Full Breakdown
Larry Ellison Cancels $7.5 Billion Oracle Stock Sale Plan
By Drooid · · How we work
Core Event: Cancellation of a Rule 10b5-1 Plan
Larry Ellison, Oracle’s co-founder, executive chairman and CTO, adopted a Rule 10b5-1 plan on June 22 2026 to sell up to 50 million shares—about $7.5 billion at the filing price. A disclosure on September 11 2026 revealed the plan, and Oracle announced its cancellation in a September 12 release. No shares were sold and Ellison has no other intent to divest.
Background & Context
Ellison founded Oracle in 1977 and was CEO until 2014. He still controls the largest block of Oracle stock, with LSEG reporting ownership of more than 38 % and other sources citing above 40 %.
Ellison’s net worth has fallen sharply. Forbes listed him as the second person ever to exceed $400 billion in September 2025, while Bloomberg recorded $204 billion on September 13 2026, a $3.14 billion decline from the prior day.
Oracle’s share price has been pressured as the company shifts toward AI-infrastructure. The stock traded at $141.61 on September 14 2026, down 5.77 % that session and about 22 % YTD.
Timeline
- June 22 2026 – Ellison adopts the Rule 10b5-1 plan.
- September 11 2026 – Oracle files a disclosure revealing the plan.
- September 12 2026 – Oracle announces the plan’s cancellation.
- September 13 2026 – Bloomberg reports Ellison’s net worth at $204 billion.
- September 14 2026 – Oracle shares close at $141.61.
- October 24 2026 – Original deadline for the trading plan (now moot).
Data & Statistics
- Planned sale: up to 50 million shares, ? $7.5 billion at September 2026 price.
- Ownership: > 38 % (LSEG) / > 40 % (other reports).
- Stock performance: down ~22 % YTD.
- Q1 fiscal 2027 results (filed September 10 2026):
- Cloud infrastructure revenue up 121 % YoY to $7.388 billion.
- Total revenue $19.345 billion, 29.61 % YoY growth.
- Capital expenditures $28 billion; free cash flow negative $5 billion.
- Remaining performance obligations $664 billion, up $209 billion YoY.
- Prior financing: $20 billion at-the-market equity issuance earlier in the quarter.
Official Statements & Responses
The company offered no explanation for the cancellation.
Conflicting Reports & Gaps
- Wealth valuation: Forbes and Bloomberg give different net-worth figures.
- Ownership percentage: Sources differ between “more than 38 %” and “above 40 %”.
- Motivation: No source has disclosed Ellison’s reasoning.
Why It Matters / Impact
The cancellation removes a potential “overhang” of insider selling that could depress the stock. Retaining the option to sell signals Ellison’s confidence in Oracle’s AI-cloud strategy, which has driven revenue growth but also heightened cash-flow strain.
What’s Next
Analysts expect Oracle’s next earnings call to address the cancellation and its implications for the capital-intensive AI strategy. Until then, investors will watch the company’s high-capex spending and negative free cash flow.