Larry Ellison Cancels $7.5 Billion Oracle Stock Sale Plan Amid Net Worth Drop
Larry Ellison, co-founder of Oracle (NYSE:ORCL), has canceled a planned sale of up to $7.5 billion in shares under a Rule 10b5-1 trading plan just one day after it was publicly disclosed. The reversal came on September 12, 2026, with no shares having been sold yet. Ellison's net worth dropped by approximately $200 billion over the past year, according to wealth trackers like Forbes and Bloomberg. Oracle has faced significant financial strain as it transitions from a legacy software vendor into an AI infrastructure provider. The company reported capital expenditures of $28 billion in its most recent quarter and negative free cash flow of $5 billion. Despite these challenges, Oracle's cloud backlog reached $664 billion. Analysts have noted the ongoing costs associated with this transformation are impacting short-term financial performance. The stock price for ORCL was down 10.8% over the previous week as of September 14 and has fallen more than 53% in a trailing one-year period, reflecting investor concerns about Oracle's current trajectory.
Tickers: $ORCL
Topics: Larry Ellison Oracle stock Rule 10b5-1 plan stock trading