Larry Ellison cancels plan to sell Oracle stock
Oracle Executive Chairman Larry Ellison secured billions of dollars through loans rather than selling 50 million shares of Oracle stock to finance his son David Ellison's acquisition of Warner Bros. Discovery. Instead of liquidating approximately $7.5 billion in holdings, Ellison used shares of Oracle, Tesla, SpaceX, and Skydance as collateral with five banks. Citigroup and JPMorgan expanded this collateral shortly before the October 6 transaction close. This financing strategy allowed Ellison to provide the capital needed for the massive media transaction while avoiding a direct stock sale.
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- ✓ Oracle Executive Chairman Larry Ellison borrowed billions of dollars from banks including Citigroup and HSBC.
- ✓ Larry Ellison borrowed against his holdings rather than selling 50 million Oracle shares worth approximately $7.5 billion.
- ✓ Larry Ellison pledged shares of Oracle, Tesla, SpaceX, and Skydance to five banks as collateral.
- ✓ JPMorgan and Citigroup expanded collateral shortly before the Warner Bros. Discovery deal closed on October 6.
What changed
Market reports confirmed that Oracle Executive Chairman Larry Ellison borrowed billions of dollars from banks including Citigroup and HSBC instead of selling 50 million Oracle shares.
Live updates
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Oracle Chairman Larry Ellison Borrows Billions for Warner Deal
Oracle Executive Chairman Larry Ellison secured billions of dollars through loans rather than selling 50 million shares of Oracle stock to finance his son David Ellison's acquisition of Warner Bros. Discovery. Instead of liquidating approximately $7.5 billion in holdings, Ellison used shares of Oracle, Tesla, SpaceX, and Skydance as collateral with five banks. Citigroup and JPMorgan expanded this collateral shortly before the October 6 transaction close. This financing strategy allowed Ellison to provide the capital needed for the massive media transaction while avoiding a direct stock sale.
Why it matters
The transaction involves a massive $110 billion media deal orchestrated by David Ellison for Warner Bros. Discovery. Larry Ellison's choice to leverage multiple corporate holdings instead of selling shares highlights a strategy used by ultra-wealthy executives to fund major acquisitions while maintaining equity positions. Banks including Citigroup and HSBC participated in providing these billions in financing.
What is confirmed
- Oracle Executive Chairman Larry Ellison borrowed billions of dollars from banks including Citigroup and HSBC.
- Larry Ellison borrowed against his holdings rather than selling 50 million Oracle shares worth approximately $7.5 billion.
- Larry Ellison pledged shares of Oracle, Tesla, SpaceX, and Skydance to five banks as collateral.
- JPMorgan and Citigroup expanded collateral shortly before the Warner Bros. Discovery deal closed on October 6.
- The media transaction amounted to $110 billion.
What to watch next
- Additional disclosures regarding bank loan terms and collateral structures
- Further details on the integration and operations of Warner Bros. Discovery following the acquisition
confidence 100%Sources used for this update (5)
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Larry Ellison pledged shares as collateral for son's media deal
Larry Ellison opted to borrow against his holdings rather than selling 50 million Oracle shares worth approximately $7.5 billion to fund his son David's acquisition of Warner Bros. Discovery. Ellison pledged shares of Oracle, Tesla, SpaceX, and Skydance to five banks as collateral. JPMorgan and Citigroup expanded this collateral shortly before the deal closed on October 6. This borrowing strategy allowed Ellison to avoid a massive stock sale while providing the necessary capital for the $110 billion media transaction.
Why it matters
Oracle is currently restructuring its workforce by 13% to prioritize AI infrastructure. This shift follows a period of stock volatility where investor concerns over AI debt led to a 9% share price drop in one week.
What is confirmed
- Larry Ellison pledged Oracle, Tesla, SpaceX, and Skydance shares as collateral for loans.
- Ellison cancelled a plan to sell up to 50 million Oracle shares valued at about $7.5 billion.
- The acquisition of Warner Bros. Discovery closed on October 6.
- David Ellison led the acquisition of Warner Bros. Discovery.
Still unconfirmed
- The Warner Bros. Discovery deal was valued at $110 billion.
