Larry Ellison Adopts Trading Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
Oracle founder Larry Ellison has adopted a trading plan that allows him to sell up to 50 million shares, or approximately $7.5 billion worth at current prices, over the period from June 22 through October 24. This marks an unusual move for Ellison, who typically sells very few Oracle shares and currently owns more than 40% of the company. Ellison has played a key role in transforming Oracle into a major player in artificial intelligence infrastructure, with recent cloud revenue growth exceeding expectations. However, Oracle's aggressive debt accumulation to fund its expansion has raised concerns among investors, contributing to roughly a 20% decline in stock price this year.
Tickers: $ORCL
Topics: AI infrastructure debt financing Larry Ellison Oracle stock trading plan