    confidence 95%

  5. Oracle CTO Larry Ellison Cancels Multi-Billion Stock Sale

    Oracle Corporation officially cancelled a planned stock sale by Chief Technology Officer Larry Ellison on September 12, 2026. The halted transaction involved 50 million shares valued at approximately $7.5 billion. Meanwhile, company shares traded at EUR 126.27 during weekend trading on October 3, 2026, following an October 2 Xetra close of EUR 126.22. Additional insider activity involved director Stephen Rusckowski purchasing nearly $3.5 million worth of stock. The cancellation comes as Ellison maintains substantial financial leverage tied to company equity, with proxy filings showing 56.6 billion dollars in Oracle shares pledged as collateral for loans.

    Why it matters

    Executive stock transactions and insider trading alerts often signal shifts in corporate leadership confidence and liquidity management. Larry Ellison has heavily leveraged his equity stake by pledging tens of billions in company shares to secure personal loans. These financial maneuvers occur alongside broader market movements for Oracle, which recently experienced a 5 percent share drop driven by unexpected layoff costs.

    What is confirmed

    • Oracle announced on September 12, 2026, that it canceled Larry Ellison's planned sale of 50 million shares valued at roughly 7.5 billion dollars.
    • A recent proxy filing indicates Larry Ellison pledged 56.6 billion dollars in Oracle shares as collateral to secure loans.
    • Oracle shares dropped 5 percent due to unexpected layoff costs.
    • Oracle stock cost EUR 126.27 in weekend trading on October 3, 2026, compared to the October 2 Xetra close of EUR 126.22.
    • Director Stephen Rusckowski purchased nearly $3.5 million worth of Oracle stock.

    What to watch next

    • Future proxy filings detailing changes to Larry Ellison's pledged stock collateral amounts
    • Additional insider trading disclosures from Oracle directors and executives
    • Corporate updates regarding Oracle layoff costs and their ongoing impact on share prices
    Sources used for this update (3)
    1. www.ad-hoc-news.de — Oracle cancels Ellison's sale plan for Oracle stock - ad-hoc-news
    2. economictimes.indiatimes.com — oracle larry ellison: Latest News & Videos, Photos about ...
    3. finbold.com — Monster insider trading alert for Oracle stock - Finbold
    confidence 100%

  6. Larry Ellison pledges billions in Oracle shares as loan collateral

    Oracle CTO Larry Ellison has pledged significant amounts of company stock to secure loans. A recent proxy filing indicates Ellison pledged 56.6 billion dollars in Oracle shares as collateral. This follows his previous decision on September 12, 2026, to cancel a planned sale of 50 million shares valued at roughly 7.5 billion dollars. While Ellison has halted the stock sale, the company recently saw shares drop 5 percent due to unexpected layoff costs.

    Why it matters

    Ellison uses his equity in Oracle to maintain liquidity without selling ownership. These financial moves occur while he is involved in the Paramount Skydance Corp. acquisition of Warner Bros. Discovery Inc.

    What is confirmed

    • Larry Ellison pledged 56.6 billion dollars in Oracle shares as loan collateral.
    • Ellison canceled a plan to sell up to 50 million Oracle shares worth approximately 7.5 billion dollars on September 12, 2026.

    Still unconfirmed

    • Larry Ellison committed 67 million additional shares of Oracle as loan collateral.
    • Ellison is a player in the Paramount Skydance Corp. acquisition of Warner Bros. Discovery Inc.

    What to watch next

    • Official explanation for the canceled 7.5 billion dollar stock sale
    • Further proxy filings detailing loan terms or additional share pledges
    Sources used for this update (5)
    1. www.speedtest.net — Speedtest by Ookla - The Global Broadband Speed Test
    2. intelligence.speedtest.net — Speedtest Intelligence
    3. ciscoconnect.speedtest.net — Speedtest.net
    4. finance.yahoo.com — Oracle Filing Reveals Co-CEO Made 6,623 Times The Company’s ...
    5. liveindex.org — Ellison Pledges $9.2 Billion in Oracle Stock as Loan Collateral
    confidence 90%

  7. Larry Ellison cancels $7.5 billion Oracle stock sale plan

    Oracle co-founder Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth approximately $7.5 billion. The cancellation was disclosed on September 12, 2026, with no official explanation provided. Despite the halted stock sale, Oracle shares slid 5 percent following surprise layoff costs.