- JPMorgan and Citigroup expanded the collateral days before the deal closed.
What to watch next
- Disclosures regarding the total amount of debt secured by the pledged shares
- Updates on Oracle's AI infrastructure spending and debt levels
- Further workforce reductions within Oracle Health
confidence 90%Sources used for this update (4)
- www.gadgetreview.com — Ellison Pledged Oracle and Tesla Stock Before Son’s Warner Deal
- nlpc.org — Ellison’s Borrowing Spree Shows Why Oracle Shareholders Need ...
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Larry Ellison's Oracle stake drops $15 billion amid AI debt fears
Larry Ellison lost $15 billion in wealth as Oracle shares fell 9% in one week due to investor concerns over AI-related debt. This follows Ellison's September 12 decision to cancel a $7.5 billion sale of 50 million shares. While Oracle reports growth in its AI business, the company is aggressively restructuring, cutting its total workforce by 13% to redirect resources toward AI infrastructure. Approximately 30,000 employees were slated to depart by mid-June 2026, with significant cuts occurring within Oracle Health.
Why it matters
Oracle is balancing rapid AI infrastructure expansion against heavy debt accumulation. These financial pressures coincide with a major strategic shift in human resources and product management.
What is confirmed
- Oracle's total workforce declined by 13% due to AI adoption and strategic shifts.
- Oracle planned the departure of approximately 30,000 employees by mid-June 2026.
- Larry Ellison canceled a plan to sell 50 million Oracle shares on September 12, 2026.
Still unconfirmed
- Oracle shares fell 9% in a week due to AI debt fears, cutting $15 billion from Larry Ellison's stake.
- Larry Ellison's stake is now $232 billion below its 2025 peak.
What to watch next
- Quarterly financial filings detailing current debt levels
- Updates on project obligations within Oracle Health following layoffs
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Larry Ellison scraps $7.5 billion Oracle stock sale
Oracle co-founder Larry Ellison canceled a plan to sell up to 50 million company shares on September 12, 2026, with no shares traded. The sale had an estimated value of $7.5 billion. This cancellation comes amid Oracle's financial exposure and heavy debt accumulation. Director Stephen Rusckowski purchased nearly $3.5 million worth of Oracle stock.
Why it matters
The cancellation of Larry Ellison's stock sale has significant implications for Oracle's financial situation and investor confidence. Oracle has been accumulating heavy debt, and market participants continue to monitor the company's financial exposure. The company's stock price has been volatile, trading at EUR 126.27 on the day of the cancellation.
What is confirmed
- Oracle officially canceled co-founder Larry Ellison's planned sale of up to 50 million company shares on September 12, 2026.
- The estimated value of the canceled stock sale was $7.5 billion based on the closing price.
- Zero shares were traded from the transaction.
- Director Stephen Rusckowski purchased nearly $3.5 million worth of Oracle stock.
Still unconfirmed
- Larry Ellison acquired eight single-story ranch homes in Palm Meadows Estates for his household staff.
What to watch next
- Oracle's financial reports for 2026
- Larry Ellison's future stock transactions
- Oracle's debt accumulation and financial exposure updates
confidence 100%Sources used for this update (3)
- richmsmith.com — Larry Ellison Canceled a $7.5 Billion Stock Sale. Your ...
- www.marketbeat.com — Oracle (ORCL) Insider Trading Activity 2026 - MarketBeat
- economictimes.indiatimes.com — selling spree: Latest News & Videos, Photos about selling ...
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Oracle Cancels Larry Ellison Stock Sale Plan
Oracle officially canceled co-founder Larry Ellison's planned sale of up to 50 million company shares on September 12, 2026. Regulatory filings show zero shares were traded from the transaction, which held an estimated value of $7.5 billion based on the closing price. The cancellation occurred while the stock traded at EUR 126.27. Market participants continue to monitor financial exposure referred to as total Larry Ellison risk following heavy debt accumulation across Oracle and Paramount Skydance Corporation. Meanwhile, insider activity reports that director Stephen Rusckowski purchased nearly $3.5 million worth of Oracle stock.
