Oracle founder Larry Ellison announced a plan on September 12, 2026, to sell up to 50 million shares worth approximately $7.5 billion, then canceled the plan shortly thereafter on the same day. No shares were sold under the arrangement, which was set to expire later in 2026.
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Oracle founder Larry Ellison, the world's seventh-richest person, can sell up to 50 million of his shares in the software company under a new trading plan.
Oracle Corp. said on Saturday that Chairman Larry Ellison canceled his plan to sell up to 50 million shares of the company.
Oracle founder Larry Ellison has canceled his plan to sell up to $7.5 billion worth of stock in the software company.
Larry Ellison cancels plan to sell Oracle stock Reuters
Larry Ellison cancelled his Oracle stock sale plan shortly after its disclosure. No shares were sold under the arrangement which was set to expire later this year. This plan would have allowed the sale of fifty million Oracle shares. The cancellation highlights differences between US and European trading regulations for executives. Oracle's stock has experienced a decline while the company faces i
Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion.
Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion. https:// techcrunch.com/2026/09/13/larr y-ellison-cancels-7-5-billion-sale-of-oracle-stock/?utm_source=dlvr.it&utm_medium=mastodon
Ellison cancels plan to sell 50 million shares. This piece forgets to mention his leveraged position where he's used his shares to borrow money or leverage other debt. Oracle had previously disclosed that Ellison planned to sell 50 million shares worth around $7.5 billion. https:// techcrunch.com/2026/09/13/larr y-ellison-cancels-7-5-billion-sale-of-oracle-stock/?utm_source=dlvr.it&utm_medium=mast