Larry Ellison cancels $7.5 billion sale of Oracle stock

2026-09-13 | original

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Why This Matters

Larry Ellison scrapping a $7.5 billion share sale is a notable signal of confidence at a moment when Oracle's stock is down 22% this year and the company is burning cash on AI data centers. Insider selling by a founder of that scale can spook investors, so pulling the plan — and stating he has no other plans to sell — removes an overhang on a stock already under pressure.

Key Takeaways

Ellison canceled a disclosed plan to sell 50 million Oracle shares (~$7.5B); no shares were sold and Oracle says he has no further sale plans.
Oracle gave no reason for the reversal, leaving investors to read it as a confidence signal amid a 22% year-to-date stock decline.
The move comes as Oracle spends heavily on data centers, takes a major role in TikTok's US operations, and Ellison backs his son's contested Warner Bros. acquisition.

In Brief

Oracle co-founder and executive chairman Larry Ellison has canceled a planned sale of his Oracle stock, the company announced on Saturday.

Oracle had previously disclosed in a regulatory filing that Ellison planned to sell 50 million shares worth around $7.5 billion, according to Reuters. The company did not offer a reason for the change in plans.

“No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock,” the company said.

Oracle stock is currently down 22% since the beginning of the year. The company has been spending heavily on data centers, and it recently became one of the major owners and security partners for TikTok’s U.S. operations.

Ellison has also used his wealth to back his son David’s acquisition of Warner Bros., which is currently being contested in court.

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