Why it matters
Investors track financial exposure tied to heavy debt accumulation across Oracle and Paramount Skydance Corporation. Director Stephen Rusckowski bought nearly $3.5 million worth of Oracle stock in separate insider activity.
What is confirmed
- Oracle canceled co-founder Larry Ellison's planned sale of up to 50 million company shares on September 12, 2026.
- Regulatory filings confirm that zero shares were traded from the transaction, which had an estimated value of $7.5 billion based on the stock closing price.
- The cancellation occurred as the stock traded at EUR 126.27.
- Director Stephen Rusckowski bought nearly $3.5 million worth of Oracle stock in separate insider activity.
Still unconfirmed
- Investors discuss financial exposure labeled as total Larry Ellison risk following heavy debt accumulation across both Oracle and Paramount Skydance Corporation.
What to watch next
- Future regulatory filings concerning Larry Ellison's stock ownership and insider transactions.
- Updates on debt accumulation and financial exposure across Oracle and Paramount Skydance Corporation.
confidence 100%Sources used for this update (13)
- www.realtor.com — Real Estate News & Insights | realtor.com®
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Oracle Cancels Larry Ellison Stock Sale Plan
Oracle canceled co-founder Larry Ellison's planned sale of up to 50 million company shares on September 12, 2026. Regulatory filings confirm that zero shares were traded from the transaction, which had an estimated value of $7.5 billion based on the stock closing price. The cancellation occurred as the stock traded at EUR 126.27. Meanwhile, investors discuss financial exposure labeled as total Larry Ellison risk following heavy debt accumulation across both Oracle and Paramount Skydance Corporation. Separate insider activity shows director Stephen Rusckowski bought nearly $3.5 million worth of Oracle stock.
Why it matters
Larry Ellison's financial entanglements have sparked investor unease as both Oracle and Paramount Skydance Corporation carry heavy debt loads. Ellison's personal wealth declined by almost $200 billion over a one-year span. Amid these corporate obligations, Oracle faces intense scrutiny over negative free cash flow alongside a $684 billion backlog.
What is confirmed
- Oracle canceled Larry Ellison's plan to sell up to 50 million company shares on September 12, 2026.
- Regulatory filings confirm that no shares were sold during the canceled transaction.
- Oracle stock traded at EUR 126.27 in weekend trading, matching the Xetra close.
- Oracle director Stephen Rusckowski purchased nearly $3.5 million worth of stock.
Still unconfirmed
- Investors are discussing a total Larry Ellison risk due to debt accumulation at Oracle and Paramount.
- Larry Ellison lost almost $200 billion in a year as Oracle and Paramount piled on debt.
What to watch next
- Any further regulatory filings regarding insider stock transactions by Larry Ellison or other executives.
- Corporate debt updates and free cash flow conversion reports from Oracle.
confidence 95%Sources used for this update (7)
- economictimes.indiatimes.com — oracle larry ellison: Latest News & Videos, Photos about ...
- www.billionaires.africa — Billionaire Larry Ellison risk: Oracle and Paramount debt
- finbold.com — Monster insider trading alert for Oracle stock - Finbold
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- www.ad-hoc-news.de — Oracle cancels Ellison plan as Oracle stock trades at EUR 126 ...
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Oracle Co-Founder Larry Ellison Cancels Multi-Billion Share Sale
Oracle co-founder Larry Ellison reversed his plan to sell up to 50 million company shares, halting a transaction valued at approximately $7.5 billion based on the stock closing price. Oracle confirmed the cancellation in a regulatory filing a day after disclosing the intended sale, verifying that no shares were sold. The reversal occurs as Wall Street anxiety increases regarding Ellison's financial connections to Oracle and Paramount Skydance Corporation, both of which are major corporate borrowers.
Why it matters
Market observers are closely watching Ellison's financial ties as both Oracle and Paramount Skydance Corporation take on significant corporate debt. Oracle shares recently recovered by 2.6 percent to EUR 126.04 following a broader Wall Street market recovery, though the stock remains down 24 percent for the year.
What is confirmed
- Larry Ellison rescinded his plan to sell up to 50 million Oracle shares.
- Oracle confirmed the reversal through a regulatory filing a day after disclosing the intended sale.
- Zero shares were sold in the canceled transaction.
