GoKawiilLarry Ellison cancels planned $7.5 billion sale of Oracle shares
Larry Ellison has scrapped a 10b5-1 trading plan that would have allowed him to sell up to 50 million Oracle shares, worth about $7.5 billion at current prices. The plan, adopted June 22 and set to expire Oct. 24, had been disclosed in a regulatory filing just a day before its cancellation, and no shares were ever sold under it. Oracle says Ellison has no other plans to divest any of his stock.
GoKawiil's interpretation of the reporting above, not reported fact.
Ellison still controls more than 40% of Oracle, and any large sale could have signaled reduced confidence in the company amid a costly AI infrastructure buildout that has driven up debt and contributed to a roughly 23% stock decline this year. His continued full ownership also matters beyond Oracle, since he is financially backing his son David Ellison's Paramount Skydance in its contested pursuit of Warner Bros. Discovery, a deal already facing antitrust scrutiny.
- Ellison canceled a plan to sell up to 50 million Oracle shares worth roughly $7.5 billion.
- No shares were sold before the plan's cancellation, and he has no other stock sale plans.
- Ellison's continued full stake underscores his financial backing of son David Ellison's pursuit of Warner Bros. Discovery.
The Everything Store" by Brad Stone — For readers fascinated by Ellison's grip on Oracle, Matthew Symonds' "Softwar: An Intimate Portrait of Larry Ellison and Oracle" is the classic insider account, written with Ellison's own running commentary. It's a great way to understand the founder's mindset behind decades of bold bets, from database dominance to today's AI infrastructure pivot.
See The Everything Store" by Brad Stone on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Lillian Rizzo, 2026-09-12
Published there as: “Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock”
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