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Larry Ellison cancels plan to sell Oracle stock

Oracle Executive Chairman Larry Ellison canceled a trading plan to sell up to 50 million shares of company stock. The shares were valued at roughly $7.5 billion based on recent prices. The cancellation occurred one day after regulators made the plan public. This move comes as Oracle stock holds near $154 and Barclays increased its price target to $252 following a record first quarter. The decision removes one source of pressure for the company as it faces AI-linked selling and concerns regarding delayed IPOs.

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  • ✓ Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
  • ✓ The shares were valued at approximately $7.5 billion.
🛡️ Source Corroboration: 15 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

New reports link the cancellation to Barclays raising its price target and Ellison's recent net worth decline.

Live updates

  1. Larry Ellison cancels 50 million share Oracle sale

    Oracle Executive Chairman Larry Ellison canceled a trading plan to sell up to 50 million shares of company stock. The shares were valued at roughly $7.5 billion based on recent prices. The cancellation occurred one day after regulators made the plan public. This move comes as Oracle stock holds near $154 and Barclays increased its price target to $252 following a record first quarter. The decision removes one source of pressure for the company as it faces AI-linked selling and concerns regarding delayed IPOs.

    Why it matters

    Ellison previously established this trading plan to offload a significant portion of his holdings. His net worth has reportedly decreased by $200 billion over the past year. The timing of the cancellation has led to unanswered questions from Oracle.

    What is confirmed

    • Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
    • The shares were valued at approximately $7.5 billion.

    Still unconfirmed

    • The cancellation happened one day after regulators made the plan public.
    • Oracle is facing AI-linked selling and delayed IPO worries.
    • Barclays raised its Oracle price target to $252 after a record Q1.

    What to watch next

    • Oracle's response to questions regarding the timing of the cancellation
    • Further changes to Ellison's stock holdings
    • Updates on AI-linked selling trends for ORCL stock
    Sources used for this update (4)
    1. pulse2.com — Larry Ellison Cancels Plan To Sell Up To $7.5 Billion Of Oracle Stock
    2. 247wallst.com — Larry Ellison Cancels Plan To Sell $7.5 Billion In Oracle Stock After His Net Worth Dropped $200 Billion In A Year
    3. coincentral.com — Oracle (ORCL) Stock: Ellison Cancels $7.5B Sale as Barclays Raises Price Target
    4. www.el-balad.com — Larry Ellison Cancels Oracle Sale of 50 Million Shares
    confidence 90%

  2. Larry Ellison cancels plan to sell $7.5 billion in Oracle stock

    Oracle co-founder and Executive Chair Larry Ellison has canceled a plan to sell up to 50 million shares of company stock. The shares were valued at approximately $7.5 billion based on the closing price from Friday. Oracle announced the cancellation on Saturday. Ellison had previously adopted a trading plan to offload the shares, but the company now confirms the sale will not proceed.

    Why it matters

    The move involves a significant portion of Ellison's holdings in the company he co-founded. Such large-scale sales by executives often signal shifts in personal liquidity needs or confidence in future stock performance.

    What is confirmed

    • Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
    • The planned sale was valued at approximately $7.5 billion based on Friday's closing price.
    • Oracle announced the cancellation on Saturday.

    What to watch next

    • New SEC filings regarding Ellison's stock ownership
    • Statements from Oracle regarding the reason for the cancellation
    Sources used for this update (12)
    1. Financial Times — Larry Ellison to sell up to $7.5bn worth of Oracle stock
    2. WSJ — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
    3. Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
    4. CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
    5. The Jerusalem Post — No. 17: Larry Ellison: The philanthropist of the Jewish world
    6. CNBC — Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
    7. Yahoo Finance — Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock
    8. Reuters — Larry Ellison cancels plan to sell Oracle stock
    9. KSL News — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
    10. nypost.com — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5B
    11. www.staradvertiser.com — Larry Ellison cancels plan to sell Oracle stock
    12. www.rttnews.com — Oracle's Larry Ellison Cancels $7.5 Bln Stock Sale Plan
    confidence 100%
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