- Oracle shares recently rebounded by 2.6 percent to EUR 126.04.
What to watch next
- Future regulatory filings detailing Larry Ellison's stock holdings and financial transactions.
- Corporate debt developments involving Oracle and Paramount Skydance Corporation.
- Broader stock performance and Wall Street sentiment regarding Oracle.
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Larry Ellison Cancels Oracle Stock Sale Amid Debt Concerns
Oracle co-founder Larry Ellison rescinded his plan to sell up to 50 million company shares, preventing a transaction valued at roughly $7.5 billion based on the stock closing price. Oracle confirmed the reversal through a regulatory filing a day after disclosing the intended sale, verifying that zero shares were sold. Meanwhile, Wall Street anxiety is rising over Ellison's financial links to Oracle and Paramount Skydance Corporation as both entities become major corporate borrowers. Oracle shares recently rebounded by 2.6 percent to EUR 126.04 on a Wall Street recovery, though the stock remains down 24 percent for the year.
Why it matters
The cancellation of the massive stock sale follows intense scrutiny of corporate debt loads tied to billionaire Larry Ellison. Both Oracle and Paramount Skydance Corporation have emerged as major corporate borrowers, prompting growing concern among investors on Wall Street. These financial pressures intersect with broader market anxieties regarding ongoing artificial intelligence infrastructure buildouts and cybersecurity challenges.
What is confirmed
- Larry Ellison rescinded a trading plan to sell up to 50 million Oracle shares valued at roughly $7.5 billion.
- Oracle confirmed through a regulatory filing that zero shares were sold.
- Oracle shares gained 2.6 percent to EUR 126.04 during a Wall Street rebound.
Still unconfirmed
- Oracle stock is down 24 percent this year amid AI buildout and security risks.
What to watch next
- Further regulatory filings regarding Larry Ellison's trading activities
- Market response to Oracle and Paramount Skydance debt levels
- Shifts in Oracle stock pricing amid AI infrastructure development
confidence 100%Sources used for this update (2)
- finance.yahoo.com — Larry Ellison Risk Exposed by Paramount and Oracle Debt Binges
- www.ad-hoc-news.de — Oracle's Stock Bounces as Ellison Scraps Sale Plan, but Cyber ...
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Larry Ellison Cancels Oracle Stock Sale Plan
Oracle Corporation co-founder and executive chairman Larry Ellison rescinded a trading plan to sell up to 50 million company shares. The planned sale carried an estimated value of roughly $7.5 billion based on the stock closing price. Oracle confirmed the reversal through a regulatory filing just one day after disclosing the intended sale, verifying that zero shares were sold. Meanwhile, trading activity for the company shares placed the stock price at EUR 126.27 during weekend trading on October 3, 2026, compared to the previous Xetra close of EUR 126.22.
Why it matters
Executive share sales and collateral pledges draw intense market scrutiny because large transactions can signal leadership confidence or shift corporate voting power. Ellison maintains substantial holdings in the software firm alongside financial commitments tied to external business ventures. Monitoring these regulatory filings helps investors track insider liquidity and potential shifts in corporate control.
What is confirmed
- Larry Ellison canceled a plan to sell up to 50 million Oracle shares.
- Oracle confirmed in a regulatory filing that no shares were sold.
- Larry Ellison has pledged 67 million more Oracle shares as collateral compared to a year earlier, representing a 19% increase.
- The additional pledged Oracle shares are valued at $9.2 billion.
- Oracle stock traded at EUR 126.27 on October 3, 2026, compared to the October 2 Xetra close of EUR 126.22.
Still unconfirmed
- Larry Ellison is involved in Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc.
What to watch next
- Future regulatory filings detailing updates to Larry Ellison's share pledge agreements
- Any subsequent insider trading plans submitted by Oracle executives
confidence 100%Sources used for this update (4)
- finance.yahoo.com — Larry Ellison Just Put $9.2 Billion of Oracle Stock Behind ...
