Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock

Larry Ellison has canceled a preset plan that would have allowed him to sell up to 50 million Oracle shares, worth as much as $7.5 billion, and says none were sold. Insider sales of that size are closely watched as signals about a company's outlook, so scrapping the plan removes a potential overhang on Oracle's stock and on sentiment toward the company's AI-driven growth story.

• Ellison canceled a plan to sell up to 50 million Oracle shares, valued at as much as $7.5 billion.
• No shares were actually sold under the plan, according to Ellison.
• Large founder stock sales are read as signals by investors, so the cancellation removes a possible drag on Oracle shares.