GoKawiilLarry Ellison Cancels Plan to Sell Up to $7.5B in Oracle Shares
Oracle co-founder Larry Ellison called off a prearranged plan to sell as many as 50 million shares of Oracle stock, a transaction that could have been worth up to $7.5 billion. Ellison confirmed that no shares were actually sold under the arrangement before it was withdrawn.
GoKawiil's interpretation of the reporting above, not reported fact.
Ellison remains one of Oracle's largest shareholders and one of the world's richest individuals, so any move to trim his stake draws close market attention. Scrapping a sale of this size, rather than executing it, may signal continued confidence in Oracle's stock or simply a shift in personal financial planning, and it removes a potential source of selling pressure on the shares.
- Ellison canceled a plan to sell up to 50 million Oracle shares.
- The potential sale was valued at as much as $7.5 billion.
- No Oracle stock was actually sold under the scrapped plan.
Source: wsj.com, 2026-09-12
Published there as: “Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock”
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