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- liveindex.org — Ellison Pledges $9.2 Billion in Oracle Stock as Loan Collateral
- www.ad-hoc-news.de — Oracle cancels Ellison's sale plan for Oracle stock - ad-hoc-news
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Oracle Executive Chairman Larry Ellison Cancels $7.5B Share Sale
Oracle Corporation co-founder and executive chairman Larry Ellison canceled a plan to sell up to 50 million company shares, worth roughly $7.5 billion at the stock's closing price. Oracle disclosed the trading plan in a regulatory filing before Ellison rescinded it just one day later. Oracle confirmed that no shares were sold. Meanwhile, Ellison has pledged 67 million additional Oracle shares as collateral for personal loans, representing a 19% increase since 2025 and valued at $9.2 billion.
Why it matters
The canceled stock sale follows previous corporate moves to secure a standardization contract with Quorum Health while navigating financial pressures from artificial intelligence infrastructure spending and workforce reductions. Oracle also issued a force majeure letter to lender Blue Owl regarding a portion of the $165 billion Stargate campus project. These financial strains coincide with Blue Owl stock trading near a one-year low.
What is confirmed
- Oracle co-founder and executive chairman Larry Ellison canceled a plan to sell up to 50 million Oracle shares on September 12, 2026.
- The canceled shares were valued at roughly $7.5 billion at the stock's closing price.
- Oracle stated that no shares were sold under the trading plan, which was rescinded one day after its regulatory disclosure.
- Larry Ellison pledged 67 million more Oracle shares as collateral for personal loans, valued at $9.2 billion, marking a 19% increase since 2025.
What to watch next
- Future regulatory filings regarding Larry Ellison's stock ownership and personal loan collateral levels
- Updates on the financing and construction timeline for the $165 billion Stargate campus project
- Further financial disclosures from Oracle concerning artificial intelligence infrastructure spending and workforce adjustments
confidence 100%Sources used for this update (6)
- 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?
- www.foreignpolicyjournal.com — Larry Ellison Scraps $7.5 Billion Oracle (NYSE: ORCL) Share Sale Plan, Leaving Investment Case Unchanged
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Larry Ellison Cancels Oracle Stock Sale Plan
Oracle Executive Chairman Larry Ellison canceled a plan to sell up to 50 million company shares, valued at roughly $7.5 billion, according to a report publicized by Reuters on September 12, 2026. The decision follows prior company moves to sign a standardization contract with Quorum Health while dealing with financial pressures tied to artificial intelligence infrastructure spending and workforce reductions. Concurrently, Oracle sent a force majeure letter to lender Blue Owl regarding a portion of the $165 billion Stargate campus project, adding financial strain as Blue Owl stock trades near a one-year low.
Why it matters
The cancellation of Ellison's massive stock sale intersects with severe capital allocation pressures at Oracle, highlighted by heavy spending on artificial intelligence infrastructure and ongoing labor cuts. Financial stress is spreading to project lenders, notably Blue Owl, which absorbed paperwork risk after receiving a force majeure letter regarding the Stargate campus financing. These developments illustrate the high cost of aggressive data center expansion.
What is confirmed
- Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth roughly $7.5 billion.
- Reuters reported the cancellation of the stock sale plan on September 12, 2026.
- Oracle sent a force majeure letter to its lender Blue Owl on a piece of the $165 billion Stargate campus.
What to watch next
- Further disclosures regarding the force majeure letter sent to Blue Owl over the Stargate campus financing
- Updates on Larry Ellison's share collateral pledges and future stock sale intentions
- Additional announcements concerning Oracle workforce reductions and artificial intelligence infrastructure financing
confidence 100%Sources used for this update (4)
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- 247wallst.com — Bad News Keeps Piling Up For Blue Owl, As Oracle Sends Force Majeure Letter To Lender. Stock Already Down Over 45% In The Last Year
- www.insidermonkey.com — Oracle (ORCL) Says Ellison Canceled a Plan to Sell Up to $7.5 Billion in Shares. Does it Change the Investment Case?
- finance.yahoo.com — Ellison Pledges $9.2 Billion More in Oracle Shares as Collateral
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Larry Ellison cancels $7.5 billion Oracle stock sale
Oracle Executive Chairman Larry Ellison stopped a plan to sell 50 million shares of company stock, valued at about $7.5 billion, one day after regulators publicized the intent. This decision comes as Oracle signs a technology standardization contract with Quorum Health. The company faces financial pressure from rising debt linked to AI infrastructure spending, which coincides with significant labor reductions. Oracle eliminated approximately 21,000 jobs in fiscal 2026 and has started additional workforce cuts.
