Oracle Founder Larry Ellison Cancels $7.5 Billion Share Sale Plan
Oracle founder and executive chairman Larry Ellison has canceled a planned sale of up to 50 million Oracle shares worth approximately 7.5 billion dollars. The trading plan was initially disclosed in a regulatory filing on Friday, September 11th and canceled the next day. No shares were actually sold under the arrangement. The plan had been adopted in late June and was set to expire in October. Oracle provided no official explanation for the cancellation, though sources close to Ellison suggest he views the stock as undervalued after Oracle shares fell roughly 22 percent year-to-date. The cancellation comes after Oracle reported strong quarterly earnings driven by 121 percent year-over-year growth in cloud infrastructure revenue and increased its annual guidance to 90 billion dollars. Ellison controls approximately 40 percent of Oracle.
Key facts
- Larry Ellison canceled a Rule 10b5-1 trading plan allowing sale of up to 50 million Oracle shares worth $7.5 billion
- The plan was adopted on June 22, 2026 and was set to expire October 24, 2026
- No shares were sold under the plan before cancellation
- Oracle stock has fallen approximately 22 percent year-to-date from $193.03
- Oracle's cloud infrastructure revenue grew 121 percent year-over-year
- Oracle reported a $664 billion revenue backlog and raised full-year guidance to $90 billion
- Ellison controls approximately 40 percent of Oracle shares
Limits of this briefing
Oracle did not publicly explain Ellison's reasoning for the cancellation, leaving the decision open to interpretation. Most outlets rely on unnamed sources suggesting Ellison views stock as undervalued. Limited explicitly partisan analysis was found; coverage is primarily from centrist financial and business news outlets.
Sources
- Bloomberg: Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock Centre
- CNBC: Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock Centre
- TechCrunch: Larry Ellison cancels $7.5 billion sale of Oracle stock Centre
- Analytics Insight: Ellison Scraps USD 7.5B Oracle Stock Sale Amid Europe Scrutiny Centre
- Global Banking and Finance: Larry Ellison Cancels $7.5B Oracle Stock Sale Amid Market Concerns Centre