Larry Ellison Cancels $7.5 Billion Oracle Stock Sale Plan
Larry Ellison, co-founder and executive chairman of Oracle (ORCL), canceled a planned sale of up to $7.5 billion worth of his shares in the company on September 12, 2026—just one day after it was disclosed via regulatory filing. The reversal surprised Wall Street as such cancellations are rare for large insider transactions and could have affected Oracle's already pressured stock price. Oracle has seen a significant drop in its share value this year, down about 23% year to date. Ellison owns nearly 40% of the company, so his decision is closely watched by investors. The cancellation removes immediate concerns over potential selling pressure and signals confidence from Oracle's largest shareholder at this time. The stock currently trades near $150 per share, well below its recent high of around $330. Despite challenges like negative free cash flow due to heavy data center investments in support of AI growth, Oracle has raised revenue forecasts for the year and reported strong backlog figures.
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