Why it matters
The reversal of the stock sale suggests a shift in Ellison's immediate liquidity needs or confidence in the company's valuation. Oracle is currently balancing aggressive AI investment with aggressive cost-cutting measures. The tension between infrastructure spending and workforce reductions highlights the company's transition strategy.
What is confirmed
- Larry Ellison canceled a plan to sell 50 million shares of Oracle stock valued at approximately $7.5 billion.
- Oracle cut about 21,000 jobs in fiscal 2026.
- Oracle secured a technology standardization contract with Quorum Health.
Still unconfirmed
- Oracle stock slid 3.4% as a result of the buy call and capital burdens.
What to watch next
- Details on the next round of workforce reductions
- Updates on Oracle's debt levels related to AI spending
confidence 90%Sources used for this update (2)
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Larry Ellison cancels 50 million share Oracle stock sale
Oracle Executive Chairman Larry Ellison canceled a plan to sell 50 million shares of company stock, valued at approximately $7.5 billion. The cancellation happened one day after regulators made the plan public. This reversal occurs as Oracle secures a technology standardization contract with Quorum Health but continues to reduce its workforce. The company shed about 21,000 jobs in fiscal 2026 and has begun another round of cuts as debt rises due to AI infrastructure spending.
Why it matters
Ellison maintains a massive financial stake in the company, having pledged 346 million shares as collateral for personal loans. This collateral is valued at about $50 billion as of mid-September 2026. The stock is currently trading near $154.
What is confirmed
- Larry Ellison canceled a plan to sell 50 million shares of Oracle stock worth roughly $7.5 billion.
- Oracle cut about 21,000 jobs in fiscal 2026.
- Quorum Health selected Oracle to standardize technology across financial, operational, and clinical functions.
Still unconfirmed
- Oracle has begun another round of job cuts because AI infrastructure spending is increasing its debt burden.
- Larry Ellison has pledged 346 million Oracle shares as loan collateral valued at about $50 billion.
What to watch next
- Updates on the scale of the current round of job cuts
- Further revisions to analyst price targets following the first quarter record
- Regulatory filings regarding Ellison's loan collateral status
confidence 90%Sources used for this update (5)
- www.theglobeandmail.com — Oracle’s Larry Ellison Cancels Planned Stock Sale Program
- en.sedaily.com — Oracle Cuts More Jobs After Shedding 21,000 in a Year
- www.marketscreener.com — Quorum Health Selects Oracle to Standardize Technology Across Clinical, Operational, and Financial Functions
- digitalmarketreports.com — Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale
- finance.biggo.com — Larry Ellison Has Pledged 346 Million Oracle Shares as Loan Collateral, Worth About $50 Billion
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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
confidence 90%Sources used for this update (4)
- pulse2.com — Larry Ellison Cancels Plan To Sell Up To $7.5 Billion Of Oracle Stock
- 247wallst.com — Larry Ellison Cancels Plan To Sell $7.5 Billion In Oracle Stock After His Net Worth Dropped $200 Billion In A Year
- coincentral.com — Oracle (ORCL) Stock: Ellison Cancels $7.5B Sale as Barclays Raises Price Target
- www.el-balad.com — Larry Ellison Cancels Oracle Sale of 50 Million Shares
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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
confidence 100%Sources used for this update (12)
- Financial Times — Larry Ellison to sell up to $7.5bn worth of Oracle stock
- WSJ — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
- Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
- CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
- The Jerusalem Post — No. 17: Larry Ellison: The philanthropist of the Jewish world
- CNBC — Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
- Yahoo Finance — Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock
- Reuters — Larry Ellison cancels plan to sell Oracle stock
- KSL News — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
- nypost.com — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5B
- www.staradvertiser.com — Larry Ellison cancels plan to sell Oracle stock
- www.rttnews.com — Oracle's Larry Ellison Cancels $7.5 Bln Stock Sale Plan
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