    Why it matters

    The cancellation of the stock sale removes potential selling pressure on Oracle's stock price as the company expands its artificial intelligence infrastructure. This move comes at a time when Ellison has increased his pledge of Oracle shares as collateral for personal loans. The sudden cancellation has left investors and analysts speculating about Ellison's intentions.

    What is confirmed

    • Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth approximately $7.5 billion.
    • No shares were sold under the plan before its cancellation.
    • Oracle shares slid 5 percent following surprise layoff costs.
    • Larry Ellison has pledged 67 million more Oracle shares as collateral for personal loans than he had a year earlier, a 19% increase.

    What to watch next

    • Oracle's future stock performance
    • Ellison's future financial moves
    • Oracle's AI infrastructure expansion plans
    Sources used for this update (8)
    1. digitalmarketreports.com — Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale
    2. finance.yahoo.com — Oracle (ORCL) Says Ellison Canceled a Plan to Sell Up to $7.5 Billion in Shares. Does it Change the Investment Case?
    3. finance.yahoo.com — Larry Ellison Just Put $9.2 Billion of Oracle Stock Behind ...
    4. www.foreignpolicyjournal.com — Larry Ellison Scraps $7.5 Billion Oracle (NYSE: ORCL) Share Sale Plan, Leaving Investment Case Unchanged
    5. www.unz.com — American Pravda: Will AI Exterminate the Human Species?, by Ron Unz - The Unz Review
    6. www.europesays.com — Larry Ellison cancels plan to sell Oracle stock worth up to ...
    7. finance.biggo.com — Larry Ellison Pledges 67 Million More Oracle Shares as Loan ...
    8. finance.yahoo.com — Ellison Pledges $9.2 Billion More in Oracle Shares as Collateral
    confidence 100%

  8. Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale

    Oracle co-founder and Executive Chairman Larry Ellison canceled a planned trading arrangement to offload up to $7.5 billion worth of Oracle stock. The cancellation removes potential selling pressure while the technology company expands its artificial intelligence infrastructure. Ellison pulled the trading plan before executing any share sales. Oracle disclosed the reversal on a Saturday but did not provide an official explanation for the sudden cancellation. Despite the halted stock sale, Oracle shares slid 5 percent following surprise layoff costs.

    Why it matters

    The cancellation follows a difficult period for Oracle shares, which recently suffered their worst week in nearly two months. Retail investors initially viewed the decision to scrap the multi-billion-dollar stock sale as a bullish signal. However, market enthusiasm was tempered by broader financial pressures and layoff costs facing the technology firm.

    What is confirmed

    • Larry Ellison canceled a planned sale of up to $7.5 billion worth of Oracle stock.
    • The halted trading plan involved about 50 million Oracle shares.
    • Ellison scrapped the plan before a single share was sold.
    • Oracle shares slid 5 percent as layoff costs outweighed the canceled stock sale.

    Still unconfirmed

    • The cancellation came one day after regulators made the plan public, closely following a reported $200 billion drop in Ellison's net worth over a year.

    What to watch next

    • Whether Oracle issues a formal explanation for the canceled stock sale
    • Further movement in Oracle share prices amid ongoing AI infrastructure expansion costs
    Sources used for this update (11)
    1. WSJ — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
    2. Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
    3. CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
    4. CNBC — Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
    5. Reuters — Larry Ellison cancels plan to sell Oracle stock
    6. TechCrunch — Larry Ellison cancels $7.5 billion sale of Oracle stock
    7. finance.yahoo.com — ORCL Slides After Worst Week In Nearly 2 Months — But Larry Ellison Canceling His Stock Sale Is Keeping Retail Bullish
    8. qz.com — Larry Ellison scrapped a plan to sell $7.5 billion in Oracle stock before a single share was sold
    9. 247wallst.com — Larry Ellison Cancels Plan To Sell $7.5 Billion In Oracle Stock After His Net Worth Dropped $200 Billion In A Year
    10. 247wallst.com — Oracle Slides 5% as Layoff Costs Outweigh Ellison’s Canceled $7.5B Stock Sale; Nebius and CoreWeave Fall 5%
    11. www.tekedia.com — Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale as Shares Slide
    confidence 95%
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