Larry Ellison Cancels Plan to Sell $7.5 Billion Worth of Oracle Stock
Larry Ellison has canceled his plan to sell up to $7.5 billion in Oracle stock, which had been disclosed through a regulatory filing on June 22 and was set to expire in October 2026. No shares were sold under the trading plan before its reversal. The company did not provide an explanation for the cancellation. Oracle's stock has declined over 23% this year amid significant capital expenditures, including $55.7 billion spent in fiscal 2026 and plans to raise around $40 billion more in fiscal 2027 through debt and equity issuance. The company now carries total debt of $125 billion but reported a strong performance with cloud infrastructure revenue doubling year-over-year. Ellison's decision may be influenced by broader financial commitments, including his personal investment to fund an acquisition attempt for Warner Bros. Discovery worth nearly $80 billion.
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Topics: 10b5-1 plan Larry Ellison Oracle stock sales cancellation