Story perspectives

Ellison Cancels $7.5B Oracle Share-Sale Plan

By Drooid · Sep 14, 2026, 10:43 PM UTC · How we work

Summary

Story summary

Larry Ellison canceled a Rule 10b5-1 plan to sell up to 50 million Oracle shares worth $7.5 billion.
The plan, adopted June 22 2026, was to run until October 24 2026 but was cancelled September 12 2026.
Oracle confirmed that no shares were sold and Ellison does not plan to sell.
Ellison still owns over 38 % of Oracle.
Oracle’s shares are down about 22 % YTD and 16 % since the plan’s adoption.

History

Historical Context

Enron’s 2001 bankruptcy—filed Dec 2 2001 with $63.4 billion in assets and a $40 billion shareholder lawsuit—exposed massive accounting fraud and spurred the 2002 Sarbanes-Oxley Act that tightened SEC trading-disclosure rules. Those safeguards now affect insiders like Oracle co-founder Larry Ellison, who on Sep 12 2026 cancelled a $7.5 billion Rule 10b5-1 trading plan while retaining a 38 % stake as his shares fell 22 %.

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Story summary

Larry Ellison canceled a Rule 10b5-1 plan to sell up to 50 million Oracle shares worth $7.5 billion.
The plan, adopted June 22 2026, was to run until October 24 2026 but was cancelled September 12 2026.
Oracle confirmed that no shares were sold and Ellison does not plan to sell.
Ellison still owns over 38 % of Oracle.
Oracle’s shares are down about 22 % YTD and 16 % since the plan’s adoption.

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